Congress also launched an investigation into the company, asking Energy Secretary Steven Chu to provide documents and information regarding what the Energy Department knew about the troubled company.
Both investigations came after a Daily Caller News Foundation investigation, using internal documentation and testimony from sources within Abound, revealed that the company was selling a faulty, underperforming product, and may have mislead lenders at one point in order to keep itself afloat.
“Our solar modules worked as long as you didn’t put them in the sun,” an internal source told The DCNF.
The company knew its panels were faulty prior to obtaining taxpayer dollars, according to sources, but kept pushing product out the door in order to meet Energy Department goals required by the company’s $400 million loan guarantee.
“The DOE hurt us more than anything,” another source told The DCNF, referring to the Energy Department’s production and revenue metrics.
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact email@example.com.