Top 10 dry bulk shipping companies

The major California-based solar company Sungevity declared Chapter 11 bankruptcy Monday. Sungevity is laying off workers, auctioning off some assets, and agreeing to hand over control investors in exchange for $20 million in financing to keep the company’s operations going. Sungevity was one of seven residential solar power companies, which Congress announced in September it would formally investigate for wrongfully receiving billions in tax credits from the government. The federal government likely handed out roughly $25 billion in cash grants and tax credits to these companies. “The actions we have announced today will allow Sungevity to emerge as a stronger and more competitive company,” William Nettles, the company’s newly appointed Chief Administration Officer, said in a press statement . “With its market-leading software platform and its high quality employees who provide unwavering commitment to customers and exceptional service, Sungevity intends to be at the … [Read more...] about Another Solar Company Goes Bankrupt

Another solar company went out of business after receiving millions of dollars in taxpayer cash, according to a Monday GreenTech Media article. Beamreach, called Solexel until 2016, received $3 million in Department of Energy (DOE) funding in 2008 . The company spent more than $250 million, mostly raised from private investors in Saudi Arabia, before going under. Beamreach tried to produce highly efficient solar cells that only cost $0.42 per watt by 2014, but failed, according to GreenTech Media . The failure prompted Solexel to change its name to Beamreach last year, and try to enter the lucrative rooftop solar market. Beamreach was unable to handle its substantial load of debt in the rooftop solar market and couldn’t attract new investors. This caused the company to enter what appears to be a liquidation bankruptcy. Roughly five major solar companies closed up shop in 2015, which follows the historic tendency that solar power companies tend to go bankrupt as soon … [Read more...] about Solar Company Goes Bust After Getting Millions In Taxpayer Cash

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Elon Musk allegedly threatened to fire Twitter ’s engineers after his tweets during the Super Bowl attracted less engagement than president Joe Biden ’s. During the Sunday game in which the Philadelphia Eagles faced off against the Kansas City Chiefs, Mr Biden tweeted a video of first lady Jill Biden supporting the Eagles, while Mr Musk also showed support for the same team in a now-deleted tweet. While the US president’s tweet garnered about 29 million impressions, Mr Musk’s post got around 9 million, according to Platformer’s Zoë Schiffer and Casey Newton. Following this, the Twitter chief reportedly ordered the company’s remaining engineers to make changes to the platform to ensure his tweets got better engagement. Citing sources close to the matter, Platformer reported that Mr Musk flew to … [Read more...] about Elon Musk changes Twitter algorithm so his tweets get seen by ‘1000 times’ more people than normal, report claims

ROCHESTER, N.Y. — Standing in a warehouse outside downtown Rochester, Jeffrey Medford watered his cannabis crop under industrial lights. He’s among the many growers who’ve transformed the city’s network of defunct factories into sophisticated indoor farms. Mr. Medford, 58, who has grown cannabis for nearly a decade after a career as a carpenter, would typically be hypervigilant for any slip up that would alert the police to his presence. An outsized electricity bill, for example, could give him away. But since January, Mr. Medford has spoken openly about his operation to a packed online classroom as part of a business mentorship program. In January, New York State regulators launched the Cannabis Compliance Training & Mentorship Program. The goal is to give legacy operators — loosely defined as players in the illicit market before legalization took place in 2021 — the information and skills necessary to stay current with emerging rules. For the first time, growers in the legal … [Read more...] about Can Cannabis Class Help the Industry Legalize? Growers Are Doubtful.