The 15 year old company boomed during the late 1970s

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Canada Goose Parka And has a factory in Frederick, has avoided the limelight.Wiser now that they have survived the boom and bust in the alternative energy industry that followed the oil crises of the 1970s, and constrained by their oil company bosses, Solarex executives are cheap canada goose alternative keeping their eyes on the road they hope will lead them canada goose outlet belgium back to profitability and respectability.Solarex’s “health is at a critical point right now,” said Edgar DeMeo, manager of the solar power program for the Electric Power Research Institute in California.”The technology canada goose lorette uk is just getting to point where it can be used reliably for niche markets,” he said, and the owners are probably getting tired of losing money on the company.”They’ve got maybe two or three years to be profitable,” Mr. DeMeo said.The 15 year old company boomed during the late 1970s, when oil was expensive and homeowners looked to the sun for cheap hot water, air conditioning and night lights.But, like the rest of the solar industry, Solarex was hit by the cheap oil of the 1980s and the federal government’s drastic cutbacks in research grants and tax benefits.The company started losing money in 1979 and probably would have gone out of business if it hadn’t been purchased by Amoco in 1983, industry experts say.But the financial support of Amoco wasn’t enough to protect Solarex from severe cuts. The staff, which numbered 700 in the early 1980s, is down to about 400 Canada Goose Parka.

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