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image: In Solar, Innovation Doesn't Pay by stanis

In Solar, Innovation Doesn't Pay

MiaSolé was once one of the country's most promising solar start-ups. But this bright light flickered out when MiaSolé CEO John Carrington announced in early January that he sold the company to Chinese energy juggernaut Hanergy Holding Group. The salt in the wound: Hanergy reportedly purchased MiaSole for just one-tenth of the $1.2 billion asking price. It was a disappointing end for a company that once promised to drastically reduce the cost of solar technology with its thin-film...