Stirling Energy Systems (SES) recently filed for Chapter 7 bankruptcy, which further complicates California's big push toward 33% renewable energy by 2020, as two massive solar thermal projects had been approved using the company's technology.
A Chapter 7 filing means the company is dead and remaining assets will be liquidated. In contrast, Chapter 11 and 13 bankruptcy mean the company will be reorganized and has a chance at survival.
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