27 Feb '12, 9pm

Serious Energy to Close Green Window Factory it Once Saved: Serious Energy may be making a wise move by shifti...

Serious Energy to Close Green Window Factory it Once Saved: Serious Energy may be making a wise move by shifti...

Serious Energy may be making a wise move by shifting from green building materials to software and financing for energy efficiency. But that move isn’t coming without its share of dashed promises. That’s the news from Chicago, where Serious has decided to close its green window factory it rescued from closing in 2008. About 46 workers will lose their jobs. While Serious said it will keep making its efficient windows at plants in Pennsylvania and Colorado , it also painted a pretty bleak picture of the business at present. “Ongoing economic challenges in construction and building products, collapse in demand for window products, difficulty in obtaining favorable lease terms, high leasing and utility costs and taxes, and a range of other factors unrelated to labor costs, have compelled Serious to cease production,” the Sunnyvale, Calif.-based startup said in its announcement...

Full article: http://www.greentechmedia.com/articles/read/serious-energ...

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