BANGOR DAILY NEWS • November 14, 2022
Stored Solar has declared bankruptcy, and the company still owes money to dozens of New England loggers. In Maine, Stored Solar benefited from a multimillion-dollar subsidy package designed to keep its two biomass plants in West Enfield and Jonesboro afloat with taxpayer money and preserve a crucial market for loggers. But the company has only run its plants intermittently, and still owes money to loggers from deliveries more than five years ago, according to the Professional Logging Contractors of Maine.