ClearEdge Power in South Windsor is closing down and filing for bankruptcy, according to union workers who just left a meeting.
The employees will get this week's pay, but that is all.
"Stunned, shocked, disbelief that something like this could happen," said Scott Racine, a worker. "It's just out of control."
Officials from the company, which is based in Sunnyvale, Calif., had no comment.
The closure comes just over a year after the company announced that it was laying off 39 percent of the employees across four locations.
Earlier this year the State Bond Commission allocated more than $1.4 million to help the company grow jobs.
As part of the agreement to receive the loan the company agreed to retain 17 jobs and create 80 new jobs within three years.
ClearEdge has not received the money, according to Governor Malloy's office.
The company employs around 80 union workers at the South Windsor plant and additional 200 salaried employees.
They also have offices in Oregon and Irvine, Calif. No information was available on whether these other offices are affected.