The complete list of Obama’s faltering or bankrupt green-energy companies:
- Evergreen Solar ($25 million)*
- SpectraWatt ($500,000)*
- Solyndra ($535 million)*
- Beacon Power ($43 million)*
- Nevada Geothermal ($98.5 million)
- SunPower ($1.2 billion)
- First Solar ($1.46 billion)
- Babcock and Brown ($178 million)
- EnerDel’s subsidiary Ener1 ($118.5 million)*
- Amonix ($5.9 million)
- Fisker Automotive ($529 million)
- Abound Solar ($400 million)*
- A123 Systems ($279 million)*
- Willard and Kelsey Solar Group ($700,981)*
- Johnson Controls ($299 million)
- Brightsource ($1.6 billion)
- ECOtality ($126.2 million)
- Raser Technologies ($33 million)*
- Energy Conversion Devices ($13.3 million)*
- Mountain Plaza, Inc. ($2 million)*
- Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
- Range Fuels ($80 million)*
- Thompson River Power ($6.5 million)*
- Stirling Energy Systems ($7 million)*
- Azure Dynamics ($5.4 million)*
- GreenVolts ($500,000)
- Vestas ($50 million)
- LG Chem’s subsidiary Compact Power ($151 million)
- Nordic Windpower ($16 million)*
- Navistar ($39 million)
- Satcon ($3 million)*
- Konarka Technologies Inc. ($20 million)*
- Mascoma Corp. ($100 million)
The Complete List of Obama’s Taxpayer-Backed Green Energy Failures
Disrupting the Borg is expensive and time consuming!
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“Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.”
What’s 8 billion dollars, between comrades?
How many of these companies were bundlers for the Obama campaign?
As far as I can tell, they all were associated with cronies or bundlers (redundant, maybe).
Does that mean we won’t be getting 5 million green jobs in the next 4 years? 🙂
About the dumbest thing any government could do is invest in start-ups. If they have 8 billion to spare, the money should have sensibly been placed in fundamental energy research. Imagine if the US government during WW2 decided to put millions of dollars into the hands of hundreds of new venture businesses and asked them to do the equivalent of the Manhattan Project.
“Fundamental energy research”? Take away “energy.”
If we were energy independent and prosperous, perhaps we could play around with alternative energy, but we simply cannot afford to do so at this time.
Who cares if China owns our men?