Two more Obama Energy picks filed for bankruptcy

A123 received $249 million in tax-payer funds.

Satcon received $3 million.

Both filed for bankruptcy this week.

http://blog.heritage.org/2012/10/18/another-doe-backed-solar-company-goes-bankrupt/

The complete list of faltering or bankrupt green-energy companies
*Denotes companies that have filed for bankruptcy
http://blog.heritage.org/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/

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 ($6 million)*
Johnson Controls ($299 million)
Schneider Electric ($86 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)

2 Comments

Filed under Barack Obama, Economy, Energy

2 responses to “Two more Obama Energy picks filed for bankruptcy

  1. GP

    And I heard his suit maker is filing bankruptcy as well.
    The empty suit syndrome!
    All he picks is losers.
    In November, WE make him the loser!

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  2. They could have just flushed the money down the toilet. It would have been faster and easier.

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