Thursday, July 19, 2012

The Green Energy Success Stories Keep Piling Up

Well, Obama calls them a success...



Unsure of the actual count, but the list is plenty long.
  • Solar Trust of America: FAIL - Filed Bankruptcy in Oakland, CA, April 3, 2012 – On April 2, 2012
  • Bright Source: FAIL - Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Lost Billions of dollars but Getting More Money To Keep Trying. Canyou say, “This isnt working?”
  • Solyndra: FAIL - Solyndra shut its doors and laid off 1100 workers in August 2011 After Billions in Losses
  • LSP Energy: FAIL - LSPEnergy LP  filed bankruptcy protection and a sale of its assets in Feb 2012
  • Energy Conversion Devices: FAILOn February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy
  • Abound Solar: FAIL - Abound Solar received a $400 million loan guarantee from Barack Obama announced in June, 2012 that it would file for bankruptcy
  • SunPower: FAIL – SunPower stopped producing solar cells last year at near bankruptcy restructured only with help of, get this, oil giant TOTAL who owns 60% stake. Irony! Still struggling…
  • Beacon Power: FAIL – Beacon Power Corp filed for bankruptcy Oct 2011 just a year after Obama approved $43 million loan Government loan guarantee
  • Ecotality: FAIL - ECOtality, a San Francisco green-tech company that never earned any money on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from Obama
  • A123 Solar: FAIL-A123 received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M
  • UniSolar: FAI Uni-Solar filed for Ch 11 bankruptcy in June 20 this year laid off hundreds got more Obama money still failing but still in business
  • Azure Dynamics: FAIL - Azure Dynamics files for bankruptcy in June ter millions in Obama “Stimulus”
  • Evergreen Solar: FAIL  - Evergreen Solar received $527 Million in Taxpayer money from Obama filed bankruptcy
  • Ener1: FAIL received more than $100 million in government funding from the Obama administration  filed for bankruptcy January 2012

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