Message from discussion Partial List Of Failed Green Energy Companies
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From: Way Back Jack <inva...@invalid.net>
Subject: Partial List Of Failed Green Energy Companies
Date: Thu, 1 Nov 2012 17:11:57 -0400
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List Of Failed Green Energy Jobs & Companies ¡V By Obama
Update: 7/19/12: The Amonix Solar: FAIL! ¡V manufacturing plant in North Las
Vegas, subsidized by more than $20 million in federal tax credits and
grants given by Obama Administration, has closed its 214,000 square foot
facility a year after it opened.
Solar Trust of America: FAIL! - Filed Bankruptcy in Oakland, CA, April 3,
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. Bright Source lost billions of dollars but is getting
more money to keep trying. Can you say, ¡§This isn¡¦t working Mr. President?¡¨
Solyndra: FAIL! - Obama gave $500,000,000 (that¡¦s a HALF BILLION!) in
taxpayer money to Solyndra who shut its doors and laid off 1100 workers in
August 2011 after billions in losses due to failure to make a solar product
that works! Barack Obama was not vetted before being elected President and
neither was Solyndra before Mr. Obama threw that taxpayer money down the
drain of unproven technology.
LSP Energy: FAIL! - LSPEnergy LP filed bankruptcy protection and a sale of
its assets in Feb 2012
Energy Conversion Devices: FAIL! ¡V On 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 then announced in June, 2012 that it would file for
bankruptcy. Many of these failed corporations, such as Abound, donated
MILLIONS and continue to donate to Barack Obama¡¦s campaign. Can you say,
¡§Democrat Slush Fund¡¨? Yes this is illegal. But Democrats are being
protected from being prosecuted, for now.
SunPower: FAIL! - SunPower stopped producing solar cells in 2011 at near
bankruptcy then restructured with the help of, get this, oil giant TOTAL,
Inc. who owns 60% stake in SunPower. Irony? The company is still
Beacon Power: FAIL! ¡V Beacon Power Corp filed for bankruptcy protection in
October, 2011 just a year after Obama approved a $43 million Government
loan guarantee. They remain barely in business, still struggling to make
energy that makes sense or that works at all.
Ecotality: FAIL! - ECOtality, a San Francisco green-tech company that never
earned any money and remains on the verge of bankruptcy after receiving
roughly $115 million in two loan guarantees from President Obama, who wants
to do some more of this kind of Democrat Slush Fund Guarantees after he is
elected to a 2nd term.
A123 Solar: FAIL! - A123 Solar received $279 million from taxpayers thanks
to President Obama¡¦s Department of Energy loan guarantees even after the
Solyndra bankruptcy and is getting another $500M from Obama after a loss of
UniSolar: FAIL! - Uni-Solar filed for Ch 11 bankruptcy in June 20, 2012
after laying off hundreds of workers. UniSolar received even more Obama
money after showing now progress, no profits and is still failing¡K yet they
still remain in business with Obama¡¦s help.
Azure Dynamics: FAIL! - Azure Dynamics filed for bankruptcy in June , 2012
wasting millions in Obama ¡§Stimulus¡¨ money and received abatement on taxes
owed and and several tax credits. Azure Dynamics LLC filed for bankruptcy
protection in Canada and the US. Azure laid off 120 of its 160 employees
in Oak Park; Boston; Vancouver, British Columbia; and the UK.
Evergreen Solar: FAIL! - Evergreen Solar received $527 Million in Taxpayer
money from Obama and filed bankruptcy in late 2011. Evergreen, which closed
its taxpayer-supported Devens factory in March, 2011 cut more than 1800
jobs. Evergreen¡¦s $450 million factory, turned out to be a colossal ¡§waste¡¨
of taxpayer money.
Ener1: FAIL! Ener1 Inc. received a $118 million U.S. Energy Department
grant from President Obama to make electric-car batteries but filed for
bankruptcy protection January 2012 after defaulting on bond debt.