Electric car battery maker, A123 Systems, just joined the growing list of our Department of Energy-backed companies receiving taxpayer dollars ... who then have gone belly up (see:
Market Watch). This time the hit was $123 million ... not quite the $535 million that Solyndra cost us ... but then not peanuts either. The list of green-energy corporate failures goes on and on: Compact Power Inc., Ener 1, Beacon Power, Abound Solar, Amonix Solar, SpectraWatt, Evergreen Power, Range Fuels, Raser Technologies, and ECOtality to name but a very few ... and in the wings are Sun Power, First Solar and Solar Trust of America (see
Brainard Dispatch). This has cost our bumbling Energy Department buffoons billions of dollars and will certainly cost us taxpayers billions more. As Mitt Romney has aptly opined ... our government "doesn't just pick green-energy winners and losers, it just picks losers."
I have come up with a better idea for how the Obama administration can produce green-energy much more frugally ... scroll down please ...
Afterward: Add Satcon Technology Corp to the above list of failed DOE-funded greenies (see: The Foundry Story)
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