Monday, November 5, 2012

Obama's Green Energy Failures


The complete list and all taxpayer funded, of course (hat tip to Randy's Roundtable):
Evergreen Solar ($24 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($69 million)*
AES’s subsidiary Eastern Energy ($17.1 million)
Nevada Geothermal ($98.5 million)
SunPower ($1.5 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
National Renewable Energy Lab ($200 million)
Fisker Automotive ($528 million)
Abound Solar ($374 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 ($6.4 million)*
Stirling Energy Systems ($7 million)*
LSP Energy ($2.1 billion)*
UniSolar ($100 million)*
Azure Dynamics ($120 million)*
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($150 million)
Nordic Windpower ($16 million)*
Navistar ($10 million)
Satcon ($3 million)*

*Denotes companies that have filed for bankruptcy.
Vote accordingly.

10 comments:

  1. Another huge reason to get rid of this president.
    AOW: I found an article this weekend that I was planning on posting about, but instead I will put it here since it ties right into your post:
    From Forbes: http://www.forbes.com/sites/larrybell/2012/10/30/cbo-finds-electric-cars-not-smart-toyota-pulls-plug-on-its-iq/
    “President Obama’s vision to put a million plug-in cars on U.S. roads by 2015 is shorting out…
    A September Congressional Budget Office Report has concluded that all that spending “…will have no impact on the total gasoline use and greenhouse gas emissions of the nation’s vehicle fleet over the next several years.” It also found that even with the $7,500 tax credits we taxpayers generously provided to purchasers, electric cars are still a bad buy, costing owners far more over the life of the car than traditional gas-powered vehicles.
    Apparently Toyota, the world’s largest carmaker, has figured that out, deciding that its new sub-compact iQ plug-in isn’t a great idea after all. Instead of mass marketing it, total production will be cut off at just 100. As their Vice Chairman Takeshi Uchiyamada explained, “The current capabilities of electric vehicles do not meet society’s needs, whether it may be the distance the cars run, or the costs, or how it takes a long time to charge.”

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  2. AOW,

    GOOD INFORMATION! I've just shared this with many.

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  3. But ONLY 14 out of 37 filed for bankruptcy. (If I counted right!)

    Less than half.

    Is that really SO bad for fledgling, highly experimental industries.

    I imagine the national failure rate for ALL start up businesses is as high or higher.

    That's why it's called "VENTURE" Capitalism.

    Of course in REAL Capitalism -- the kind where government keeps its filthy hands OFF and OUT of the WAY -- individuals put THEIR money at RISK, which is why investors deserve to keep ALL their profits, if any.

    The "Idea Men" and the "Organizers" would have NOTHING to go on without INVESTOR'S MONEY.

    It seems downright CRIMINAL to me for the GOVERNMENT to put TAXPAYER'S money at RISK without giving them any say in the matter.

    We need to emphasize and reemphasize the vast differences between Venture capitalism, Crony Capitalism, and the de facto FASCISM in which Obama & CO have indulged claiming that it "saved" the economy.

    ~ FreeThinke

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  4. FT,
    It seems downright CRIMINAL to me for the GOVERNMENT to put TAXPAYER'S money at RISK without giving them any say in the matter.

    Thank you for calling attention to the real issue: the scamming of the American taxpayers.

    You know, something similar has happened with ObamaCare. Remember the promises of a drop in premiums? Instead, the reverse has happened, both a rise in premiums and the going under of several private health insurance companies (the latter resulting in quite a few soon-to-be uninsured people who will have to wait 6 full months with no coverage before qualifying for the much touted health insurance exchange programs) -- along with all sorts of regulations impacting those needing health care. Some of those regulations took effect on January 1 of this year. All these referrals by primary care doctors to specialists in the name of wellness.

    One thing about statists: they're excellent at spending other people's money while, at the same time, lining their own pockets and the pockets of their cronies.

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  5. Freedom by the Way,
    Thank you for posting that link.

    The Obama-car utopian dream is in the process of bursting, it seems.

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  6. And let us not forget about THIS:

    If you think the Obama administration’s Enterprise Prevention Agenda has been wildly aggressive during the past four years, believe me, we really ain’t seen nothin’ yet. A new report released by the U.S. Senate Committee on Environment and Public Works Minority Committee enumerates a slew of planned EPA regulations that have been delayed or punted on until after the election that will destroy millions of American jobs and cause energy prices to skyrocket even more....

    Read the specifics at the above link. These regulations will affect every individual in the United States. Think about it. How many more hits can the middle class take? Not to mention those below middle class.

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  8. You cannot mandate the choice of Americans. And you should not CHOOSE "winners" and "losers" in business.

    When you do that, you get the Obaka Example. MILLIONS and MILLIONS of YOUR TAXPAYER DOLLARS pissed away down the toilet for "green" businesses that FAILED.

    BZ

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  10. OK, solar and wind have been around forever and electric powered vehicles were developed and dropped well over a hundred years ago. If these, so called, "alternatives" show so much promise why then haven't they evolved in the "Private Sector"? No, these "alternatives" aren't tantamount to the "Space Program"!

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