Saturday, January 4, 2014

Green Energy

The complete list of faltering or bankrupt green-energy companies (shows tax dollars), as of October, 2013: 

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 ($700,981)*, Johnson Controls ($299 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). 

*Denotes companies that have filed for bankruptcy. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher. So, what can we learn from these numbers? 

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