FactReal

QUICK FACTS: Politics, News, Economy, Religion, History…for busy people!

LIST: Obama’s Failed Green-Energy Companies

Posted by FactReal on October 22, 2012

Heritage has compiled a great list of Obama’s Taxpayer-Funded Green Energy Failures:

“The government’s picking winners and losers in the energy market has cost taxpayers billions of dollars, and the rate of failure, cronyism, and corruption at the companies receiving the subsidies is substantial. […]

[So far, 34] companies that were offered federal support from taxpayers are faltering — either having gone bankrupt or laying off workers or heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy and other agencies. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. 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.

List of faltering or bankrupt green-energy companies
We sorted the list in order of dollars offered by the Obama administration:

OFFERED COMPANY Heritage #
$1.6 billion Brightsource 17
$1.46 billion First Solar 7
$1.2 billion SunPower 6
$535 million Solyndra * 3
$529 million Fisker Automotive 11
$400 million Abound Solar * 12
$299 million Johnson Controls 15
$279 million A123 Systems * 13
$178 million Babcock and Brown 8
$151 million LG Chem’s subsidiary Compact Power 29
$126.2 million ECOtality 18
$118.5 million EnerDel’s subsidiary Ener1 * 9
$100 million Mascoma Corp. 34
$98.5 million Nevada Geothermal 5
$86 million Schneider Electric 16
$80 million Range Fuels * 23
$50 million Vestas 28
$43 million Beacon Power * 4
$39 million Navistar 31
$33 million Raser Technologies* 19
$25 million Evergreen Solar * 1
$20 million Konarka Technologies Inc. * 33
$16 million Nordic Windpower * 30
$13.3 million Energy Conversion Devices * 20
$10 million Olsen’s Crop Service and Olsen’s  Mills Acquisition Company * 22
$7 million Stirling Energy Systems * 25
$6.5 million Thompson River Power * 24
$5.9 million Amonix 10
$5.4 million Azure Dynamics * 26
$3 million Satcon * 32
$2 million Mountain Plaza, Inc. * 21
$700,981 Willard and Kelsey Solar Group * 14
$500,000 GreenVolts 27
$500,000 SpectraWatt * 2
*Denotes companies that have filed for bankruptcy.
Heritage also links to news reports for each company.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s