Bobcat
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another disgrace of the Obama Presidency..
every day there is new one. Worst president in US history, Jimmy Carter is a happy man.
I hope they don't go out of business. I use their products in some RC equioment.
http://www.washingtonpost.com/blogs/ezra-klein/wp/2012/10/16/a123-systems-files-for-bankruptcy-heres-what-you-need-to-know said:4) Of the 29 battery companies that received federal stimulus support, A123 is the second to go bankrupt. You can see the full list of 29 stimulus-funded battery firms here. To date, A123 and Ener1 have filed for bankruptcy.
Wow, 2 out of 29 companies. What an epic failure!? I'm glad you didn't grade my homework in college. In the mean time could you share the name of your portfolio manager? I've been looking to get into some high yield zero risk investments.:doh
Its just a matter of time before the others follow suit. They cannot make money in this industry. Maybe some day, but not now and not with MY tax money. When this becomes a viable industry entreprenuers will be all into it. The govt cannot make something successful by just throwing money at it.
Wow, 2 out of 29 companies. What an epic failure!? I'm glad you didn't grade my homework in college. In the mean time could you share the name of your portfolio manager? I've been looking to get into some high yield zero risk investments.:doh
Tesla Motor Company -- $459 million. Of which, Tesla's owner and Obama contributor, pocketed $15 million. Car costs $54,000 (w/o the government's $7K subsidy) and has a range of 130 miles -- as opposed to the 300 miles touted. What does the Prius get? The other nonsubsidized cars get? I'll leave that to you.
Fisker Automotive -- $529 million. Promised to create 5,000 jobs in the U.S. The only jobs created were in Finland. The government decided to stop funding at $193 million.
Ener One -- $118 million grant. Bankruptcy. Emerged after being bought by a Russian businessman.
Beacon Power -- $43 million. Filed bankruptcy. Bought out for $30 million.
Energy Conversion Devices -- $13 million. Bankruptcy. $350 million in debt; $318 million in assets. 300 employees lost their jobs as the plant closed.
Abound Solar -- $400 million. Had only received $68 million before it filed for bankruptcy and closed their plant.
Amonix Solar -- $24 million. Closed.
Cogentrix Energy -- $90 milliion. They just began their project in May of this year. They're still in business,
BrightSource -- $1.6 billion. At that time they were funded, they were $1.8 billion in debt with annual sales of only $13.5 million. Robert Kennedy Jr. is the firm's largest investor. One of the ex-principals of his firm went to work for the DOE after the 2008 election.
Solyndra -- $527 million. Bankrupt.
Evergreen Solar -- $125 million. Bankruptcy.
Ecotality -- $126 million. These people install electric chargers -- supposedly 14,000 across five states. So far? 6,400. And they are being investigated for insider trading.
Mountain Plaza -- Received $425,000 despite having filed for bankruptcy. Company kaput.
Raser Technologies -- Received $33 million. Currently being sued by investors for securities fraud. Apparently the officers were short-selling the stock.
Specrawatt -- $500,000. Filed bankruptcy and paid out $750,000 to the execs before closing down.
There's plenty more. Perhaps you could list the successes??
A Moment of Zen: Grading Obama's Green Energy Stimulus "Investments": Epic Fail
Its just a matter of time before the others follow suit. They cannot make money in this industry. Maybe some day, but not now and not with MY tax money. When this becomes a viable industry entreprenuers will be all into it. The govt cannot make something successful by just throwing money at it.
no way that government funded darpa interwebs thing will yield the public a return on investment
you have so nailed it [/s]
Its just a matter of time before the others follow suit. They cannot make money in this industry. Maybe some day, but not now and not with MY tax money. When this becomes a viable industry entreprenuers will be all into it. The govt cannot make something successful by just throwing money at it.
The govt cannot make something successful by just throwing money at it.
Why do you hate our military?
I am a huge fan of our men and women in uniform. I am not a fan of the pentagon and its massive waste. Having spent most of my career dealing with DOD, I am very aware of the tremendous amount of DOD waste. The end result is a fighting force that is second to none, but we could obtain the same results with far less money.
The post office is a much better example of throwing money at something and not seeing any improvements.
It will never become a viable industry as long as we think our only options are oil dependant products.....you think the big oil companies and their investors want anything clean energy to be a success?
Why do you hate our military?
Then why do you support a guy that wants to sink $2 Trillion more into the defense that even the Pentagon doesn't want? That is if you truly think that the DoD is that wasteful already...