Post Tagged with: "Beacon Power Corp"

November 8, 2011 11:08

Beacon Power: Another DOE loan bites the dust

The bankruptcy of the second DOE-backed company in the renewable energy sector is yet another red flag that the government has no business running a bank (or hedge fund) with tax dollars. The reason the private sector won’t fund these projects is that they are unprofitable, and that’s exactly why the government shouldn’t be backstopping them either.

November 1, 2011 08:56

Another ‘Green’ Energy Company with Ties to Obama Goes Bankrupt with Your Tax dollars

Showing a pattern of millions of dollars in loan guarantees going to campaign supporters Beacon Power received $43 million in the same DOE loan for campaign cash program that backed Solyndra which also filed bankruptcy.