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Thread: 150 billion spent in eight years to increase clean energy by 1 percent

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    Senior Member Guppers's Avatar
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    150 billion spent in eight years to increase clean energy by 1 percent

    The complete list of faltering or bankrupt green-energy companies:

    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)
    Bab**** 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)
    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 ($6.5 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)

    Me thinks these were bad investments by our President at the expense of our tax dollars.

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    Senior Member Guppers's Avatar
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    Re: 150 billion spent in eight years to increase clean energy by 1 percent

    Don't get me wrong. I am facinated by solar energy. Read on it a lot. I just think it was wrong of our president to fund companies with taxpayer money so frivisly. And they failed!

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    Premium Member tude dog's Avatar
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    Re: 150 billion spent in eight years to increase clean energy by 1 percent

    Uh, a link would have been nice.

    Looked for where you got that and there are several so I'll give my favoriate.

    List: 36 Of Obama’s Taxpayer-Funded Green Energy Failures

    All the same, his failures have been no secret.

    As far as solar power I remember having a solar powered transister radio in 1960. Problem was it didn't work in the shade or night.

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    Premium Member tude dog's Avatar
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    Re: 150 billion spent in eight years to increase clean energy by 1 percent

    Quote Originally Posted by tude dog View Post
    All the same, his failures have been no secret.
    That is a lesson that the Trumphole should realize as he's trying to manage the economy by fiat.

    The Trumphole is already showing his lack of tolerance of a free economy.

    I always suspected he was a Democrat pretending to be a Republican.

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    Senior Member AnneBoleyn's Avatar
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    Re: 150 billion spent in eight years to increase clean energy by 1 percent

    The problem is, Obama didn't fund them enough. Should have gone all the way, IMO.

    PS--tude, I'm so glad you have a new friend! I approve, I like her too!

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    Re: 150 billion spent in eight years to increase clean energy by 1 percent

    Who gave Obama all that money to spend? Doesn't congress control the purse strings?

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    Senior Member Guppers's Avatar
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    Re: 150 billion spent in eight years to increase clean energy by 1 percent

    I really really wish these companies had succeeded. I would love to see solar become more affordable...id love to see solar advancement. Seems like we have been sloooooooow on that front. Maybe Obama was just ahead of his time. Who knows, in a few years there could be breakthroughs making solar go mainstream....

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    Senior Member Bryn Mawr's Avatar
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    Re: 150 billion spent in eight years to increase clean energy by 1 percent

    Quote Originally Posted by Guppers View Post
    Don't get me wrong. I am facinated by solar energy. Read on it a lot. I just think it was wrong of our president to fund companies with taxpayer money so frivisly. And they failed!
    Even in the UK solar power is being successfully deployed (and we have no sunlight) so how come so many US firms have gone under - it sounds like the business model is wrong?

    In Crete where the weather is more akin to much of the US virtually all of the power is solar or wind - no trees, no oil = no choice - the government had to get it right and they did.

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    Senior Member FourPart's Avatar
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    Re: 150 billion spent in eight years to increase clean energy by 1 percent

    Trump is more likely to go out of his way to make sure that Solar Energy fails. He makes his money through Oil.
    As for the tax payer having paid for the Solar research - at least he's not paid anything towards it - he's smart.

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    Re: 150 billion spent in eight years to increase clean energy by 1 percent

    Register to remove this ad.
    It really doesn't matter from an economical standpoint how many companies fail or succeed because the money involved goes back into circulation where others can earn it either a little bit or large chunks of it at a time. As long as it continues to circulate for the good of the entire population, there is no problem of success or failure. The benefit of a successful venture is that it will result in the employment of more people. But using this as a political paddle in order to spank the person in office is just plain silly.

    It's the removal of money from the system to either stuff in one's mattress or invest in the stock market that harms the economy.

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