American Elephants


Are There ANY Clean Energy Successes? Just One? by The Elephant's Child

Obama hasn’t a lot to brag about in the way of economic recovery, so he’s trying his best to distract from the economy and turn your attention elsewhere. There is the War on Women, elevated from a matter of taxpayers not feeling that it is necessary for them to pay for women’s birth-control pills ($9. a month or less) into a vast right-wing conspiracy depriving all women of voting age of all rights to everything.  The Saga of Julia was just another attempt to make the ‘war’ more believable, but that didn’t work either. How about all his ‘investments’ in clean energy?

Can President Obama name one clean energy success? In an ad campaign from President Obama, a man claims his job was saved by President Obama’s meddling in the auto industry. The man works for Johnson Controls, a  company that received $299 million in taxpayer-funded subsidies from the stimulus and promised to build two factories in the United States. They built one in this country and will build the other one in Hungary. They will also be laying off workers in coming months.

A Congressional hearing on May 16 exposed more Obama Cronyism. BrightSource Energy received an even bigger loan guarantee from DOE than Solyndra did. They received $1.6 billion in April last year. Their CEO claimed that  the Ivanpah project would create 1,400 jobs, which would amount to $1,43 million per job. The BrightSource chairman was nominated to be Commerce Secretary, and the company has become known as “politically connected.”

First Solar received $1.46 billion in loan guarantees, but announced last month that it will lay off another 2,000 employees. On May 7, they reported lst quarter losses of 8 cents a share, a 12% revenue decline.  They are expected to join Solyndra in bankruptcy soon.

Willard & Kelsey Solar Group has gone bankrupt, but claimed they only received money from Ohio taxpayers, but they actually got $6 million from Obama’s green energy loan program as well.

A123 Systems, an electric car battery maker who shipped faulty batteries to Fisker  Automotive, has seen its stock fall to $1 and is filing for bankruptcy. They got $279 million from taxpayers

Solar Trust for America declared bankruptcy on Monday after receiving a conditional commitment of $2.3 billion in loan guarantees from the Dept. of Energy. Secretary Chu hailed it as “the largest amount ever offered to a solar project.” But they never got the money.

Abound Solar announced on 2/29/12 that they were laying off 280 workers, a 70% reduction in their workforce. They received 400 million from DOE’s loan program.

Ener1, a lithium-ion battery maker filed for bankruptcy. Ener1 owns EnerDel which received $118.5 million from Obama’s “green” energy stimulus plan.

Amonix, a solar company touted by President Obama in 2010 has laid off 200 of its 300 employees. They got $5.9 million.

These energy companies were supported by Obama’s energy stimulus, and are failing or have already filed for bankruptcy.  There are lots more stories , and more will come out over time.  It will probably be buried on the back pages of compliant media, who hope you won’t notice.

  • Evergreen Solar
  • SpectraWatt
  • Solyndra (received $535 million)
  • Beacon Power (received $43 million)
  • AES’ subsidiary Eastern Energy
  • Nevada Geothermal (received $98.5 million)
  • SunPower (received $1.5 billion)
  • First Solar (received $1.46 billion)
  • Babcock & Brown (an Australian company which received $178 million)
  • Ener1 (subsidiary EnerDel received $118.5 million)
  • Amonix (received 5.9 million)
  • The National Renewable Energy Lab
  • Fisker Automotive
  • Abound Solar (received $400 million)
  • Chevy Volt (taxpayers basically own GM)
  • Solar Trust of America
  • A123 Systems (received $279 million)
  • Willard & Kelsey Solar Group (received $6 million)
  • Johnson Controls (received $299 million)

There are also loans to foreign clean energy companies. It is estimated that 80% of these loans went to President Obama’s campaign donors. The President claims that he has created 2.7 million clean energy jobs.  But it looks as if a remarkable number of those were considerably more temporary than expected.

ADDENDUM: More of Obama’s unfortunate “investments.”

  • Raser Technologies ($33 million grant) bankrupt.
  • ECOTotality $126.2 million for electric car chargers ($45 million in losses) insider trading investigation.

According to Peter Schweizer, 71% of Obama Energy Department grants and loans went to “individuals who were bundlers, members of Obama’s National Finance Committee, or large donors to the Democrat party. Collectively, they raised $457,834 for the Obama Campaign, and were in turn approved for grants or loans of nearly $11.35 Billion.” The Energy Department’s Inspector General has launched more than 100 criminal investigations” according to Politico, related to the department’s green energy programs.

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3 Comments so far
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Thanks for the list. If it is not too much work, could you identify which of the combined category of “failing or have already filed for bankruptcy” have already filed for bankruptcy?

Comment by Subsidy Eye

Evergreen Solar, Solyndra, Beacon Power, A123, Solar Trust for America, Ener1, Willard & Kelsey have all filed for Bankruptcy, the others have laid off workers massively, and are struggling. Beyond that I don’t know. Fisker cars — sexy looking, but for that price should be — just quit running unexpectedly. Tesla roadsters turn into bricks if not recharged quickly enough, Volts catch fire.

Have you noticed that wind energy has pretty much disappeared from the news? The Brits are saying publicly that wind energy is a fraud, that the promoters lied. Energy costs in Britain are up by 140%, and energy is the biggest worry for the public. Energy poverty is a real problem. They had laws forcing them to shut down aging coal-fired plants. A year ago, many elderly were buying used books at jumble sales for fuel. France is smug with all their nukes. Germany’s energy costs have doubled, they’ve lost interest in solar (they never had much sun in the winter anyway) and they are too scared of nukes to try that.

Solar energy does not work. It must be backed up 24/7 with regular power plants, and the sun doesn’t shine at night or in the evenings when most people want power. Wind was always sold on the basis of “capacity” which never happens. The wind, at best, is too intermittent. There are huge scandals lurking in the plain old graft involved.

The new Secretary of Commerce, whose name I forget, was CEO of BrightSource Energy, Obama backer, who just slapped huge tariffs on Chinese solar companies— around 60 of them. China has abandoned solar for their own use and is going for nukes. May help some struggling solar outfits here, bad for consumers and solar installers.This administration cannot stop interfering in the marketplace in ways that destroy jobs. Fortunately, everywhere there are big shale oil deposits to be developed.

Comment by The Elephant's Child

[...] intended to fulfill green ideology, not return on investment driven. We’re still looking for one clean energy success. Just [...]

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