List-of-failed-obama-green-energy-solar-companies/

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Below is a list of failed energy companies backed by President Barack Obama and funded with tax dollars. President Obama has gone to great lengths to support policies to advance so-called green energy technologies but so far has met with utter failure. The President plans to double down on these unproven, expensive failed technologies if he gets a second term.

In his acceptance speech at the DNC in Charlotte, President Obama announced his plans to continue support of these same green energy technologies despite the fact that they remain unproven alternatives to gas, coal and oil. Most green energy or “renewable” energy developments currently being tested are years away from being put to a practical use.

President Obama has proven himself to be a rigid ideologue who is unwilling to let go of the failed policies that plagued his first term. This has many Americans fearful of the future of the United States. As of now there is no technology or renewable energy on the planet that can lift an airplane off the ground and keep it in the air or propel a cargo ship across the vast ocean-ways.

Most Americans are asking, “Can the United States of America REALLY afford FOUR MORE YEARS of President Obama?

List Of Failed Green Energy Jobs & Companies – By Obama

Update: 7/19/12: The Amonix Solar: FAIL! – manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants given by Obama Administration, has closed its 214,000 square foot facility a year after it opened.

• Solar Trust of America: FAIL! - Filed Bankruptcy in Oakland, CA, April 3, 2012 – On April 2, 2012
  
• Bright Source: FAIL! - Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Lost Billions of dollars but Getting More Money To Keep Trying. Can you say, “This isnt working?”
  
• Solyndra: FAIL! - Obama gave Solyndra $500,000,000 in taxpayer money and Solyndra shut its doors and laid off 1100 workers in August 2011 After Billions in Losses due to failure to make a solar product that works!
  
• LSP Energy: FAIL! - LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012
  
• Energy Conversion Devices: FAIL! – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy
  
• Abound Solar: FAIL! - Abound Solar received a $400 million loan guarantee from Barack Obama announced in June, 2012 that it would file for bankruptcy
• SunPower: FAIL! - SunPower stopped producing solar cells last year at near bankruptcy restructured only with help of, get this, oil giant TOTAL who owns 60% stake. Irony! Still struggling…
  
• Beacon Power: FAIL! – Beacon Power Corp filed for bankruptcy Oct 2011 just a year after Obama approved $43 million loan Government loan guarantee
  
  
• Ecotality: FAIL! - ECOtality, a San Francisco green-tech company that never earned any money on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from Obama
  
• A123 Solar: FAIL! -A123 received $279 million from taxpayers thanks to President Obama’sDepartment of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M
• UniSolar: FAIL! - Uni-Solar filed for Ch 11 bankruptcy in June 20 this year laid off hundreds got more Obama money still failing but still in business
  
• Azure Dynamics: FAIL! - Azure Dynamics files for bankruptcy in June wasting millions in Obama “Stimulus” and tax credits. Azure Dynamics LLC filed for bankruptcy protection in Canada and the US. Azure laid off 120 of its 160 employees in Oak Park; Boston; Vancouver, British Columbia; and the UK.
  
• Evergreen Solar: FAIL! - Evergreen Solar received $527 Million in Taxpayer money from Obama filed bankruptcy
  
• Ener1: FAIL! received more than $100 million in government funding from the Obama administration filed for bankruptcy January 2012

Update: In May 2012 Obama visited a dusty, desert town 30 miles outside Las Vegas Wednesday to declare he’s doubling down on failed federal efforts to boost the solar industry which has NEVER proven to produce a single working product. Like Socialism, no evidence ot works, but they just keep doubling down on the failed ideals!.

Republicans believe Obama is gambling with taxpayer dollars as he continues to aggressively push alternative forms of energy proven to be more than 20 years off in working effectively and being affordable. After the failure of Solyndra, which resulted in the loss of half a billion dollars in taxpayer dollars President Obama is going to give America more of teh same: FAIL.

This is one of those interesting left-wing ideas which works theoretically as long as it’s not real,” Republican presidential candidate Newt Gingrich charged on the campaign trail Wednesday. “And then you put in a half billion dollars and you go, ‘Oh that didn’t quite work.’”

Obama sharply disagrees and used the world’s largest solar power plant of its kind — with one million solar panels dotting the desert here — to assert it is his critics who are out of touch with reality.

“some companies will fail, some companies will succeed.”-Pres. Obama

But None you have backed have succeeded. Your record is 0 for 300, rather 0 for $6 Tillion in taxpayer debt.


And many many more on the horizon…
Mar 29, 2012

Obama’s Epic Fail of Solar and Green Energy Companies

Washington- At his weekly press briefing today, Congressman John Boehner (R-West Chester) called on the Obama administration to provide information the House Energy & Commerce Committee has requested pertaining to the $10 billion taxpayer dollars that have been spent on the Energy Department’s failed Solyndra-style Section 1603 ‘stimulus’ loan program.

The Congressman has vowed that oversight of the administration’s policies and their impact on job creation will be a major focus for the House this year. Congressman Boehner also highlighted House Republicans’ continuing focus on addressing rising gas prices and creating a better environment for private-sector job creation with the American Energy Initiative. Following are video and excerpts of Congressman Boehner’s remarks:

ON REPUBLICANS’ EFFORT TO HOLD THE ADMINISTRATION ACCOUNTABLE FOR ITS FAILED DEPARTMENT OF ENERGY ‘STIMULUS’ LOAN PROGRAM:

“You know, I made clear earlier this year that oversight of the Obama administration’s policies on jobs, on the economy, and its spending taxpayer dollars was going to be a priority.

Two weeks ago, Chairman Upton at the Energy & Commerce Committee began looking into the Department of Energy’s Section 1603 grant program, a Solyndra-style ‘stimulus’ program that offers cash payments to renewable energy companies. More than $10 billion – that’s with a ‘b’ – $10 billion has been spent on this, and Secretary Chu said it created ‘tens of thousands of jobs,’ except there’s no evidence to support that.


“The Energy & Commerce Committee set a deadline for today for the Energy Department & Treasury Department to produce documents or information about what taxpayers got for their $10 billion. The administration thus far has failed to provide the committee with any information to justify this claim.” “Listen, the American people continue to ask the question ‘Where are the jobs?’ They deserve answers and they deserve the truth.”

ON THE NEED FOR BIPARTISAN, COMMON-SENSE SOLUTIONS TO EXPAND AMERICAN ENERGY & ADDRESS SOARING GAS PRICES:

“Instead of wasting taxpayer dollars on failed ‘stimulus’ programs, we should be working together on common-sense solutions to expand American energy production and address rising gas prices. With or without the Democrats’ cooperation, Republicans here on Capitol will continue to work toward this objective.”

ON HOUSE REPUBLICANS TAKING ACTION TO ADDRESS SOARING GAS PRICES WITH THE AMERICA ENERGY INITIATIVE:

“One month ago today, during a conversation at the White House, I was encouraged by the president’s willingness to discuss the possibility of working together on some of the bipartisan, House-passed energy bills. Many of these bipartisan proposals have received support from the president’s own jobs council. But gas prices have gotten worse, and the administration has taken absolutely no action. Republicans aren’t going to wait for the Obama administration to act on behalf of families and small businesses.

“Yesterday, the HEAT team launched the next phase of the American Energy Initiative focusing on rising gas prices. This phase include bills – for example – to responsibly increase energy production on federal lands and freeze new regulations on refineries that will have a harmful impact on our economy. Our committee chairmen are hard at work on both additional legislation to address this issue.”

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