Topic: Beacon Power Corporation
A few falling acorns (Solyndra and A123) don't mean the sky is falling on clean technology. Far from it. The federal government’s track record on supporting green energy tech is an enviable one. And this investment is improving America’s energy, economic, and environmental fortunes.
High-tech battery-maker A123 Systems, which under Obama got $250 million in federal energy grants, filed for bankruptcy Tuesday. Mitt Romney may look to capitalize in future presidential debates, but he'll need to tread carefully.
Romney pans Obama's subsidies for 'green' energy, citing Solyndra and other high-profile failures. Obama has far more green energy winners than losers so far, but his strategy is risky.
Beacon Power, like Solyndra a recipient of a federal loan guarantee under the DOE's renewable energy program, has declared bankruptcy, leaving taxpayers to pay the tab. But the firm is tiny. Bigger ones are out there.
10/31/2011 08:08 pm
Since sunlight and wind can be unreliable, renewable utilities install big backups.
03/22/2009 01:00 am