• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • Department of Energy

    Conservatives Outline Policy Agenda Following Presidential Debate

    DENVER — Members of The Heritage Foundation’s policy team joined experts from across the country at the Conservative Political Action Conference in Colorado. The event included a surprise visit from former Governor Mitt Romney and speeches by Senators Orrin Hatch (R-UT), Marco Rubio (R-FL) and John Thune (R-SD). Heritage experts … More

    Energy Dept. Spends $10 Million on Water Turbine to Power 25 Houses

    Photo credit courtesy of NREL The first underwater turbine to make use of tidal energy went live last week in Maine, supported by a $10 million investment by the Department of Energy. The Ocean Renewable Power Company Maine’s Cobscook Bay Tidal Energy Pilot Project received the Energy Department money to … More

    Government Offers $10 Million Prize to Make Solar More "Cost-Competitive"

    U.S. Energy Secretary Steven Chu announced a new $10 million Department of Energy competition last week to reduce the price of installing solar panels. The goal is to make the technology more “cost-competitive” by the end of the decade. The prize is part of the SunShot Initiative, a program runs … More

    Ex-Im Bank Makes $2 Billion Loan for South Africa Green-Energy Projects

    The U.S. Export-Import Bank inked a $2 billion clean-energy loan offer with South Africa to help fund the country’s green-energy push and drum up sales for America’s renewable industry, according to an announcement made last week. The 18-year loans will target wind, solar and thermal power in particular, said Fred … More

    China's Wanxiang Poised to Take 80% Stake in DOE Grant Recipient A123

    A123, the U.S. manufacturer of green-tech batteries that received millions in government aid, today announced a “memorandum of understanding” between it and Chinese auto giant Wanxiang. It totals up to $450 million in a bailout of debt purchasing and other cash infusions that would grant Wanxiang 80 percent controlling interest … More

    Morning Bell: Solyndra Revelations Show It's Time to Close the "Bank of Washington"

    “The Bank of Washington continues to help us!” bragged Solyndra CEO Chris Gronet in emails released last week. An investigation by the House Energy and Commerce Committee revealed that Solyndra—the solar company that went under, taking more than $600 million in taxpayer funds with it—wasn’t ever supposed to be an … More

    Abound Solar: Doomed to Fail Because of Election-Year Politics, Investor Says

    One of Abound Solar’s venture capital investors blamed election-year political games for the collapse of the Colorado-based thin film solar panel manufacturer, according to a new interview. John Hill, discussing the demise of a company and technology he invested in both financially and emotionally, acknowledged that the company’s troubles could … More

    DOE Sent Millions to Solar Firm That Lacked 'Economically Viable' Product

    Amonix, the solar panel manufacturer whose Las Vegas plant ceased operations in May, managed to secure millions in federal grants and potential tax breaks even though its product had quality problems and was never really economically viable, according to sources. The politically connected company had the backing of Senate Majority … More

    Great Green Fleece: Air Force Spends $59 Per Gallon for Biofuel

    The U.S. Air Force spent $59 per gallon on biofuels for a demonstration last month intended to show the promise of the alternative energy source. That’s more than double what the U.S. Navy spent as part of its so-called Great Green Fleet demonstration. The total cost for the 11,000 gallons of … More

    Solar Company Leaders Blame China, Not Loan Process, for Bankruptcy

    Chinese government subsidies—as much as $35 billion—were responsible for the downfall of Abound Solar, not a flawed federal government loan-approval process, according to testimony delivered before the House Oversight and Government Reform Committee today. Executives from the bankrupt solar panel manufacturer pointed to predatory pricing by Chinese solar companies underwritten … More