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    Green Graveyard: 19 Taxpayer-Funded Failures

    While there’s speculation over which federally supported green energy company may be the next to declare bankruptcy, plenty have already gone belly up. In one of the most extensive compilations to date, Heritage has identified 19 bankrupt green energy companies—unable to make it even with the $2.6 billion in financial … More

    Obama, Biden Both Lauded Now-Bankrupt, Stimulus-Funded Ener1

    The president’s energy agenda took a hit on Thursday, as yet another stimulus-backed energy company filed for bankruptcy. Videos have surfaced since then showing both Obama and Vice President Biden praising the company’s promise, drawing the attention of congressional investigators. As Scribe reported yesterday, Ener1 submitted a pre-packaged bankruptcy plan … More

    Another Stimulus-Backed Energy Company Files for Bankruptcy

    After months of financial turmoil, an Energy Department-backed lithium ion battery company has filed for Chapter 11 bankruptcy protection. The company, Ener1, received a $118 million grant from DOE in 2010 as part of the president’s stimulus package. The money, which went to Ener1 subsidiary EnerDel, aimed to promote renewable … More