Tag Archives: solyndra

Beacon Power (BCON) Latest DOE Fueled Green Energy Failure; Ener1 (HEV) Next?

Several weeks ago, Solyndra became the biggest blight of Obama’s green energy initiative not long after questions were raised about the cash dumped into Evergreen Solar which too ultimately failed, but it doesn’t and won’t end at solar.  On Sunday night, Beacon Power (BCON), which makes flywheel technology to recycle unused power, filed for bankruptcy protection. 

Granted Beacon’s loan guarantee was less than a 1/10th of Solyndra’s at $43 million of which $39 million … Read the rest