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Unless you live in Maine, or read today’s Boston Globe, what follows may be unfamiliar to you. It was to me.
Remember Solyndra? This weekend, Beacon Power Corporation of Tyngsboro, Massachusetts filed for bankruptcy protection. In August, 2010, the Obama administration, through the Department of Energy, gave it a $43 million loan guarantee to build a plant in Stephentown, New York that opened in January, 2011. Here is what Beacon Power does. It makes, [f]ast-spinning flywheels [that] can…
Within a Treasury Department audit report released on April 3, we learn – not surprisingly – the review process for government-backed Solyndra loan was rushed thanks to Department of Energy pressure, and the fact the review process itself was undefined.
Remember in early 2010 when President Obama ordered that all construction on the proposed nuclear waste site at Yucca Mountain be halted? Since then we have heard little about the topic. However, on July 29, the Blue Ribbon Commission on America’s Nuclear Future, formed by President Obama last year, issued its draft report, and it is…
As you know the House Energy and Commerce Committee is conducting hearings into the loan provided by the Department of Energy to the now bankrupt Solyndra. This Friday Solyndra’s CEO, Brian Harrison, and its CFO, W.G. Stover, were expected to testify.
Remember in February, when President Obama decided to cease any further work on the construction of America’s only long term nuclear waste site at Yucca Mountain? The President’s decision caused Secretary of Energy Steven Chu to withdraw the application to have the facility licensed. As it turns out, that may not be happening after all. Yesterday,…