Beacon Power Corporation, which filed for bankruptcy late last week, was the recipient of a $43 million loan guarantee from the Energy Department. Campaign contribution information from Open Secrets shows that Beacon Power’s CEO F. William Capp donated to both Barack Obama and two Massachusetts Democrats(Read More)
When will congress do away with the Energy Department??? How many more deal will we see??????
A Massachusetts company that received a $43 million Energy Department loan guarantee last year filed for bankruptcy Sunday, a step certain to fuel criticism of federal green energy financing in the wake of the solar company Solyndra’s collapse.
Beacon Power Corp., which develops energy storage systems, filed for bankruptcy protection in the U.S. Bankruptcy Court in Delaware.