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You are here: Home / Archives for solar company

Second Energy Department-Backed Company Goes Bankrupt

October 31, 2011 By Don

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.

Filed Under: Budget, Economy, Featured Articles Tagged With: Backed, bankruptcy protection, Congress, criticism, Energy Department, loan, Massachusetts company, Second, Second Energy Department-Backed Company, solar company

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