Shazam!! Another Taxpayer Backed "Green Energy" Company Goes Belly Up

Posted by Brian

Second Energy Department-backed company goes bankrupt
By Ben Geman- 10/31/11 07:04 AM ET

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.
Read More at The Hill
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