Some of President Barack Obama’s top donors and fundraising bundlers are partners in Amonix Inc., the latest Solyndra-like corporate crash. The company has announced a layoff of 200 workers — two-thirds of its workforce — despite a federal green-technology tax credit of $5.9 million in 2010. (more)
Texas Gov. Rick Perry may have cursed his memory when he forgot the Department of Energy during a Republican debate in Michigan, but some in the heating and air-conditioning industry would certainly like to also forget the DOE. (more)
The Department of Energy, which issued a $118.5 million grant to the now bankrupt battery company Ener1, is describing a fresh infusion of $80 million in private capital as a sign that the company’s technology “has merit.” (more)
Indiana-based electric car battery manufacturer Ener1 filed for Chapter 11 bankruptcy on Thursday. The battery maker received over a quarter of the federal stimulus money granted to projects in the state of Indiana under the American Recovery and Reinvestment Act fo 2009, a state which was the second highest recipient of federal stimulus money. (more)
Newly surfaced confidential documents show credit agency Standard and Poor’s considered Beacon Power — a now-bankrupt green energy storage company — a risky investment, even with the $43 million loan guarantee President Barack Obama’s Energy Department was planning to, and eventually did give the company. (more)
The buyers of Chevrolet’s taxpayer-subsidized Chevy Volt hybrid have an average income of $170,000, but still receive thousands in tax breaks for their purchases. (more)
American taxpayers are already on the hook for $535 million as a result of the Department of Energy’s loan guarantee for the now-bankrupt solar company Solyndra. Now they could owe up to $14.3 million more. (more)
House Oversight committee Chairman Rep. Darrell Issa believes Energy Secretary Steven Chu is in serious trouble. (more)
Energy Secretary Stephen Chu refused to apologize or admit any serious error in the handling of the Solyndra loan Thursday, leading one House Republican to call for his firing. (more)
Energy Department Secretary Stephen Chu will testify Friday that the $535 million loan to bankrupt solar panel company Solyndra was properly vetted and an unfortunate result in an otherwise successful program. (more)
The Obama administration urged officers of the struggling solar company Solyndra to postpone announcing planned layoffs until after the November 2010 midterm elections, newly released e-mails show. (more)
WASHINGTON (AP) — Top officials at the White House circulated a plan calling for the ouster of Energy Secretary Steven Chu and other top Energy Department officials as the administration braced for a political storm brewing over the failing solar energy company Solyndra. (more)
When solar company Solyndra was spiraling into bankruptcy, the Department of Energy paid a firm with heavy Democratic connections to analyze a potential bail out of the company — all while Solyndra execs continued to receive hefty bonuses for their work. (more)
The solar panel market will outgrow and “dwarf” the beer market, U.S. Secretary of Energy Steven Chu predicted Thursday. (more)
While taxpayers were left playing fiddle on the Solyndra Titanic, the bankrupt solar company’s CEO made off with a severance package worth nearly a half-million dollars. (more)
Solyndra is being investigated by the FBI, but that may just be the tip of the shovel-ready iceberg. (more)
The Obama administration has ordered an independent review of Department of Energy loan guarantees in the wake of a congressional investigation into the Solyndra scandal, NBC News reports. (more)
President Barack Obama’s Energy Secretary, Steven Chu, has agreed to testify about the failed solar energy company Solyndra before congressional investigators on the House Energy and Commerce Committee. The hearing, according to committee staff, will be on November 17. (more)
With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work. (more)
Congressional investigators want to obtain transcribed interviews with Department of Energy officials involved with the Solyndra scandal, including the author of the legal memo justifying the restructuring of the solar company’s loan, but the DOE has refused to submit, saying House Republicans don’t have that authority. (more)
