Another taxpayer-backed company goes bankrupt. Beacon Power Corp., an energy- storage company that received $43 million in backing from the U.S. program that supported failed solar-panel maker Solyndra LLC, filed for bankruptcy after struggling to raise private financing. The money-losing company, which makes flywheels that manage energy moving through ... MOREBLOOMBERG: More Tax Money Wasted On Green Energy
Another taxpayer-backed company goes bankrupt. Beacon Power Corp., an energy- storage company that received $43 million in backing from the U.S. program that supported failed solar-panel maker Solyndra LLC, filed for bankruptcy after struggling to raise private financing. The money-losing company, which makes flywheels that manage energy moving through ... MORE