Embattled DOE-Grant Recipient Changes Name from A123 to B456

The Washington Free Beacon 3/28/2013

After bankruptcy, a buyout by a Chinese firm, and more than a hundred million dollars in taxpayer money, the lithium-ion battery maker A123 Systems, Inc., is getting a new name: B456 Systems, Inc.

A123, which produces batteries used in electric cars, has changed its name to B456, the company announced […]

Green-energy subsidy recipient a toxic waste problem?

Ed Morrissey Hot Air 2/26/2013

Abound Solar already has provided its share of irony in its brief time as a taxpayer-funded green-energy player. It went bankrupt last year after spending $70 million of a $400 million loan guarantee from the Obama administration, sparking a Colorado state investigation into investor fraud. Now this “green tech” firm […]

Steven Chu’s Combative, Defensive DOE Exit

Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.

 

Wynton Hall Breitbart.com Big Government 2 Feb 2013

After doling out 80% of the Department of Energy (DOE) loan program’s $20.5 billion to President Barack Obama’s top donors, taking three months to plug a […]

A123 Seeks Lobbying Firm to Secure $256 Million Sale

The Washington Free Beacon 1/2/2013

The bankrupt electric car battery manufacturer A123 Systems Inc. is looking to hire a lobbying firm to protect the company’s sale to China’s Wanxiang Group, according to Dow Jones…

…A123 Systems filed for bankruptcy in October after receiving $133 million of a nearly $250 million grant from the federal government. […]

Senate Passes Fiscal Cliff Deal

Pact Moves to House

Newsmax 01 Jan 2013

Hours past a self-imposed deadline for action, the Senate passed legislation early New Year’s Day to neutralize a fiscal cliff combination of across-the-board tax increases and spending cuts that kicked in at midnight. The pre-dawn vote was a lopsided 89-8.

Senate passage set the stage for a […]

Tesla CEO Buys $17 Million Mansion; Got $465 Million Govt. Loan

 

Wynton Hall Breitbart.com Big Government 29 Dec 2012

Taxpayers footed the bill for a $465 million loan to troubled electric carmaker Tesla as part of President Barack Obama’s “green energy” stimulus. But Tesla’s CEO Elon Musk is now riding high with the purchase of his new $17 million mansion.

Mr. Musk’s 20,248-square-foot hilltop […]