Picking Losers
A high-technology electric car manufacturer and its related battery manufacturer are suing the Department of Energy, alleging the department improperly denied the companies a loan and leaked patented technology to competitors.
A high-technology electric car manufacturer and its related battery manufacturer are suing the Department of Energy, alleging the department improperly denied the companies a loan and leaked patented technology to competitors.
Those curious to know how Washington functions in the era of Barack Obama would benefit from reading a Dec. 17 item by Al Kamen in the Washington Post. Its 333 words pretty much sum things up.
Senate Majority Leader Harry Reid (D., Nev.) has been working to secure sweetheart deals for Chinese green energy firms, according to reports.
Energy Secretary Steven Chu wants to extend a wind production tax credit that will benefit firms like Ingeteam, a Spain-based energy conglomerate.
Former GSA administrator Martha Johnson said the Chevy Volt would save millions in a May 2011 speech on the government purchase of electric vehicles.
The Department of Energy awarded lighting giant Philips the $10 million L Prize despite the fact that the winning energy-efficient bulb failed to meet several contest criteria requirements, according to documents obtained by the Washington Free Beacon.
Rep. Jim Jordan (R., Ohio) grilled Energy Secretary Steven Chu over the political connections of many green energy companies that received Energy Department loans, at a hearing of the House Committee on Oversight and Government Reform Tuesday.
Energy Secretary Steven Chu said he would give himself a “higher than A-minus” grade on keeping gas prices low at a hearing of the House Committee on Oversight and Government Reform Tuesday morning.
GOP members say the Energy Department cut corners to approve a $1.6 billion loan to an Arizona solar firm with ties to the Obama administration. The inquiry into loans to First Solar, which both makes solar panels and assembles solar facilities, is the latest accusation in Republicans’ long-running investigation into the Energy Department’s green energy loan program.
The Department of Energy paid Dutch energy-giant Philips Global $10 million for its newest LED light bulb. Now the two are trying to figure out what to do with it. The bulb, which is slated to replace the 60-watt incandescent light bulb lawmakers banned in 2007, costs $50, well above the $1 consumers are used to spending on traditional bulbs and double the price of many existing LED lights.