U.S. Backed Green Companies Gone Bust

As of  February 2014, U.S. government loans to energy corporations that have gone bankrupt, shut down and/or been sold for pennies on the dollar, placing the taxpayer money lost thus far over $3 billion include the following:

  1. Solyndra: $570.4 million 
  2. Beacon Power: $67.4 million
  3. Abound Solar: $494.3 million 
  4. Vehicle Production Group (VPG): $50 million (green cars)
  5. Fisker Automotive: $160 million (green cars)
  6. A123 Systems: $390.1 million (energy storage-batteries)
  7. Amonix: $29.6 million
  8. Azure Dynamics: $119.1 million (green cars)
  9. Babcock & Brown: $178 million (leasing company)
  10. Cardinal Fastener & Specialty Co.: $400,000 (fasteners)
  11. Cephas Industries: 500,000 (waste4 recycling)
  12. ECOtality Inc.: $135 million (energy storage-batteries)
  13. EnerDel, subsidiary of Ener1: $182.8 million (energy storage-batteries)
  14. Energy Conversion Devices Inc. (ECD): $110.3 million
  15. Evergreen Solar, Inc.: $84.9 million 
  16. Flagbeg Solar U.S.: $20.2 million 
  17. GreenVolts: $500,000
  18. Konarka Technologies Inc: $55.7 million
  19. MiaSolé: $101.8 million
  20. Mountain Plaza, Inc.: $400,000
  21. Nordic WindPower: $8.6 million (wind)
  22. Olsen’s Crop Service and Olsen’s Mills Acquisition Company: $10.8 million (biomass to ethanol)
  23. Range Fuels: $162.3 million (biomass to ethanol)
  24. Raser Technologies: $33 million (geothermal)
  25. ReVolt Technology: $10 million
  26. Satcon Technology Corporation: $17 million
  27. SpectraWatt: $20.5 million
  28. Stirling Energy Systems: $17.4 million
  29. Suntech, subsidiary of Suntech Power: $2.1 million
  30. Thompson River Power LLC: $6.5 million
  31. Willard and Kelsey Solar Group: $12.7 million
  32. February 1, 2014–Xtreme Power: at least $600,000 in stimulus grants, and Xtreme Power is tied to two major projects that also received hundreds of millions in stimulus grants and loans.