By Douglas V. Gibbs
Beacon Power Corp. is an energy storage company that received $43 million from the federal government. Beacon Power filed for bankruptcy after struggling to raise private financing.
Green energy is a losing bet, and the government can't make it succeed. It is up to the market to decide, not the government. Then again, is this about green energy, or is it about giving money to companies that have political connections?
-- Political Pistachio Conservative News and Commentary
Beacon Power, Backed by U.S. Loan Guarantees, Files Bankruptcy - Business Week
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