Oh, rapture: Electric car-charger manufacturer/DOE grant recipient goes kaput

posted at 6:01 pm on September 20, 2013 by Erika Johnsen

Remember Solyndra, the solar-panel maker that received a more than $500 million loan guarantee from the Department of Energy only to eventually go belly-up and leave taxpayers on the hook for at least several hundreds of millions of dollars? …That was so 21012, Democrats might sputter angrily, and Republicans should really just get over it already and stop making such a hysterical fuss over such a trifling amount lost only in the name of an unquestionably noble cause.

Hmm. That might be passable advice, I suppose, if Solyndra had been a one-off instance of the federal government awarding generous subsidies to the renewable “investment” projects of their ideologically- and not market-driven preference, except that the continually steady stream of now failed ventures that have been victims recipients of the Obama administration’s largesse rather belie that dismissal.

The latest from just this week, via Reuters:

Ecotality Inc, a maker of charging stations for electric cars that won a $99.8 million grant from the U.S. Department of Energy four years ago, has filed for bankruptcy protection and said it plans to auction its assets next month.

The San Francisco-based company is among a growing number of U.S. alternative-energy companies that have struggled or succumbed amid consumer resistance to the high cost and restricted driving range associated with electric vehicles.

Ecotality and five affiliates filed for Chapter 11 protection on Monday night with the U.S. bankruptcy court in Phoenix. …

According to a court filing, the Energy Department is owed $6.5 million as the largest unsecured creditor of Ecotality affiliate Electric Transportation Engineering Corp.

Ecotality received their almost $100 million grant in 2009, the Obama administration and their cronies assured us that it was all a part of their master plan to help set up a network of charging stations for electric vehicles in major cities across the United States. How that failed to work out, I can’t imagine.

But don’t you think for one moment that Obama’s Department of Energy feels any kind of obligation to more carefully steward taxpayers’ money. They’re going to keep awarding loans and grants and subsidies whenever they damn well please — and to whomever they please, too. Ahem, via Lachlan Markey at the WFB:

The Department of Energy recently awarded a multi-million dollar contract to a green energy company financed by a major Democratic Party fundraiser and supporter of President Barack Obama.

The $4,000,000 award for biofuel company LanzaTech came just months after one of its chief financiers and public advocates hosted the president at his Portola Valley home for a $32,400-a-head fundraiser for the Democratic Party.

The fundraiser took place in June. DOE announced the award for New Zealand-based LanzaTech, designed to support a gas fermentation system developed by the company, on Thursday.


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Back to the future?

“That was so 21012″

E L Frederick (Sniper One) on September 20, 2013 at 6:07 PM

You get a large govt subsidy, and you STILL can’t make it?

/oh, snap @erika

Paul-Cincy on September 20, 2013 at 6:07 PM

And how much did this company’s executives donate to The Whine’s campaign.

rbj on September 20, 2013 at 6:08 PM

Another one bites the dust.

Kafir on September 20, 2013 at 6:10 PM

rbj on September 20, 2013 at 6:08 PM

Beat me to it…

CPT. Charles on September 20, 2013 at 6:12 PM

It’s the Chicago way. Youse gotta pay if you wants to play.

GarandFan on September 20, 2013 at 6:15 PM

We’re getting played and paying for it GarandFan

DanMan on September 20, 2013 at 6:23 PM

It’s almost as if this green energy stuff just isn’t profitable.

Even with taxpayer money.

Bitter Clinger on September 20, 2013 at 6:26 PM

Just the latest involving money laundering to taxpayer funds to the dems.

bgibbs1000 on September 20, 2013 at 6:27 PM

Ecotality = Economic Fatality

Bitter Clinger on September 20, 2013 at 6:28 PM

I can’t imagine anything tied to the DOE being screwed up in San Fransicko.

viking01 on September 20, 2013 at 6:32 PM

You mean San Francisco where O’boy goes to fund raise? Hmmmmm.

antipc on September 20, 2013 at 6:43 PM

The San Francisco-based company is among a growing number of U.S. alternative-energy companies that have struggled or succumbed amid consumer resistance to the high cost and restricted driving range associated with electric vehicles.

Yes people it is all your fault these companies have gone bankrupt. I mean if you would only pay $10,000 more for a car that can only go 75 miles before the battery runs out then this stuff would not be happening@! It’s all the fault of Republicans and the evil oil companies.

Johnnyreb on September 20, 2013 at 6:44 PM

No matter how much juice you pump into these losers they still can’t hold a charge.

ajacksonian on September 20, 2013 at 6:49 PM

Ecotality = Economic Fatality

Bitter Clinger

Thread winner

truth2power on September 20, 2013 at 7:10 PM

The Department of Energy recently awarded a multi-million dollar contract to a green energy company financed by a major Democratic Party fundraiser and supporter of President Barack Obama.

The $4,000,000 award for biofuel company LanzaTech came just months after one of its chief financiers and public advocates hosted the president at his Portola Valley home for a $32,400-a-head fundraiser for the Democratic Party.

The fundraiser took place in June. DOE announced the award for New Zealand-based LanzaTech, designed to support a gas fermentation system developed by the company, on Thursday.

…the nation is numb!

KOOLAID2 on September 20, 2013 at 7:57 PM

I’ll gladly donate $20.00 to President Choom if I can get a $4 million “loan” that I can default on. Where do I find the DOE loan applications?

RoadRunner on September 20, 2013 at 9:07 PM

Ecotality received their almost $100 million grant in 2009,

And how much did this company’s executives donate to The Whine’s campaign.

rbj on September 20, 2013 at 6:08 PM

I’m going to guess “almost $100 Million”.

BDavis on September 20, 2013 at 11:02 PM

But there was no quid pro quo

jaywemm on September 20, 2013 at 11:59 PM

Because draconian sequester cuts.

locomotivebreath1901 on September 21, 2013 at 6:17 AM

Oh, rapture: Electric car-charger manufacturer/DOE grant recipient goes kaput

Atlas Shrugged.

Dr. ZhivBlago on September 21, 2013 at 8:02 AM

Atlas Shrugged.

Dr. ZhivBlago on September 21, 2013 at 8:02 AM

You know it…

JohnGalt23 on September 21, 2013 at 9:04 AM

Obama’s war on coal-powered cars. ;)

ErnstBlofeld on September 21, 2013 at 10:43 AM

Let’s see if it meets the three basic Liberal Program Criteria:
1) Feels good.
2) Costs lots of money.
3) Produces little or no tangible results.

Yeah, pretty much.

Galtian on September 21, 2013 at 11:33 AM

Electric car re-fuelling ought to have been a non-starter.

If it takes hours to recharge, it doen’t matter how many re-fuelling stations there are. It’s just not feasible to make a long journey that way. Everyone knew this when the money was doled out. Everyone knows it now.

But they are going to keep on flogging this dead horse, aren’t they?

virgo on September 22, 2013 at 1:13 AM