No such thing as a free lunch or free energy
The Independence Institute’s Todd Shepherd, along with this blog, have spent two years covering, and ultimately exposing, what is now the Abound Solar scandal. Understandably, much of the focus is now on Weld County District Attorney Ken Buck’s criminal investigation as well as a Congressional Oversight Committee inquiry into the bankrupt solar panel manufacturer. Recently […]
CO Solyndra: Pat Stryker’s Abound Solar Goes Bankrupt
Pat Stryker’s Abound Solar “will close its doors and file for bankruptcy” next week according to the Department of Energy (DOE) blog. Because the bankruptcy means roughly $70 million in lost taxpayer money, we take no joy in saying that “we told you so.” Back on January 11, 2012, we wrote: Unfortunately for taxpayers who […]
CO Solyndra: Pat Stryker's Abound Solar Goes Bankrupt
Pat Stryker’s Abound Solar “will close its doors and file for bankruptcy” next week according to the Department of Energy (DOE) blog. Because the bankruptcy means roughly $70 million in lost taxpayer money, we take no joy in saying that “we told you so.” Back on January 11, 2012, we wrote: Unfortunately for taxpayers who […]
Pat Stryker waiting for more taxpayer money to fund Abound
Leftist billionaire heiress Pat Stryker is waiting to see if taxpayers via the Department of Energy (DOE) will throw another $10 million at Stryker’s failed thin-filmed solar panel manufacturer Abound Solar before she puts any more of her own money into the Colorado-based company reports Eric Wesoff of GreenTech Media: The firm awaits $10 million from the […]
More problems Abound
Lux Research, a self-described “independent research and advisory firm providing strategic advice and ongoing intelligence on emerging technologies” including solar, predicted that 2012 will not be kind to Colorado’s Abound Solar. Lux’s Matt Feinstein wrote in PV Magazine: Abound. One of the more prominent CdTe start-ups, Abound has been plagued recently by several departures from its […]
Pat Stryker and the West Wing
White House visitor logs reveal that a “Pat Stryker” had a meeting in the West Wing in October 2009 according to the Sunlight Foundation. So far Sunlight has been unable to confirm if the meeting was with the Pat Stryker, Abound Solar investor, billionaire heiress, and Obama bundler. Although, it’s hard to believe that another […]
Re<C: Wrong answer for Google
Just as I finally learned what “Re<C” means, Google is abandoning its financially unsustainable project. The acronym stands for Renewable Energy Cheaper than Coal. No wonder I didn’t know what it meant. The equation is all wrong. Paul Chesser, an associate fellow for the National Legal and Policy Center, reports that Google came face to […]
Abound Solar's connections to $400 million
This column appeared originally on Townhall Finance. Crony capitalism Abound: anatomy of a taxpayer-guaranteed loan By Amy Oliver Cooke By now it’s obvious that the Solyndra scandal never should have happened. It’s not even a case of Monday morning quarterbacking. A number of people involved could see the disaster coming. There is a larger principle […]
