Another one bites the dust. Range Fuels, a cellulosic plant in Georgia goes down. Taxpayer losses, a mere $94 million. The first $46 million from George W. Bush, a great venture capitalist. The remaining from Obama, $42 million, the state of Georgia, $6, and private investors, $160 million. Total Range losses: $225 million. The fire sale auction raised $5.1 million. The buyer, LanzaTech, which, by the way, has been awarded millions in federal funding. Beacon Power already went down owing the DOE $39 million.
On the death watch list: A123 Systems and Enerl.
Keep in mind, Solyndra was only 2% of the Obama/Chu venture capital portfolio. Here’s a few more. Want to put some of your money in any of these?
If the government had any business risking your tax dollars in high-risk investments like these, who would you prefer to make the calls, Obama or Romney?
| 1366 Technologies | Solar Mfg | $150M | MA |
|---|---|---|---|
Solar Gen | $1.4B | AZ | |
| Abengoa Solar | Solar Gen | $1.2B | CA |
Solar Mfg | $400M | CO | |
Solar Gen | $967M | AZ | |
Solar Gen | $1.6B | C | |
Solar Gen | $90.6M | CO | |
| First Solar (Antelope) | Solar Gen | $680M | CA |
| First Solar (Sunlight) | Solar Gen | $1.8B | CA |
| First Solar (Topaz) | Solar Gen | $1.9B | CA |
| Fotowatio | Solar Gen | $45.6M | NV |
| Sempra Mesquite | Solar Gen | $398M | AZ |
| NextEra (Genesis) | Solar Gen | $852M | CA |
| Prologis | Solar Gen | $1.4B | US |
Solar Gen | $734M | NV | |
Solar Mfg | $197M | OR | |
Solar Mfg | $535M | CA | |
Solar Gen | $1.1B | CA |
