From FOX News:
Another taxpayer-funded energy company files for bankruptcy
A cutting-edge battery maker that received millions from taxpayers has become the latest government-backed energy firm to file for bankruptcy – reviving the controversy over how stimulus dollars were spent under the last administration.
Seven years after Aquion Energy received a $5.2 million stimulus-tied grant from the federal government, the Pennsylvania company on Wednesday filed for Chapter 11 bankruptcy.
$5.2 Million of our tax dollars just got stuffed down a rat-hole. The irony is this:
In January, the company was named “the North American Company of the Year Award” at the annual Cleantech Forum in San Francisco, which “focuses on emerging trends, leading innovation companies, and key players in sustainable innovation.”
So less than 90 days from this prestigious award, the company is folding its tent. You would think there would be some measure of disclosure or transparency but this is a liberal alt.energy scam so noooooo. Going to be a fun auction I bet.