U.S. declares national energy emergency

This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.

RickN

Eye Bleach Salesman
Supporting Member
Special Hen Supporter
Joined
Sep 7, 2009
Messages
25,475
Reaction score
34,423
Location
Edmond
Great!!!!

Is this then going to lead to another instance where government "funds" another solar company such as Solyndra?

Wikipedia - Solyndra

"Government support

Solyndra received a $535 million U.S. Department of Energy loan guarantee, the first recipient of a loan guarantee under President Barack Obama's economic stimulus program, the American Recovery and Reinvestment Act of 2009. The loan program took a $528 million loss from Solyndra. Additionally, Solyndra received a $25.1 million tax break from California's Alternative Energy and Advanced Transportation Financing Authority. SoloPower also received similar funding from the U.S. Department of Energy.

Following the bankruptcy, the government had expected to recoup $27 million under the Solyndra restructuring plan, or up to 100% of loaned funds from a $1.5 billion lawsuit filed against Chinese solar-panel makers for alleged price fixing. The outcomes of the lawsuits were that, in November 2015, Yingli Green Energy Holding Co Ltd. settled a claim filed by Solyndra for $7.5 million, and in April 2016 Trina Solar Ltd. settled a claim filed by Solyndra for $45 million. In June 2016 a Stipulation Of Dismissal was filed jointly between Solyndra and Suntech Power Holdings Co Ltd. and later signed by Hon. Saundra B. Armstrong on November 30, 2017."
They will probably try to build more flash fryers, I mean solar collector units.

"Crescent Dunes was developed with $737 million in U.S. Department of Energy loan guarantees and run by a SolarReserve-linked entity called Tonopah Solar Energy. SolarReserve’s October lawsuit claimed the Department of Energy had gained control of Tonopah’s board in a bid to close Crescent Dunes after receiving NV Energy’s default notice."

https://www.greentechmedia.com/arti...olar-power-companies-have-all-but-disappeared
 

p238shooter

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Aug 16, 2012
Messages
3,681
Reaction score
2,878
Location
East of Tulsa
"These factors include disruptions to energy markets caused by Russia’s invasion of Ukraine and extreme weather events exacerbated by climate change."

Wondering how many people are OK with their house having no AC this summer and those with Electric Heat in the winter think Russia, Russia, Russia had anything to do with this?
 

Glocktogo

Sharpshooter
Supporting Member
Special Hen Supporter
Joined
Jan 12, 2007
Messages
29,486
Reaction score
15,866
Location
Collinsville
Great!!!!

Is this then going to lead to another instance where government "funds" another solar company such as Solyndra?

Wikipedia - Solyndra

"Government support

Solyndra received a $535 million U.S. Department of Energy loan guarantee, the first recipient of a loan guarantee under President Barack Obama's economic stimulus program, the American Recovery and Reinvestment Act of 2009. The loan program took a $528 million loss from Solyndra. Additionally, Solyndra received a $25.1 million tax break from California's Alternative Energy and Advanced Transportation Financing Authority. SoloPower also received similar funding from the U.S. Department of Energy.

Following the bankruptcy, the government had expected to recoup $27 million under the Solyndra restructuring plan, or up to 100% of loaned funds from a $1.5 billion lawsuit filed against Chinese solar-panel makers for alleged price fixing. The outcomes of the lawsuits were that, in November 2015, Yingli Green Energy Holding Co Ltd. settled a claim filed by Solyndra for $7.5 million, and in April 2016 Trina Solar Ltd. settled a claim filed by Solyndra for $45 million. In June 2016 a Stipulation Of Dismissal was filed jointly between Solyndra and Suntech Power Holdings Co Ltd. and later signed by Hon. Saundra B. Armstrong on November 30, 2017."
I can answer that question!

Yes
 

Latest posts

Top Bottom