More Obama Green Energy Sucess stories
That Green economy is going gang
busters….
It’s
a stunning fall for an alternative energy company once viewed by the
administrations of President Barack Obama and Governor Deval Patrick as a key
component of a clean-energy driven economy. The US Department of Energy pumped
hundreds of millions of dollars into A123, including a nearly $250 million grant
to build an automotive battery plants in Michigan .
Obama
administration officials did not immediately respond to requests for
comment.
“AOne
sold the majority of its products at a gross loss, meaning it cost AOne more to
make the product than it could sell it for,” said Andrea James, a senior
research analyst who followed the A123 for Dougherty & Co. LLC in Minneapolis .. “It does no
good to be an industry leader in a money losing
business.
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