July 19, 2012

Bringing home the bacon

A solar energy company in Senator Harry Reid's district has joined the long list of similar companies who have tanked after receiving large Federal (ie: our tax dollars) subsidies. From the Las Vegas Review-Journal:
Amonix closes North Las Vegas solar plant after 14 months, heavy federal subsidies
The Amonix solar manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants, has closed its 214,000-square-foot facility about a year after it opened.

Officials at Amonix headquarters in Seal Beach, Calif., have not responded to repeated calls for comment this week, but the company began selling equipment, from automated tooling systems to robotic welding cells, in an online auction Wednesday.
Sorry guys. I have said it before and will say it again; there is no green energy. Chasing after that chimera is wasted energy and money. Green energy is a fiscal rat-hole. Want energy? Thorium reactors, fusion (these people not these people), hydro. The technology is out there waiting for us to start using it... Posted by DaveH at July 19, 2012 6:33 AM
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