29 Feb '12, 6pm

Not Another Solyndra: Bright Automotive Closes Doors, Cites DOE Loan Process

Not Another Solyndra: Bright Automotive Closes Doors, Cites DOE Loan Process

Ever since Department of Energy loan-recipient Solyndra closed its doors this summer, the whole “green energy loan” process has been under intense scrutiny by Republican politicians. Cries of “crony capitalism” have been the rallying cry against green energy loans to fledgling companies, but here is one example where the DOE loan process came up short. Bright Automotive is shutting its doors, over three years after they first put in a loan request with the DOE.

Full article: http://gas2.org/2012/02/29/not-another-solyndra-bright-au...

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