22 Oct '11, 1am

Obama DOE Picked More Energy Winners Than Silicon Valley VCs

Obama DOE Picked More Energy Winners Than Silicon Valley VCs

With just 1.4% of its Recovery Act clean tech investments in “losers”, it looks like the Obama administration is batting a much better average in “picking winners and losers” than the private Venture Capital (VC) market itself. The US government guarantee of a private loan to Solyndra , at $535 million, represented a minuscule 1.4% of the Department of Energy investment in all renewable technologies. By contrast – VCs (who were out $1 billion to Solyndra, for example) expect much higher failure rates. Richard Stuebi, who advises VCs on expected green energy failure rates, says that just 3 in 10 successes represents a successful VC investment strategy. That is 70% losers – not 1.4%. The argument against “picking winners and losers” that Republicans in congress have long cited to avoid clean energy investment got a poster boy in Solyndra, and they are flogging it to death. T...

Full article: http://cleantechnica.com/2011/10/21/obama-doe-picked-more...

Tweets

The Real Reason the Obama Administration Backed...

cleantechnica.com 22 Oct '11, 6am

The Obama administration had set a goal, for the public good, of cutting solar costs to $1 a watt installed by 2016. The r...

"How to run a successful startup"

"How to run a successful startup"

adesblog.com 24 Oct '11, 11am

“Silicon Valley Comes to Malaysia ” conference was a huge success, big thanks to the organizers Dash and Rebeca for bringi...

SEOmoz's Web 2.0 Awards - Just the Winners:

seomoz.org 23 Oct '11, 12am

Features Pricing & Plans Community SEO Blog YOUmoz User Blog Top Users Events SEO Industry Jobs Resources Learn SEO SEO To...

GEA Hosts Geothermal Plant Tour of Imperial Val...

renewableenergyworld.com 21 Oct '11, 1pm

“The facilities in the Imperial Valley exemplify the vast geothermal potential of Southern California and the nation,” sai...

Obama announces end of Iraq war, troops to return home by year end: President Obama announced Friday that the

Obama announces end of Iraq war, troops to retu...

lancerlord.blogspot.com 22 Oct '11, 7am

THE PRESIDENT: Good afternoon, everybody. As a candidate for President, I pledged to bring the war in Iraq to a responsibl...

DOE Recognizes Winners of 2011 Energy and Water...

edcmag.com 15 Oct '11, 1pm

U.S. Energy Secretary Steven Chu today applauded the winners of the 30th annual Federal Energy and Water Management Awards...