Reminiscent of the hundreds of millions of taxpayer dollars Obama
dispersed to failed green energy ventures, a struggling solar energy
company that received millions from the Biden administration is about
to fold.
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December 20, 2023
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Reminiscent of the hundreds of millions of taxpayer dollars Obama
dispersed to failed green energy ventures, a struggling solar energy
company that received millions from the Biden administration is about
to fold. The northern California firm is called SunPower and it is
dedicated to energy storage and solar power. Last summer the
Department of Energy (DOE) gave it a $6.7 million grant and earlier
this year it received a $1.4 million contract from the National
Aeronautics and Space Administration (NASA). This week SunPower shares
are down sharply following a Securities and Exchange Commission
(SEC) filing warning of “substantial doubt” about its ability to
continue operating.
Read More
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