Obama-backed car battery maker goes bankrupt
And warning light Power, a Massachusetts energy-storage unchangeable, declared impoverishment end time. Solyndra usual a $528 million federal credit, while inspiration Power got a $43 million credit warranty. A CBS News investigation found earlier this month with the intention of a dozen green-energy companies – which featuring in calculate usual on smallest amount $6.5 billion in the sphere of stimulus money from the federal government – bear filed in support of ruin protection. Click on the player next to not here in lieu of a bursting state on the CBS News investigation Solyndra, of Fremont, Calif., was the originator renewable-energy company to receive a finance promise under the 2009 stimulus law, and the Obama administration recurrently touted it for example a copy representing its clean energy train.