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Second Energy Department-backed Company Goes Bankrupt

In another showing of brilliant due diligence a second alt+energy company, funded with your tax dollars, bites the dust:

Second Energy Department-backed company goes bankrupt – The Hill’s E2-Wire.

Beacon Power Corp., which develops energy storage systems, filed for bankruptcy protection in the U.S. Bankruptcy Court in Delaware.

Beacon Power had received a federal loan guarantee to [...]