A federal lawsuit has just been filed in Delaware regarding fuel cell maker Bloom Energy, alleging that the company benefited from cronyism and special treatment by the state government. In fact, an analysis of Bloom Energy's own past admissions reveals that "cronyism" may be the least of the company's problems: the "green" energy its generators produce may, in fact, be less efficient, more expensive, and dirtier than that produced by conventional alternatives.
Who is Bloom Energy? It is a private company, funded by Kleiner Perkins Caufield Byers, a leading venture capital firm. Kleiner Perkins has Al Gore on its team, and has Colin Powell as a strategic advisor and independent board member. Kleiner Perkins sets the pace for what happens on Sand Hill Road in Silicon Valley. (Editors' note: Bloom Energy failed to return request for comment.)Bloom Energy provides "green" energy generators that use solid oxide fuel cells. The fuel cell technology used by Bloom Energy has been around for more than fifty years. However, Bloom Energy claims it has improved on its performance, through proprietary breakthroughs in materials science.
Apparently not.
READ MORE: http://www.breitbart.com/Big-Government/2012/06/21/884-May-Be-Bloom-Energys-Fatal-Number-Fuel-Cell-Efficiency-Federal-State-Tax-Credits
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