Obama's Stimulus Keeps the Solar Power Dream Alive for Start-ups

March 9, 2009 RSS Feed Print
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While BrightSource may have found a way to build its first plant without government backing, analysts say, the stimulus will certainly help. "The financing just wasn't there in this climate," says Brian Fan, director of research at the Cleantech Group, a San Francisco research firm. "But now, existing projects in the pipeline, especially renewable-generation projects that have good strong companies behind them like BrightSource, will be considered very favorably."

BrightSource execs recognize that they can't get ahead of themselves. They have yet to break ground at Ivanpah, and the plant, even if it goes up on schedule, won't begin operations until at least 2011. Still, as he leaves what he hopes will be the worst of the company's financial problems behind, Jenkins-Stark is willing to talk about solar energy's big dreams once again. "I think we have the ingredients to be the largest solar technology developer and owner of solar assets in the world," he says. "I've seen this movie before, but this time, it's real."

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energy,
Obama administration,
energy policy and climate change,
renewable energy,
economic stimulus

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Harvesting Clean Energy of OH 7:54AM October 19, 2010

Neither Brightsource nor PetroAlgae are U.S. companies and yet Barack Obama misleads the public for his masters at Goldman Sachs in both cases..

Florida where the Grin brothers of Israel's Petroalgae scam is officially headquartered has,like Nevada, been used by Israeli criminals for years with the U.S. governments’ blessings to run penny stock ‘share-money laundering’ ops and fraud against its own people and sending their dollars to offshore accounts of Israeli and other colluding criminals with Washington D.C. connections.

Below is a little about the recent Goldman Sachs collusion with the notorious Israeli stock and money laundering criminals the Grin brothers’ PetroAlgae fraud.The Grins are in turn connected to Austrian Jewish billionaire Martin Schlaff who is part of the racist Israeli Finance Minister Avigdor Liebermann’s crime family.

This is the thanks Americans get for the bailout

or stock collapse fraud of Goldman Sachs in 2008.It would appear that Goldman Sachs works with Israeli criminals still to steal and launder money on U.S.stock exchanges including the penny stock market or ‘shorting’ Fannie Mae and Freddie Mac while the SEC of Bloody Mary Schapiro and ex SEC Chair Chris Naked Shorts Cox use the sec.gov site to purposely, fraudulently and criminally lie that those shares were ‘naked shorted’ instead – no doubt by Overstock.con CEO Patrick Byrne’s ‘Sith Lord’ !:

http://www.ecobizwatch.com/read/goldman-swims-downstream-for-petroalgae-ipo

NEW YORK – No customer is too tiny for Goldman Sachs Organisation Inc (GS.N) these days, even a association with no income that’s owned by a sidestep account specializing in penny stocks.

In a pierce which astounded a little observers, Goldman progressing this month emerged as the co-lead physical education instructor on an primary open charity for PetroAlgae (PALG.OB), a development-stage association which is perplexing to emanate oil from algae.

Florida-based PetroAlgae, which skeleton to lift up to $200 million in the offering, has mislaid $58 million over the past 3 years.

The renewable appetite record it is perplexing to rise is innovative, and pick start-ups are perplexing to gain on it as well. But PetroAlgae is by no equates to a personality in the field. And distinct one of its rivals, it doesn’t have dollars issuing its way from Exxon Mobil Corp (XOM.N), which is awaiting to siphon $600 million in to the rising industry.

Rather, PetroAlgae’s categorical devotee is an $800 million New York sidestep fund, Laurus Capital Management, run by brothers Eugene and David Grin, who are most appropriate great known for investing in in isolation placements of cash-strapped micro-cap companies.

The IPO could assistance the brothers and their investors to monetize one of their funds’ 94 percent equity interest in PetroAlgae…..

Tony Ryals of CA 1:06AM October 14, 2010

Barbara Boxer, senator from California is a strong supporter of Israel and is the one who won this contract from Dept of Energy.

BrightSource Industries (Israel) Ltd. ("BSII"), formerly known as Luz II Ltd., headquartered in Jerusalem, is a wholly-owned subsidiary of BrightSource Energy.

Jobs listed under website (http://www.brightsourceenergy.com/careers/) are ALL in Israel as if you can't find programmers in the bayarea when unemployment is 10%? Only job they are going to give is in low wage construction while high end R&D occurs in Israel.

This Israeli shell company lists ALL Israeli executive team: http://www.brightsourceenergy.com/bsii/team/....NOT ONE American, Asian, Black.....ALL Israeli dual citizens. Good luck getting promoted if you don't belong...

The truth is that this Israeli company gets US taxpayer money while they create good jobs in Israel, channel profits there, make money off of US land and give only temp contruction jobs in the middle of the desert.

tew of CA 11:58PM February 23, 2010

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