Since I posted Headline at MIT Technology Review: (April 15, just below), it has been nagging at the back of my mind that "clean coal" projects probably were not exempt from the crony capitalist excesses of the eco-industrial complex. So there was likely more to the Peabody Energy bankruptcy story than simply deploring all the… Continue reading #Cleanfail
China just bought the battery manufacturing darling of the US DoE and the Granholm adminstration.A company that two years ago was one of the most promising U.S. innovators in the clean-fuel auto industry was rescued from collapse Wednesday. Its buyer: A Chinese auto-parts company.Wanxiang Group Corp., one of China's biggest parts makers, offered a $450… Continue reading And the winner the statists picked is… China
Here is a local #Greenfail noted by the Mackinac Center. Our former Governor's big bet on big batteries didn't work out: A123 Systems stock is trading at $0.82, down from $26.00. Click the link above at #Greenfail if you are not familiar with this corporatist morality tale. And, click the link below: This is not… Continue reading "Advanced Default and Battery Capital of North America"
Greg Main, the retiring head of the MEDC looks back on his accomplishments. This is his second term (his first stint was in the 1980s) as Michigan's chief economic planner, and it appears he has learned little from the experiences. "When I came back (in 2009), it was apparent that there was a good plan… Continue reading Naive hubris
FERC YOU!From the Wall Street Journal (requires registration):The Midwest Wind SurtaxYou'd think poor Michigan has enough economic troubles without the Federal Energy Regulatory Commission placing a $300 million to $500 million annual surtax on the state's electric utility bills. But on December 16 FERC Chairman Jon Wellinghoff announced new rules that would essentially socialize the… Continue reading Taxation in spite of representation
So, the battery technology bet our governor made looks premature. Neither recipient of Michigan's largesse, LG Chem nor A123, are mentioned re: this potential breakthrough.Printable batteries at 400 Watt hours per kilogram and other ARPA-E funded battery projectsCopyright 2005-2019
First the NYT, now Slate, recognize that Electric Vehicle subsidies are a boondoggle. This Slate article points out that the market for 4 seat electric hatchbacks with the appointments of a Cobalt, but priced like a BMW 335i, is composed primarily of those whose household income is over $200K, and "where weather, state regulations, and… Continue reading Electrolitism