Department of Energy
The chief executive of electric car maker Tesla Motors says his company plans to pay back an Energy Department loan in half the time required by the government.
Energy Secretary Steven Chu, the Nobel Prize-winning former director of the Lawrence Berkeley National Laboratory, announced his resignation Friday, according to the U.S. Department of Energy.
The failed solar power company Solyndra LLC is asking a Delaware bankruptcy judge to confirm its proposed reorganization plan over objections from government attorneys.
Government attorneys are urging a Delaware bankruptcy judge to reject the proposed reorganization plan of failed solar power company Solyndra LLC.
Energy Secretary Steven Chu testified Thursday that no one from the White House ever contacted him to make a political decision on a half-billion-dollar loan to a Fremont solar company that later went bankrupt.
The Obama administration wanted the failing solar energy company Solyndra to delay announcing employee layoffs last year until after the 2010 midterm elections, Republican investigators say.
The chief executive of Fremont solar company Solyndra, whose bankruptcy led to a Congressional investigation of federal energy loan guarantees, has resigned.
Top executives from a bankrupt Fremont-based solar energy company have declined to testify before a congressional hearing investigating their half-billion dollar government loan.
Federal analysts looking at a proposed loan to a Bay Area solar energy company in 2009 warned then of possible problems, as well as pressure from the White House to speed up a decision, according to a memorandum released by a Congressional committee.
A congressional memorandum indicates that even as the executives of a solar energy company assured members of Congress that their finances were improving, a different story was being prepared behind the scenes.