Posted on 08/15/2012 5:11:49 AM PDT by TurboZamboni
The Department of Energy announced the distribution of $43 million in funding for the development of energy storage technology that is “too risky for private-sector investment.”
The Aug. 2 press release said the recipients were chosen through two programs of DOE’s Advanced Research Projects Agency-Energy – the Advanced Management and Protection of Energy Storage Devices (AMPED) and Small Business Innovation Research (STTR).
“ARPA-E was launched in 2009 to seek out transformational, breakthrough technologies that are too risky for private-sector investment but have the potential to translate science into quantum leaps in energy technology, form the foundation for entirely new industries, and have large commercial impacts,” the press release said.
(Excerpt) Read more at cnsnews.com ...
“...too risky for private-sector investment...”
-— Translation -—
A losing proposition.
———A losing proposition.-——
I have consulted alternate sources with knowledge of moonbat speak and they render the translation as “political payoff using public money”
“gambling with house money”
This is not gambling, it is simple theft. None of these projects make economic sense. The only purpose of these projects is to take money from taxpayers and give it to the politically connected.
43 million and in two years they will say they invented a brick oven that stores heat for days, then they file chapter 11.
Any project that is “Too Risky For The Private Sector” is far too risky to waste my tax dollars on it. The problem with liberals is that they either don’t know or don’t care where all the money they waste comes from.
GREEN SCAM: 80% Of Green Energy Loans Went To Obama Donors - 19 Companies Went Bust
http://www.freerepublic.com/focus/f-news/2906481/posts
it’s good to be king.
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