Deval Patrick Takes the Wind out of
Barack Obama’s Green Energy Sails
Do you recall in 2010 that Governor Patrick promised that the world would become our customer in Massachusetts through public funding for MA green energy companies?
This was prior to the job losses associated with the bankruptcy filings of Evergreen Solar, Beacon Power and Konarka Technologies in Massachusetts-and before Boston Power left for China.
REMEMBER WHEN THESE GREEN PROMISES WERE MADE BY THE PATRICK ADMINISTRATION?
A SECOND RESTRUCTURING
Secretary of Energy and Environmental Affairs Ian Bowles
Restructuring Roundtable
December 17, 2010
“…Governor Patrick has said many times, if we get clean energy right, the world will
be our customer. It is happening, right before our eyes. Earlier this week, I convened a
meeting of the CEOs of a couple dozen Massachusetts clean energy companies – and
every one of those companies is growing. Companies like EnerNOC, a leader in
demand response that is building out an exciting suite of energy management services
and taking them across the country. Companies like Second Wind, which is
manufacturing innovative wind measurement systems, and partnering with WindPole
Ventures, another Massachusetts company, to establish a pilot wind measurement
network in southeastern Massachusetts. TPI Composites, a leading manufacturer of
wind turbine blades, is opening an R&D center in Fall River, in part to be in proximity to
the Wind Turbine Testing Center now under construction in Charlestown, with support
from U.S. Department of Energy. With help from the Massachusetts Clean Energy
Center, Beacon Power, A123 Systems, and Premium Power are expanding their
Massachusetts operations as they lead the way in innovations for electric vehicles, grid
storage, and other energy storage needs. And Flo-Design, a company that has won
awards and DOE funding for its innovative shrouded turbine design, has set up its
corporate headquarters here, and will manufacture its first turbines here in
Massachusetts.
That will be the fruit of the second restructuring of the electricity market in
Massachusetts. The laws we have in place have given us the framework, but we are still
learning how to use that framework to greatest effect – and to get us where we want to
go. I can promise you that I will continue to work toward that goal in my new life in the
private sector. And I hope I can count on all of you to work with my worthy successor,
Rick Sullivan, to realize Governor Patrick’s clean energy vision.”
http://www.mass.gov/eea/docs/eea/restructuring-roundtable-2010.pdf
FAST FORWARD TO 2012…
ARE THESE PUBLICLY-SUBSIDIZED COMPANIES IDENTIFIED BY THE PATRICK ADMINISTRATION FLOURISHING IN MA?
EnerNOC
NASDAQ: ENOC former VP Phil Giudice served as undersecretary to Ian Bowles EOEEA
Forbes May 14, 2012
Who’s a Fat Cat?
Who’s the Most Overpaid?
"The most overpaid executives are at Comverge and EnerNOC, both in absolute millions of dollars, and as a percentage of market capitalization."
Boston Herald April 16, 2010
‘State energy agency awards $10M pact to chief’s ex-firm’
“State energy commissioner Phil Giudice’s former employer, EnerNOC Inc., was recently awarded a $10 million economic-stimulus contract by Giudice’s own department, raising ethical questions from a top government watcher.”
Susan F. Tierney former Assistant Secretary by US Department of Energy, Secretary-Environmental Affairs by State of Massachusetts Dr. Susan F. Tierney is Independent Director at EnerNOC, Inc., She also served on the board at Evergreen Solar, Inc.
At $10 million, the Enterprise Energy Management System (EEMS) contract represents nearly 20 percent of State Energy Program funding awarded to Massachusetts by the U.S. Department of Energy under the American Recovery and Reinvestment Act (ARRA).
EnerNOC, based in Boston, reported Monday that its fourth-quarter losses amounted to $28 million, or $1.08 per share, on revenue of $26.8 million. Analysts were expecting a loss of $1.01 per share on revenue of $28.1 million, according to FactSet
More on EnerNOC-
http://bjdurk.newsvine.com/_news/2012/04/07/10891513-massachusetts-green-bubble-alert-enernoc
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FIRST WIND AND SECOND WIND
First Wind Boston-based First Wind CEO and President Paul Gaynor Massachusetts Governor Deval Patrick’s appointed Co-chair of “The Climate Protection Advisory Committee” under the Global Warming Solutions Act. First Wind Paul Gaynor is also co-chair of the Mass Department of Environmental Protection Advisory Committee “Low Carbon Energy Supply Subcommittee.”
First Wind CEO, Deval Patrick’s appointed green policy Paul Gaynor is also the:
Hawaiꞌi Free Press
‘Hawaii Wind Developer tied to Largest-ever asset seizure by anti-Mafia police’
Monday, March 28, 2011
By Andrew Walden
Paul Gaynor, CEO of First Wind stood comfortably with Hawaii Governor Neil Abercrombie, Rep Mazie Hirono, and HECO CEO Dick Rosenblum at the grand opening of the Kahuku Wind energy project on Oahu’s North Shore Thursday. As he should.
First Wind–formerly known as UPC Wind--got its start in wind energy by launching Italy’s IVPC--a company now subject to a record breaking asset seizure by Italian police. The Financial Times September 14, 2010 explains:
Italian anti-mafia police have made their largest seizure of assets as part of an investigation into windfarm contracts in Sicily. Officers confiscated property and accounts valued at €1.5bn belonging to a businessman suspected of having links with the mafia.
Roberto Maroni, interior minister, on Tuesday accused the businessman – identified by police as Vito Nicastri and known as the island’s “lord of the winds” – of being close to a fugitive mafia boss, Matteo Messina Denaro.
General Antonio Mirone, of the anti-mafia police, said the seized assets included 43 companies – some with foreign participation and mostly in the solar and windpower sector – as well as about 100 plots of land, villas and warehouses, luxury cars and a catamaran. More than 60 bank accounts were frozen. [cut-continue reading]:
http://www.hawaiifreepress.com/main/ArticlesMain/tabid/56/articleType/ArticleView/articleId/4008/Hawaii-Wind-Developer-tied-to-Largestever-asset-seizure-by-antiMafia-police.aspx
2-24-2012 Boston Globe reveals concern expressed by Senators Kerry and Brown about the economic health of publicly subsidized Second Wind.
“In Somerville, Second Wind, which makes equipment to measure wind speeds and generate other data, has already had orders delayed or canceled and has laid off workers as result of uncertainty about the tax credit, Kerry and the company said.
“There are too many companies right here in Massachusetts that are already feeling the effects of an expiring wind production tax credit,’’ Kerry said yesterday in a statement. “We simply cannot afford to lose jobs like this in an industry that is primed to help America retain its place as a global leader.’’
“Second Wind received a $500,000 loan from the Massachusetts Renewable Energy Trust to help develop the Triton.”
The Triton?
Second Wind is partnering with WindPole Ventures-
Secretary Bowles announced that Second Wind, WindPole Ventures, and MassCEC will partner to deploy a regional network of technology to gather wind resource information, which will provide high quality data to help the state make the most of its wind resource. Massachusetts is the first state in the nation to deploy this type of regional network.
More on First Wind-
http://bjdurk.newsvine.com/_news/2012/04/01/10888055-massachusetts-green-bubble-alert-first-wind
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TPI Composites Director is Director of First Wind, Patrick Wood III.
“After all, TPI Composites has also received accolades from Barney Frank, Debbie Wasserman Schultz, and President Obama. Iowa companies have received more than $160 million in Department of Energy stimulus grants. How unfortunate that some Republican contenders chose to endorse more of the same instead of taking the opportunity to explain the senselessness of such a system. One would think that the Iowa Straw Poll would have been the optimal event to explain the free market perspective rather than acquiesce to the demands for more corporate welfare…”
TPI Composites testified in front of the Senate Finance Subcommittee on Stimulus benefits, March 27, 2012.
But, TPI didn't mention their Turkish plans announced on March 21, 2012:
"TPI Composites, Inc and ALKE INSAAT have formed a joint venture company in Izmir, Turkey to manufacture large composite wind turbine blades."
TPI Composites Statement on Award of More than $9 million in Recovery Act Manufacturing Tax Credits from the Obama Administration, (read by TPI link below.
Mass Clean Energy Center (MassCEC) has awarded TPI a $250, 000 grant.
More on TPI Composites
http://bjdurk.newsvine.com/_news/2012/06/03/12037051-massachusetts-green-bubble-alert-tpi-composites
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Wind Turbine BladeTesting Center
“Executives from the wind power industry and government officials on Wednesday celebrated the opening of the center, which cost about $40 million to build. Funding included a $24.7 million award from the American Recovery and Reinvestment Act, announced in May 2009, along with $13.2 million in grants and loans from the Massachusetts Clean Energy Center.”
Wind Turbine Testing Center’s first customer is Clipper Wind (formed by an Enron Director)
James Dehlsen founded Clipper
Dehlsen on Enron Board for 3 yrs
The company’s game can be seen in its involvement with James Dehlsen, a member of the board of the radical World Watch Institute who founded Zond Corporation in 1980 and served as Chairman of the Board until its acquisition by Enron Corporation in January 1997. As Chairman Emeritus of Zond, he served on the Board of Enron Wind Corporation until March 2000. Dehlsen served as an advisor to the Department of Energy’s Wind Program, testified at the first U.S. Senate hearings on global warming, and was a delegate to the climate change conference in Kyoto, Japan.
More on the Wind Turbine Blade Testing Center-
http://bjdurk.newsvine.com/_news/2012/04/12/11165394-massachusetts-green-bubble-alert-wind-turbine-blade-testing-center
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Beacon Power
Institute for Energy Research
November 4, 2011
The Monday after Beacon Power filed, The Hill carried the story:
A Massachusetts company that received a $43 million Energy Department loan guarantee last year filed for bankruptcy Sunday, a step certain to fuel criticism of federal green energy financing in the wake of the solar company Solyndra’s collapse.
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‘A123 gets $249m in stimulus funding’
Watertown-based battery maker plans to build Mich. Factory
A123 previously received $100 million in economic incentives from the Michigan Economic Development Corporation to build a factory in Livonia, Mich., and that will be the first facility built with the federal money, the company said. [cut]
Dec. 29 (Bloomberg) -- Fisker Automotive Inc., which is beginning to sell plug-in electric sports cars, said it is recalling 239 Karma cars in the U.S. because of a battery defect supplier A123 Systems Inc. announced last week. [cut]
Consumer Reports' $100K Fisker Karma dies on arrival
More on A123 Systems that just received delisting notice-
http://bjdurk.newsvine.com/_news/2012/03/27/10887207-massachusetts-green-bubble-alert-a123-systems-aone
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Premium Power
The DOE has allocated Premium $7.32 million for energy storage projects for utilities Sacramento Municipal Utility District and The National Grid. The DOE describes the group of projects as a 3-year-long effort to produce “multi-megawatt, long-duration advanced flow batteries for utility grid applications,” that will include “engineering of fleet control,” and “manufacturing and installation of seven 500-kW/6-hour TransFlow 2000 energy storage systems in California, Massachusetts, and New York.”
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FloDesign
Advisor-MA Executive Energy and Enviroment Secretary Ian Bowles
Conspicuously absent in the news since their awards of multi-millions in state and federal loans and grants is FloDesign wind turbine company. It should raise eyebrows that FloDesign Advisor Ian Bowles simultaneously served as Massachusetts Executive Secretary of Energy and Environment and Founding Chairman of the Clean Energy Center that granted FloDesign a $3 million dollar ratepayer-funded package.
WILBRAHAM, Mass. (WWLP) - A Wilbraham company that is developing wind turbines to be used as a renewable energy source, has received an $8.3 million dollar federal stimulus grant.
Read more on Flo-Design
http://bjdurk.newsvine.com/_news/2012/03/27/10889807-massachusetts-green-bubble-alert-flodesign