Taxpayer-backed green energy company ECOtality filed for chapter 11 bankruptcy protection on Monday.
The news followed weeks of turmoil in which the company laid off employees and ceased filling orders for its electric vehicle charging stations.
The Energy Department, which awarded the company about $115 million in stimulus funds to produce those chargers, suspended payments last month.
This is the reality of the DOE Stimulus Loan Guarantees, bankruptcy galore. How is that Green Jobs Sector looking now?