The U.S. Energy Department plans to offer up to $4B in loan guarantees to renewable energy projects, focusing on advanced electric grid technology and storage, biofuels that can be used in conventional vehicles, energy from waste products and energy efficiency improvements.
Despite the high-profile collapse of Solyndra, the Obama administration believes most of its energy investments have done well, and it credits the program with strengthening the U.S. solar industry.
China Bak Battery (CBAK -16.8%) plummets after SA contributor Richard Pearson decides to call the company and ask about reports that it would be supplying lithium-ion batteries to Kandi Technologies (KNDI -1.1%). Unfortunately for shareholders, the rumor turned out to be just that, as CBAK says they aren't doing any business with KNDI. (See also: Pearson's 2012 article on CBAK)