In his 2012 State of the Union address, President Barack Obama referred to a lab technician at Michigan’s Energetx Composites as an example of someone who had a job on subsidized alternative energy. government.
This employee seated with the first lady, and the mention of this employee was reported at that time by a number of media outlets, including Holland Sentinel, MLive, WDIV, WWJ, Michigan Radio, Lansing State Journal, Detroit Free Press, Macomb Daily and The Detroit News.
Energetx received $ 3.5 million to agree of the State Energy Program of the United States Department of Energy to produce large-scale wind turbines.
âAs a result of federal investments, renewable energy use has almost doubled and thousands of Americans have jobs because of it,â Obama noted at the time.
But just three years later, Energetx filed for bankruptcy, which was not reported by the mainstream press.
Energetx Composites has produced large-scale wind turbines and was named a Center of Energy Excellence by Governor Jennifer Granholm in 2010. It has received state and federal funding for the creation of green energy.
âEnergetx’s products have the potential to revolutionize the way wind turbine blades are made, helping to position Michigan as the center in North America for advanced green manufacturing,â Granholm said in a 2010 report. Press release.
The Michigan Economic Development Corporation, the state’s main office for grant distribution, has designated Energetx as a Renewable Energy Renaissance Zone. This gave him exemption from most taxes for 15 years, valued at over $ 27 million. The governor said the company would create up to 700 jobs and generate $ 18.4 million in private investment. But even after receiving a total of $ 7 million in grants from the state and US Department of Energy, the company filed for bankruptcy in 2015.
According to Holland Sentinel. Energetx officials said they were unable to receive loans from the bank to build a facility and were looking at other locations at the time.
But one of the few mentions of the company in a search after 2012 was a bankruptcy notice in 2015. A LinkedIn The company’s account is still active and indicates that it employs 50 to 200 people. But the company’s website link displays an error message, suggesting that its content has been removed.