Energy Department Can’t Locate $500,000 in Stimulus Money

The Energy Department can’t figure out how hundreds of thousands of dollars in “green energy” stimulus money earmarked for manufacturing equipment was spent, according to a new report from the agency’s Inspector General. DOE’s IG stated in a July 2012 audit report that $500,000 of equipment bought with stimulus money to fund the Advanced Batteries and Hybrid Components Program cannot be located. The authors of the report examined three recipients of stimulus money: A123 Systems, Inc., Delphi Automotive Systems and Johnson Controls, Inc...more