U.S. Department of Energy Secretary Steven Chu Resigns
February 4, 2013 1:44 PM
He plans to return to California
U.S. Department of Energy Secretary Steven Chu announced Friday that he is resigning from his role, but a successor has not been named.
Chu, a scientist and Nobel Prize winner who assumed office in January 2009 as the 12th U.S. Secretary of Energy, had planned to leave for a few months now. When President Barack Obama took office after the November 2012 election, Chu told Obama that he wanted to return to his academic life in California, where he served as director of the Lawrence Berkeley National Laboratory.
Chu wrote a letter of resignation, which was published on Friday. He listed the department's many accomplishments while he was in office, such as the doubling of
clean, renewable energy
from wind and solar; helping one million low-income homeowners weatherize their homes; building, opening and retooling more than a dozen auto manufacturing plants for hybrids and EVs; launching the first national scale rooftop solar project, which will include commercial buildings in up to 28 states, and giving grants/loans to over 1,300 companies through the Recovery Act.
However, Chu's time as secretary hasn't been all roses and rainbows. The Department of Energy had been given $36 billion in stimulus money to spend, and Chu was criticized for giving some of the money to clean energy companies as loan guarantees and grants when they eventually filed for bankruptcy.
One of the most
notable failures was Solyndra
, a Silicon Valley-based solar panel company that received $535 million from DOE in 2009. The move was set to stimulate economic growth through environmentally friendly jobs, but in September 2011, Solyndra declared bankruptcy -- laying off 1,100 workers.
The biggest issue was that the money was given despite previous warnings of Solyndra's viability. Only days before the final approval, an email predicted that the project would run out of money in 2011. Another email from government staffers questioned the model the government was using, but said "given the time pressure we are under to sign off on Solyndra, we don't have time to change the model."
Reports state that the White House pushed the loan ahead despite warnings in order to meet political deadlines.
There were other green energy loan failures too, such as a $43 million loan guarantee to
in 2010 (the company filed for bankruptcy in November 2011) and a $118.5 million grant to
subsidiary EnerDel in 2009 (Ener1 Inc. filed for bankruptcy in January 2012).
Nevertheless, Chu has made great strides in efficient energy in the U.S. He said only 1 percent of the 1,300 companies filed for bankruptcy. He's also pushing for the continued support of green energy into the future.
"The test for America's policy makers will be whether they are willing to accept a few failures in exchange for many successes," wrote Chu.
Chu plans to keep his role through the end of February, but will then return to California. A successor has not been named yet, but a few candidates are former North Dakota Sen. Byron Dorgan, former Michigan Gov. Jennifer Granholm and former San Francisco hedge fund manager Tom Steyer.
You can read Chu's full resignation letter
U.S. Department of Energy
"My sex life is pretty good" -- Steve Jobs' random musings during the 2010 D8 conference
Battery Maker EnerDel/Ener1 Received $118M DOE Grant, Now Filing for Bankruptcy
January 27, 2012, 10:01 AM
DOE Deals Another Bad Energy Loan as Beacon Power Files for Bankruptcy
November 1, 2011, 10:03 AM
DOE Review: EVs, Grid Modernization to be Focus of 2013 Spending
September 30, 2011, 10:05 AM
$500 Million Wasted on Bankrupt Solar Panel Company; White House was Warned
September 14, 2011, 4:22 PM
PIQ ROBOTTM reveals its new artificial intelligence software
November 29, 2016, 12:59 AM
One more time - Happy Thanksgiving to Everyone Around the World
November 24, 2016, 4:00 AM
Google’s Smart Contact Lens Project gets halted for 2016
November 20, 2016, 7:00 AM
Cell Research Study shows African Americans have greater immune response to infection
November 10, 2016, 1:00 AM
UTHealth Clinical Trial Shows Progress Using Stem Cells to Treat Traumatic Brain Injury
November 8, 2016, 1:00 AM
Uber Partners with Circulation to Pilot Program Connecting Transportation and Digital Health Care
November 6, 2016, 5:00 AM
Most Popular Articles
Surface Pro 5 Rumors - New Release Date and Price
April 22, 2017, 6:45 AM
Dell Inspiron 17 7000 – A Premium Laptop featuring 7th Gen Intel Core i7 in a 2-in-1 Frame.
April 19, 2017, 7:45 AM
Tesla will announce electric lorry in September
April 19, 2017, 6:20 AM
SAPPHIRE PULSE Radeon RX 580 8GD5 – Great Value for the Money
April 20, 2017, 7:47 AM
Meet the Smartphone with four cameras - Alcatel Flashphone
April 5, 2017, 11:20 AM
Latest Blog Posts
Samsung Galaxy S8 and S8 Plus – Lots of Glass that Breaks Easily
Apr 25, 2017, 7:20 AM
Samsung Galaxy S8 – Warning for Pet Owners
Apr 24, 2017, 5:59 AM
Sound Bars and the Costs?
Apr 23, 2017, 6:30 AM
Link your Brain to Your Computer – In Four Years…Maybe
Apr 22, 2017, 7:03 AM
Google Home can now identify users by their voice.
Apr 21, 2017, 7:15 AM
Amazon Lex – Now Available for Developers.
Apr 20, 2017, 6:58 AM
You can now use Instagram offline on your Android Smartphone
Apr 19, 2017, 8:00 AM
Now you can livestream to YouTube from your mobile device.
Apr 18, 2017, 8:05 AM
Google Home – Is It a Spy Device?
Apr 17, 2017, 7:30 AM
Apple added to self –driving test permit list
Apr 15, 2017, 6:21 AM
Project Scorpio – Coming on June 11
Apr 14, 2017, 6:20 AM
Looks Like Samsung Has Been Forgiven.
Apr 13, 2017, 6:50 AM
United Airlines - Blasted on China’s Social Network and the Stock Market
Apr 12, 2017, 6:50 AM
Amazon's Third-Party Sellers Hacked
Apr 11, 2017, 6:25 AM
Microsoft Surface Pro5 Details Revealed
Apr 9, 2017, 6:41 AM
Own An Android Phone? Then you could be hacked over Wi-FI
Apr 7, 2017, 6:47 AM
Apple confirms iOS 10.3 bug and its effect on iCloud Services
Apr 6, 2017, 6:30 AM
Apple Rolls Out New Version of Apple Music
Apr 5, 2017, 10:35 AM
Apple in the News
Apr 4, 2017, 9:03 AM
Apple iPhones Will Soon Feature Graphics Chips Designed BY Apple
Apr 3, 2017, 6:23 AM
AMD Ryzen Desktop Processors Performance
Apr 2, 2017, 6:30 AM
More Blog Posts
Copyright 2017 DailyTech LLC. -
Terms, Conditions & Privacy Information