Spectacular failure made Solyndra a household name and highlighted failures in the Department of Energy’s loan guarantee program. Since then, energy companies like Beacon Power, A123 Systems, Abound Solar and others have fueled the narrative that DOE made bad bets on risky clean energy programs.
Today, Taxpayers for Common Sense released a report that pointed to Southern Company as the next project with potential to blow up in the federal government’s face. The Department of Energy has considered granting a $8.33 loan guarantee in order to build two nuclear reactors in Georgia. The problems that have plagued the program so far may point to disaster down the road.