The Hill | Another “Solyndra” Scandal for the Obama Administration

The White House is facing fresh political headaches over energy loans as a second Energy Department-backed company goes bankrupt and Republicans prepare to subpoena White House internal communications on the failed solar company Solyndra.

Beacon Power Corp., the energy storage company that received a $43 million Energy Department (DOE) loan guarantee last year, filed for bankruptcy over the weekend, prompting a fresh wave of GOP criticism of the embattled DOE loan program.

The filing comes two months after California solar-panel maker Solyndra — which received a $535 million guarantee in 2009 — went belly-up.

The Republican National Committee highlighted Beacon’s bankruptcy in a stream of tweets Monday, while the GOP’s point man on the Solyndra probe, Rep. Cliff Stearns (Fla.), called out President Obama directly.

 

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