The lesson from Amonix is clear: As with Solyndra, Beacon Power, and so many others, the latest fiasco demonstrates that the federal government shouldn’t be running an energy hedge fund
In addition to Solyndra, Beacon Power, and a host of other “Stimulosers,” we can now add solar panel manufacturer Amonix to the list of federally-backed alternative energy companies jeopardizing taxpayer funds. The latest embarrassment is especially relevant in light of this week’s planned vote on the “No More Solyndras Act” [.pdf], which would discontinue new loan guarantees and would limit the DOE’s discretion in approving pending applications.
