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February 4, 2021
In the summer of 2010, Nina Eichacker was an intern at the US Department of Energy, analyzing the successes and failures of energy projects that received DOE funding. She didn’t realize that a high-profile failure was brewing right under her nose, and would soon put the department’s loan program one of the government’s biggest pots of money for clean energy innovation on ice.
Ten years later, Eichacker is among the economists urging the Biden administration to revitalize the program, which is currently sitting on $44 billion in unused, Congressionally-authorized clean energy loans and loan guarantees that quietly gathered dust under Donald Trump. The question is whether the administration is willing to stomach the toxic politics that festered around the program because of one misplaced loan: Solyndra.