Jigar Shah, Clean Energy Icon
Here’s a story about Jigar Shah, long-term friend and colleague, and how he finds himself in a position within the U.S. Department of Energy to make loans totaling hundreds of billions of dollars to companies in cleantech.
As the director of the DOE’s Loan Programs Office, Jigar will be shaping the future in terms of America’s transition from fossil fuels, in favor of renewables, efficiency, energy storage, and electric transportation. IMO, no one is better qualified for this position, if only because of his keen understanding of energy markets, and the imperative to make all this profitable to investors.
This subject is always top-of-mind for Jigar, as demonstrated in the title of his book: Creating Climate Wealth: Unlocking the Impact Economy.
Good news for everyone with lungs.
This may be seen as good news for investors — but it might not be good news for power uses — who will be paying for the “greener / cleaner power produced by investor owned / for profit companies and projects.
There is no mention of “not-for-profit”businesses or “cutting- edge technology endeavors being made eligible for the loans being offer through Mr. Jigar Shah’s control.