Shift Key with Robinson Meyer and Jesse Jenkins cover image

Shift Key with Robinson Meyer and Jesse Jenkins

How Jigar Shah Thinks About Risk

Apr 24, 2024
Jigar Shah, overseeing $400 billion in DOE lending, discusses financing EV factories, geothermal wells, and more. Exploring cash flow, tech innovation, and risk in new projects. Analyzing investment risks in cutting-edge tech and the bridge to bankability. Evolution of clean energy technologies and challenges in the energy and automotive sectors. State initiatives for clean energy financing and local entrepreneurship support.
40:19

Episode guests

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Quick takeaways

  • The Department of Energy's Loan Programs Office has expanded lending authority to $400 billion to support innovative projects in solar, mining, EVs, and battery assembly, crucial for advancing climate change initiatives.
  • Industrial growth in the US via policies like the Inflation Reduction Act has led to the establishment of 500 new factories, aiming to revive communities with sustainable jobs and boost manufacturing and heavy industries.

Deep dives

The Transformation of the Department of Energy's Loan Programs Office

The Department of Energy's Loan Programs Office, under the Inflation Reduction Act and the Bipartisan Infrastructure Law, has significantly expanded its lending authority, enabling it to support projects focused on solar, mining, EVs, and battery assembly. With a tenfold increase in lending authority to $400 billion, the office provides funding for projects that face challenges in obtaining commercial loans due to new technology or extensive timelines for returns. This support is crucial for advancing climate change initiatives and decarbonization efforts.

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