Cleaning Up: Leadership in an Age of Climate Change The Future of Clean Tech Under Trump — Ep198: Jigar Shah
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Feb 26, 2025 Jigar Shah, former Director of the U.S. Department of Energy's Loan Programs Office, discusses the role of government in advancing clean tech. He highlights his efforts in committing over $100 billion in clean energy loans and addresses the challenges posed by the Trump administration. The conversation includes insights on advanced nuclear energy, clean hydrogen, and the competitive landscape between the U.S. and China. Shah emphasizes the need for trust between public and private sectors and the importance of entrepreneurship in driving innovation forward.
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From Critic to Director
- Jigar Shah was initially hesitant to lead the Loan Programs Office, even writing a 10-point critique of the program.
- The Biden administration addressed all 10 points, convincing him to join and transform the office.
Bridging the Financing Gap
- Clean tech companies often struggle to secure non-dilutive financing for large-scale projects.
- The Loan Programs Office aims to bridge this gap, offering loans without taking equity.
Adapting to New Sectors
- Expand loan offerings beyond traditional power purchase agreements to cater to diverse clean tech sectors.
- Consider the specific financing needs of each sector, such as green chemicals and sustainable aviation fuels.