U.S. DOE’s Jigar Shah on financing clean energy projects to deploy them at commercial scale
U.S. DOE’s Loan Programs Office manages $46 billion in financing to scale next-generation energy infrastructure. Director Jigar Shah discusses breakthrough technologies, clean energy ventures & LPO’s role in a just energy transition.
Ep 2-10 Commercial Funding for Grid Innovation with Jigar Shah
Grid Forward Chats
How does the US Department of Energy Loan Office actually work to finance clean energy? Audrey Lee of Microsoft asked the source, the new director Jigar Shah. The conversation highlights a number of breakthroughs in the energy sector and how senior debt from the federal government helps accelerate them. Hear how Jigar describes the role of the loan office, how they plan to put their billions of dollars of funds to use, and how you can get involved.
With $40 billion in lending authority, the Loan Programs Office is one of the Energy Department's most powerful clean energy investment tools. We sat down with Director Jigar Shah to talk about how LPO works, and what's in store for the future of energy.
Jigar Shah Has $40 Billion. What Will He Do With It?
In this episode: Emily’s conversation with Jigar Shah, the co-founder of Generate Capital.Jigar is one of the most well-known entrepreneurs and investors in the world of climate tech. He helped pioneer a financial model that allowed solar to scale massively in the US. He’s been responsible for financing billions of dollars in clean energy projects. Today, he runs the loan programs office at the Department of Energy — directing the power of the government to finance zero-carbon energy.This conversation was recorded in 2018 in front of a live audience at Powerhouse’s headquarters in Oakland, CA. Powerhouse partners with leading corporations and investors to help them lead the next century of clean technology innovation. Our fund, Powerhouse Ventures, invests in founding teams building innovative software to rapidly transform our global energy and mobility systems. You can learn more about Powerhouse at https://www.powerhouse.fund/
Celebrate the fifth anniversary of Smart Energy Decisions with this conversation between Founder and Editorial Direction John Failla and clean energy industry pioneer Jigar Shah, who has changed the way businesses approach technology to both save money and improve their impact on the environment. Jigar, who is currently President and Co-founder of Generate Capital, is the creator of “no money down solar.” While sustainable energy was once viewed as a money pit with benefits to the environment coming at the expense of the company, this innovation paved the way for businesses to access renewable energy – and enabled SunEdison to become the largest solar services company in the world. Join John and Jigar for surprising insights on Jigar’s career in the energy space, and his thoughts on where it is headed You will want to hear this episode if you are interested in... What do you need to support a trillion-dollar industry? [3:18] How we’re doing today with our business models [14:30] Two promising technologies that are almost ready [16:30] Where is renewable thermal energy going? [21:55] What does it mean to make a change? [23:48] Emerging areas of support [30:20] What’s next for Generate Capital? [39:30] Why are people focused on local services? [45:16] Jigar’s proudest accomplishments [53:35] How Jigar’s spirituality gives him perspective at work [1:09:25] How did Jigar become a leader in sustainable energy? In this episode, John speaks with Jigar about his life-long journey to environmental change. Jigar had been on that path for years. Though his thoughts weren’t yet organized, writing his book brought everything together in a comprehensive way. At that time, impact investing was considered to be a sacrificial move without consideration of a return. But Jigar knew it could be worth so much more. Investing in the environment should be profitable. And, if businesses could experience the effectiveness of green energy, they’d be excited to jump on board. What does the cost of renewable energy look like? As with any technology, the more renewable energy is used, the more is learned. The process will become more streamlined as newer and better equipment is created. Jigar says that’s what is going to reduce the cost of green technologies. Once the cost structure comes down, more applications will be found. Such is the case with green hydrogen. For example, Plug Power’s fuel cell block is now able to be mass manufactured. Their production cost is coming down faster than 5-megawatt fuel cells made by other companies. Jiger wants companies to copy what he’s doing and make renewable energy more common. More companies being involved means exponential, positive impact on the environment. What’s next for Generate Capital? Originally considered a specialty finance company, Generate Capital is now known as a sustainable infrastructure platform. If something in an investment goes wrong, they have a responsibility to resolve that issue. As a result, they also help with leadership development within the companies that use their platform. How do they maintain their position as a strong company? Before investing, they check that a company has proven technology, customers in place, a known supply of feedstock, and a solid operating history with the ability to scale. Success in sustainable energy depends on local government, community support, and the stability of businesses. The future of Generate Capital will be a continuation of their proven methods: finding reliable ways to increase profits while reducing environmental impact. Other companies will need help getting from one level to the next. Generate Capital will provide the boost for the company to move in the right direction. When a company realizes how self-reliant it can be, it has the freedom to operate in confidence. Resources & People Mentioned For sponsorship packages and details, please email tim@smartenergydecisions for more information Jigar Shah President and Co-Founder of Generate Capital Creating Climate Wealth: Unlocking the Impact Economy Larry Fink on CNBC Plug Power Connect with Jigar Shah Follow Jigar Shah on LinkedIn Connect with Jigar on Twitter @JigarShahDC Jigar Shah is the President and Co-Founder of Generate Capital, the leading investment and operating platform for sustainable infrastructure. Founded in 2014, Generate Capital is the only “one-stop-shop” for pioneers leading the Resource Revolution. Prior to Generate, as the Founder and CEO of SunEdison (NASDAQ: SUNE), Shah pioneered “no money down solar”, which unlocked a multi-billion-dollar solar market and became the largest solar services company worldwide before its acquisition by MEMC. Shah’s decades of experience in renewable energy consistently show that business model innovation and entrepreneurship are two of the keys to proving that sustainability pays. Connect With Smart Energy Decisions https://smartenergydecisions.com Follow them on Facebook Follow them on Twitter Follow them on LinkedIn
Cleaning Up. Leadership in an age of climate change.
Further reading:Jigar’s Wikipedia entryhttps://en.wikipedia.org/wiki/Jigar\_ShahRepublican Congressman to Oil and Gas Industry: ‘No More Subsidies’ - Jigar Shah argues for an end to fossil fuel subsidies—and a phase-out of clean energy subsidies.https://www.greentechmedia.com/articles/read/republican-congressman-to-oil-and-gas-industry-no-more-subsidiesGenerate Capitalhttps://generatecapital.com/Creating Climate Wealth: Unlocking the Impact Economy (on Amazon)https://www.amazon.com/Creating-Climate-Wealth-Unlocking-Economy/dp/0989353109The Energy Gang podcasthttps://www.greentechmedia.com/podcast/the-energy-gang
Jigar Shah, Founder of SunEdison & Generate Capital
Jigar Shah is an author, entrepreneur, venture capitalist, and Co-Host of “The Energy Gang” podcast. With a lifetime of experience in sustainable infrastructure, Jigar founded the alternative energy firm SunEdison, which pioneered the “No Money Down” approach to proliferating solar installations. Currently, he is the President and Co-Founder of Generate Capital, a venture fund dedicated to funding infrastructure projects worldwide. In this interview Jigar talks to Aaron about the impact green energy has had in the job market, the role private sector enterprises can fill the void in lieu of public sector action, and his rejection of pessimism in regards to climate change and the future of society. Keep up with Jigar on LinkedIn and Twitter @JigarShahDC. Check out his work at Generate Capital, on the Energy Gang podcast, and read his book Creating Climate Wealth: Unlocking the Impact Economy.This podcast is produced by Therma, a smart refrigeration monitoring company. Follow Therma on Twitter, Facebook, and LinkedIn. Learn more about Therma's Point 01 Initiative and the imperative for clean cooling at climate.hellotherma.com