Gustavo Bernal Torres
The Man in Charge of How the US Spends $400bn to Shift Away from Fossil Fuels
The Department of Energy’s loan programs office was ‘essentially dormant’, says Jigar Shah, its head – but now it’s ready to bankroll clean energy projects.
The department’s loan programs office (LPO) was “essentially dormant” under Donald Trump, according to its head, Jigar Shah, but has now come roaring back with a huge war chest to bankroll emerging clean energy projects and technology.
“We’ve called every one of those companies that have been labeled climate tech, whether it’s green chemicals, green cement, green steel,” he said. “It doesn’t matter who it is, we’ve called them and said, ‘Hey, let me introduce you to the loan programs office, so now we can help.’”