Jigar Shah | Scaling the Gigaton Decarbonization Economy Ep.83

Get a 15% discount to attend Midwest Solar Expo with discount code: CPH15. www.MidwestSolarExpo.com/, the premier B2B solar and clean energy event in the region. The first Tesla Model S came to be with an initial half-billion-dollar loan from the Department of Energy.  SpaceX was saved by a loan from NASA. The might of the federal government paired with the indomitable will of an entrepreneur equals a bridge to bankability.  A successful model exists for scaling up decarbonization, and a tenacious entrepreneur’s first step is to the front door of the Loan Program Office.Jigar Shah is the Director for the Loan Program Office at the U.S. Department of Energy (DOE).  Previously, he founded SunEdison and served as President and Co-Founder of Generate Capital.  In his current role, Jigar works with technologies that are ready to scale the transition to a global clean energy economy.  He oversees the planning and execution of the organization’s over $40B of authority within manufacturing, innovative project finance and tribal energy. On this episode of Clean Power Hour, Jigar joins Tim to discuss historical patterns in green energy financing, the many viable technologies still awaiting commercialization and how to identify your best and highest use professionally.Listen in for a deep dive into decarbonization technology funding complete with rich detail, directly from a legitimate pioneer in the field.Key TakeawaysHow a DOE loan to an industry  sparks lending confidence from private banks down the lineThe influence of state-level policies on lending, e.g.: California’s electric vehicle (EV) mandates Jigar’s take on why strong will and heart is required to reach the “bridge to bankability”Why the Loan Program Office is a safe place for founders unfamiliar with commercializationThe perceived tension between improving existing technologies and deploying them as-isWhat equity stage a company should be when applying for a DOE loanExamples of long-established technologies plagued by inertia: green cement and green hydrogenThe differences at play in decarbonizing steel vs. cementThe learning curve benefit: a doubling of adoption of technologies equals 20% lower priceWhy the process of discovery is worth losing m Support the showConnect with Tim Clean Power Hour Clean Power Hour on YouTubeTim on TwitterTim on LinkedIn Email [email protected] Review Clean Power Hour on Apple PodcastsThe Clean Power Hour is produced by the Clean Power Consulting Group and created by Tim Montague. Contact us by email: [email protected] Corporate sponsors who share our mission to speed the energy transition are invited to check out https://www.cleanpowerhour.com/support/The Clean Power Hour is brought to you by CPS America, maker of North America’s number one 3-phase string inverter, with over 6GW shipped in the US. With a focus on commercial and utility-scale solar and energy storage, the company partners with customers to provide unparalleled performance and service. The CPS America product lineup includes 3-phase string inverters from 25kW to 275kW, exceptional data communication and controls, and energy storage solutions designed for seamless integration with CPS America systems. Learn more at www.chintpowersystems.com

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