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Jigar Shah Just Became One of the Most Important Players in the Energy Transition

A small office inside the Energy Department has a lot of money to deploy.

A windfarm on farmland near Brownsville, Texas. 

A windfarm on farmland near Brownsville, Texas. 

Photographer: Jordan Vonderhaar/Bloomberg

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Jigar Shah is the director of the loan office at the Department of Energy. For years, this division has had a modest amount of money, which it used to provide financing to promising projects in energy technology. With the passage of the Inflation Reduction Act, the loan office now has hundreds of billions of dollars at its disposal in order to build up US energy supply and accelerate the shift to renewables. We talked Jigar about how he plans to scale up his office and deploy that money in a productive way.