Odd Lots
Transcript: Jigar Shah On How the DOE is Funding Energy Transition
The Loan Programs Office at the DOE just became a very big deal.
Solar panels at the Avenal Solar Facility in Avenal, California, U.S., on Friday, April 29, 2022.
Photographer: Ian Tuttle/BloombergThis article is for subscribers only.
The Loan Program at the Department of Energy is designed to provide financing for the acceleration off new energy technologies. For a long time, it was a fairly small office. However, thanks to the Inflation Reduction Act, it now has a massive war chest of over $300 billion, making it a critical part of the energy transition. So what will it do with that money? And what areas of investment are the most promising? On this episode, we speak with Jigar Shah, who runs the office, about his new mission. This transcript has been lightly edited for clarity.