Jigar Shah

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Jigar Shah
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Born
Jigar Hasmukh Shah

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Modasa, India
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CitizenshipUSA
EducationUniversity of Illinois (BS)
University of Maryland (MBA)
OccupationTemplate:Pluralize from textClean energy entrepreneur
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Known forDirector, Loan Programs Office of the US Department of Energy, Founder, SunEdison
CEO, Carbon War Room
President, Generate Capital
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OpponentTemplate:Pluralize from textTemplate:Pluralize from text
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SpouseTemplate:Pluralize from textKhushali ShahTemplate:Pluralize from text
PartnerTemplate:Pluralize from textTemplate:Pluralize from text
ChildrenDhilan Shah
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Jigar Shah (born August 30, 1974) is an American entrepreneur and clean energy advocate. He served as director of the Loan Programs Office (LPO) at the U.S. Department of Energy from March 2021 to January 2025.[1] Following the passage of the Infrastructure Investment and Jobs Act (2021) and the Inflation Reduction Act (2022), the LPO's lending authority expanded from approximately $40 billion to $400 billion, directed toward commercializing emerging clean energy technologies.[2] Shah oversaw the office during this period of significant expansion in the Biden administration's clean energy initiatives.[3] Prior to joining the Department of Energy, Shah worked as a clean energy entrepreneur, author, and podcast host. He is known for advocating market-driven solutions to climate change, and is the author of Creating Climate Wealth: Unlocking the Impact Economy (2013), in which he argues that addressing climate change can generate strong financial returns when entrepreneurs, corporations, investors, and governments collaborate at scale.[4][5]

Early life

Shah was born in India and emigrated to the United States with his family at age one. At age eight, his family settled in Sterling, Illinois.[6] Shah attended public schools through the graduate level. He holds a B.S. in Mechanical Engineering from the University of Illinois Urbana-Champaign[7] and an MBA from the University of Maryland.[8][9]

Business initiatives

Career

Generate Capital

Shah is the co-founder and President of Generate Capital.[10]

SunEdison

Shah founded SunEdison in 2003, pioneering a "no money down solar" model that unlocked a multi-billion-dollar solar market and built what became the largest solar services company in the world. The company deployed solar energy through the power purchase agreement (PPA) business model, enabling organizations to purchase solar energy under long-term, predictably priced contracts without bearing the capital costs of ownership or operation. Shah sold SunEdison in 2008.

Creating Climate Wealth

Shah is the author of Creating Climate Wealth: Unlocking the Impact Economy (2013). The book argues that business model innovation, more than new technology, is the primary driver for attracting mainstream capital and achieving transformational change. Shah envisioned meeting 2020 climate goals by creating the equivalent of 100,000 companies worldwide, each generating $100 million in revenue. He contends that while new technology has value, deployment of existing technologies is the more critical path to near-term climate targets.

Carbon War Room

Shah co-founded the Carbon War Room with Richard Branson and Virgin Unite, an organization dedicated to harnessing entrepreneurship to deploy clean energy solutions at scale. He served as its CEO from 2009 to 2012.[11]

Earlier Career

Prior to founding SunEdison, Shah worked in strategy at BP Solar and as a contractor for the United States Department of Energy on alternative vehicles and fuel cell programs.[12]

Political Activity

Shah has advocated for ending all energy subsidies, including those for renewable energy, in order to establish a level playing field across energy sources.[13] Federal Election Commission records show he has made repeated donations to the Climate Hawks Vote Political Action Committee since 2016.[14]

Podcasting

The Energy Gang

Shah was a founding co-host of The Energy Gang,[15] a podcast dedicated to exploring the technological, political, and market forces shaping energy and environmental policy. In a 2017 episode, Shah introduced what co-host Stephen Lacey dubbed the "Jigar Shah Rule" — that countries should not adopt poorly designed energy policy — drawing on Shah's argument that competitive mechanisms such as volumetric reductions and feed-in tariffs, as originally structured, had become ineffective.[16]

Open Circuit

Shah co-hosts Open Circuit, a podcast produced by Latitude Media alongside Stephen Lacey and Caroline Golin. The show examines the technological, economic, and policy forces driving the energy transition, covering topics including AI-driven electricity demand, supply chain constraints, power market dynamics, and clean energy policy.[17]

Energy Empire

Shah hosts Energy Empire, a podcast examining how abundant and affordable energy is reshaping the global economy. The show focuses on the people and large-scale deals driving the clean energy transition.[18]

Loan Programs Office

In March 2021, Energy Secretary Jennifer Granholm appointed Shah to direct the Loan Programs Office (LPO) of the United States Department of Energy.[19][20][21] At the time of his appointment, the office held approximately $40 billion in loan authority directed toward early-stage energy companies and emerging climate technologies.[22][23][24][25] Under Shah's leadership, the LPO more than tripled its staff and reviewed over 100 applications from clean energy companies seeking loans totaling more than $100 billion.[26] Following the passage of the Infrastructure Investment and Jobs Act and the Inflation Reduction Act by the U.S. Congress, the office's loan authority expanded to $400 billion, directed toward commercializing emerging technologies, supporting clean energy job creation, and stimulating local economies. Among the conditional commitments announced during Shah's tenure was a loan to finance the development of a solar and long-duration energy storage microgrid on the tribal lands of the Viejas Band of Kumeyaay Indians near Alpine, California, intended to support climate resilience planning for tribal communities.[27]

References

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  1. ^ Page Module:Citation/CS1/styles.css has no content."Jigar Shah, Department of Energy". Retrieved May 12, 2021.
  2. ^ Page Module:Citation/CS1/styles.css has no content.Plumer, Brad; Friedman, Lisa (May 11, 2023). "A Swaggering Clean Energy Pioneer, with $400 Billion to Hand Out". The New York Times. Retrieved May 11, 2023.
  3. ^ Page Module:Citation/CS1/styles.css has no content."Loan Programs Office, Department of Energy". August 12, 2022. Retrieved October 18, 2023.
  4. ^ Page Module:Citation/CS1/styles.css has no content.Jigar., Shah (2013). Creating climate wealth: unlocking the impact economy. Denver, Colo.: ICOSA Pub. ISBN 978-0-9893531-0-6. OCLC 862233261.
  5. ^ Page Module:Citation/CS1/styles.css has no content."Fast Company: Jigar Shah". Fast Company. Retrieved August 23, 2013.
  6. ^ Page Module:Citation/CS1/styles.css has no content."Jigar Shah, taking on a Gigaton of Change". BIF6. Archived from the original on August 31, 2013. Retrieved August 24, 2013.
  7. ^ Page Module:Citation/CS1/styles.css has no content."Renewable energy leader reflects on time at Illinois". University of Illinois. Archived from the original on August 7, 2013. Retrieved August 24, 2013.
  8. ^ Page Module:Citation/CS1/styles.css has no content."SunEdison founder Jigar Shah joins Empower Energies board". PV-Tech. May 31, 2013. Retrieved August 24, 2013.
  9. ^ Page Module:Citation/CS1/styles.css has no content."Welcome the World Changers". University of Maryland. Retrieved August 24, 2013.[dead link]
  10. ^ Page Module:Citation/CS1/styles.css has no content.Fehrenbacher, Katie (December 4, 2014). "Meet Generate Capital, a new way to fund energy projects". Gigaom. Archived from the original on December 6, 2014. Retrieved December 4, 2014.
  11. ^ Page Module:Citation/CS1/styles.css has no content."Solar Guru Jigar Shah on his new book: 'Creating Climate Wealth'". Archived from the original on May 16, 2015. Retrieved October 22, 2013.
  12. ^ Page Module:Citation/CS1/styles.css has no content."Jigar Shah Bio". HuffPost. Retrieved October 22, 2013.
  13. ^ Page Module:Citation/CS1/styles.css has no content."Jigar Shah argues for an end to fossil fuel subsidies -- and a phase-out of clean energy subsidies". February 28, 2014. Retrieved March 1, 2014.
  14. ^ Page Module:Citation/CS1/styles.css has no content."Browse Individual contributions". FEC.gov. Retrieved August 6, 2019.
  15. ^ Page Module:Citation/CS1/styles.css has no content."The Energy Gang". Greentech Media. September 14, 2021. Archived from the original on September 2, 2021.
  16. ^ Page Module:Citation/CS1/styles.css has no content."Week 7: Trump Dumps the Environment". Retrieved March 16, 2017.
  17. ^ Page Module:Citation/CS1/styles.css has no content."Open Circuit". Latitude Media. Retrieved May 12, 2026.
  18. ^ Page Module:Citation/CS1/styles.css has no content."Energy Empire with Jigar Shah". Retrieved May 12, 2026.
  19. ^ Page Module:Citation/CS1/styles.css has no content.Iaconangelo, David (March 4, 2021). "Solar pioneer to head DOE loan office". E&E News. Retrieved January 4, 2023.
  20. ^ Page Module:Citation/CS1/styles.css has no content."DOE Announces New Senior Leaders". Energy.gov. March 3, 2021. Retrieved January 4, 2023.
  21. ^ Page Module:Citation/CS1/styles.css has no content.McMahon, Jeff. "Granholm Wakes Up DOE's Loan Programs Office, Appoints Jigar Shah". Forbes. Retrieved January 4, 2023.
  22. ^ Page Module:Citation/CS1/styles.css has no content."Meet Jigar Shah, who runs the DOE office that helped Tesla get its start". Emerging Tech Brew. Retrieved January 4, 2023.
  23. ^ Page Module:Citation/CS1/styles.css has no content."The Interchange: Jigar Shah Has $40 Billion. What Will He Do With It? on Apple Podcasts". Apple Podcasts. Retrieved January 4, 2023.
  24. ^ Page Module:Citation/CS1/styles.css has no content."Jigar Shah has a new strategy to boost climatetech through DOE loans". Canary Media. November 15, 2021. Retrieved January 4, 2023.
  25. ^ Page Module:Citation/CS1/styles.css has no content.Kahn, Debra (November 23, 2022). "The DOE loan officer in high demand". POLITICO. Retrieved January 4, 2023.
  26. ^ Page Module:Citation/CS1/styles.css has no content.Milman, Oliver (February 3, 2023). "The man in charge of how the US spends $400bn to shift away from fossil fuels". The Guardian. ISSN 0261-3077. Retrieved April 14, 2023.
  27. ^ Page Module:Citation/CS1/styles.css has no content."Viejas Microgrid Conditional Commitment". Retrieved March 13, 2024.

Jigar Shah – Loan Programs Office, U.S. Department of Energy Open Circuit at Latitude Media Energy Empire at energyempire.fm Page Module:Citation/CS1/styles.css has no content.Plumer, Brad; Friedman, Lisa (May 11, 2023). "A Swaggering Clean-Energy Pioneer, With $400 Billion to Hand Out". The New York Times. ISSN 0362-4331. Retrieved May 12, 2023.

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