Jigar Shah Has $40 Billion. What Will He Do With It?

By [email protected] The US Department of Energy’s Loan Programs Office might be the most talked about — and yet least understood — part of the federal government’s efforts to support climate tech.

It has already invested more than $35 billion in everything from Tesla’s first big factory to the first two nuclear reactors to begin construction in the U.S. in more than 30 years. It was crucial in getting the first multi-hundred-megawatt solar projects ever developed off the ground.

Today it has more than $40 billion of available loan capacity to throw at the next wave of climate technologies to scale.

And now, as

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