Great news for #Tennessee, #Kentucky, US advanced energy competitiveness, and community resilience!
These projects are critical to the US and the Southeast staying ahead of the technology curve.
Director @ DOE Loan Programs Office | Project Finance
"This program is essential to getting people to choose the United States of America," said Jigar Shah, who heads the DOE Loan Programs office, in an interview. "When you look at the competition that we have from China, it is very clear to me that they have used low-cost debt for a very long time to promote a lot of manufacturing capacity that has hollowed out many communities in Kentucky, Tennessee, and other states around the country."
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Great story from Latitude Media.
Having worked for the Loan Programs Office | U.S. Department of Energy for a year after a lifetime of policy and executive leadership in the private NGO sector, I can attest that MANY private sector companies are VERY motivated to close on loans.
The commitment of the Loan Programs Office is to serve every eligible applicant. Lord knows, the application is extremely rigorous and demanding, but First Of A Kind (FOAK) financing for innovative energy is not easy to come by in the private sector.
I sure hope there will be strong bipartisan support for the Loan Programs Office, and I expect there will be.
Many of the most challenging and ambitious American energy innovations like advanced manufacturing, gigafactories for batteries, sustainable aviation fuels, hydrogen-based industries like ammonia, green steel, renewing America’s nuclear industry and establishing mission-critical carbon management tech are all essential technologies that will determine America’s international competitiveness in coming years and decades.
These are not partisan goals but American goals, and US Congressional leaders of both parties can and should step forward.
Jigar Shah has been a remarkable leader and has achieved so much, but he is not driving these deals, it’s the private sector urgency for winning on energy innovation that is driving momentum right now!
If you want to understand the fate of DOE's loan office in this anxious period between administrations, this is the feature for you. Wonderfully sourced and written, with incisive quotes and takes on where we all stand in the clean energy market today, with an insider's view on tomorrow. Great job, Maeve Allsup! https://lnkd.in/eNYivpTY
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