Jigar Shah

Well, when you look at Trump's first term, the clean energy industry really found its own during Trump won, right? And so, you know, my sense is that the deployment of clean technology is going to keep going. I think the real question is around what our leadership looks like around the world. And even there, I would say that people are continuing to clamor

Well, when you look at Trump's first term, the clean energy industry really found its own during Trump won, right? And so, you know, my sense is that the deployment of clean technology is going to keep going. I think the real question is around what our leadership looks like around the world. And even there, I would say that people are continuing to clamor

for American technology in geothermal, in nuclear, in, you know, some of these other areas. And so, you know, I think that the pace may change a little bit and there's always ups and downs, but clean technology companies are crushing it right now.

for American technology in geothermal, in nuclear, in, you know, some of these other areas. And so, you know, I think that the pace may change a little bit and there's always ups and downs, but clean technology companies are crushing it right now.

Yeah, look, I think that when you think about what we've done to produce a modern lifestyle, we have burned things for hundreds of years, whether it was wood and then coal and then, you know, oil and natural gas. We have burned our way to a modern lifestyle. And I think... You know, then you had the Environmental Protection Agency, and folks said, we don't want to live in smog anymore.

Yeah, look, I think that when you think about what we've done to produce a modern lifestyle, we have burned things for hundreds of years, whether it was wood and then coal and then, you know, oil and natural gas. We have burned our way to a modern lifestyle. And I think... You know, then you had the Environmental Protection Agency, and folks said, we don't want to live in smog anymore.

And we developed a whole new set of technologies coming out of the 1970s. And today, these technologies are truly superior in many ways. So when you think about what is driving people, it is superior solutions that help solve other problems. It's not climate.

And we developed a whole new set of technologies coming out of the 1970s. And today, these technologies are truly superior in many ways. So when you think about what is driving people, it is superior solutions that help solve other problems. It's not climate.

Well, I think of course it's all of it. If you talk to entrepreneurs like me and others, we are driven by solving problems for people. We were not driven by regulatory arbitrage or by figuring out how to mine tax credits within the Inflation Reduction Act. We're driven by the fact that we believe that these solutions are superior to what they're replacing.

Well, I think of course it's all of it. If you talk to entrepreneurs like me and others, we are driven by solving problems for people. We were not driven by regulatory arbitrage or by figuring out how to mine tax credits within the Inflation Reduction Act. We're driven by the fact that we believe that these solutions are superior to what they're replacing.

And yes, those climate objectives helped pass the laws necessary to make the first-of-a-kind projects happen. So, look, it's all part of a whole, right? But I want to make sure that we're crystal clear about... And I think the president has been quite clear about this having to relate to jobs and everyday lives.

And yes, those climate objectives helped pass the laws necessary to make the first-of-a-kind projects happen. So, look, it's all part of a whole, right? But I want to make sure that we're crystal clear about... And I think the president has been quite clear about this having to relate to jobs and everyday lives.

And the secretary has been very clear about the fact that this has to make people's lives better. And I do think it makes people's lives better. And that's what entrepreneurs thrive on, right? It's like, you know, Elon Musk wants a car that goes zero to 60 in like 1.9 seconds. And he created that car and people want that car. And that's awesome.

And the secretary has been very clear about the fact that this has to make people's lives better. And I do think it makes people's lives better. And that's what entrepreneurs thrive on, right? It's like, you know, Elon Musk wants a car that goes zero to 60 in like 1.9 seconds. And he created that car and people want that car. And that's awesome.

So in 2005, Senator Pete Domenici and others said, hey, why do we invent everything here in the United States, but then send our awesome technology overseas? And people realized, well, when you look at the industrial strategy of Germany or Canada or China or other places, they actually support the commercialization of those technologies. And so the loan programs office was born.

So in 2005, Senator Pete Domenici and others said, hey, why do we invent everything here in the United States, but then send our awesome technology overseas? And people realized, well, when you look at the industrial strategy of Germany or Canada or China or other places, they actually support the commercialization of those technologies. And so the loan programs office was born.

We're basically a bank within the U.S. Department of Energy. And it is supposed to take that risk of building that first project. When commercial banks are not comfortable with putting the loan out the door for that first project, because remember, these projects don't have venture capital-like returns.

We're basically a bank within the U.S. Department of Energy. And it is supposed to take that risk of building that first project. When commercial banks are not comfortable with putting the loan out the door for that first project, because remember, these projects don't have venture capital-like returns.

You can't put in a billion dollars of venture capital into something and get a 10x return on that. These are infrastructure projects that generate... 10% returns. And so you need to have low-cost affordable debt, but you also need to recognize that most of these banks do not have the expertise to evaluate the technology that people are bringing to them.

You can't put in a billion dollars of venture capital into something and get a 10x return on that. These are infrastructure projects that generate... 10% returns. And so you need to have low-cost affordable debt, but you also need to recognize that most of these banks do not have the expertise to evaluate the technology that people are bringing to them.