US Secretary of Energy Jennifer Granholm (Jennifer Granholm) said on March 3 that she is ready to restore her department’s loan program office, which has been largely unused in the past four years and has more than $40 billion in funding. To facilitate the transition to clean energy.

Granholm said that Jigar Shah, an expert in clean energy finance, will lead the department’s loan program office. Shah is the co-founder and president of Generate Capital. He has helped entrepreneurs speed up the decarbonization process. He also founded SunEdison, a solar financing company.

"We are ready to invest in the development of advanced vehicles, carbon capture, advanced reactors, etc.," said Granholm, the former governor of Michigan, who provided federal funding for electric vehicle companies in the state. She may play an important role in President Joe Biden's push for the country to completely decarbonize the economy by 2050

The Department of Energy’s loan office was an administration established through stimulus funds during President Obama in 2009. It has issued more than $35 billion in loans and guarantees, which have been repaid by companies such as Tesla Inc. But some Republicans criticized it for providing a $535 million loan to the failed solar company Solyndra. Editor/Xu Shengpeng