Jigar Shah
Co-Managing Partner, Multiplier LLC. On 3 shows, 10 appearances. The Shows tab opens the full record on each.
investorfounderexecutivehostauthor@JigarShahDC ↗LinkedIn ↗energyempire.fm ↗Wikipedia ↗
Shah founded SunEdison, pioneering the solar power purchase agreement model, and later co-founded Generate Capital. He authored Creating Climate Wealth and subsequently directed the U.S. Department of Energy's Loan Programs Office, deploying over $100 billion in clean energy debt financing.
3shows
10appearances
132statements
56resolved
29supported
15contradicted
52%fully supported
36said about them ↓ Everything Jigar Shah said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Shah: NRC is not currently the primary bottleneck for nuclear
“I would say that having done this nuclear stuff for the better part of three years, I don't know of a single project that was hurt in any material way by the NRC. Right? So I do see the NRC being a bottleneck where we're building 10 reactors a year, but we're …”
Shah: Wildfire costs account for only 3-5% of PG&E rate hikes
“You know, what amounts to, I think, 15% rate increases every year for the last four years for PG&E because of uncontrolled distribution grade investments, and it's not wildfire related. Let's just be crystal clear. People call it wildfire. Three to four percen…”
Shah: Existing grid capacity can handle load growth through 2034–2035
“The amount of load growth that we can handle, within the actual system that we've already paid for is gargantuan. It can easily take us through probably 2034, 20 35, right? Which, by which time we think nuclear will be more cost effective, enhanced geothermal …”
Shah: No EPC contractor will provide a guaranteed price on AP1000
“I don't think any EPC contractor wants to wrap that thing and provide you a guarantee price, but whatever, you know.”
Shah: Solar and wind generated 36% annualized returns since 2007
“Most of us who've been in the solar and wind industry have generated 36% annualized returns every single year since we were in there from 2007.”
Shah: US transformer backlog stems from avoiding VPPs, not actual shortages
“This is why we have a three-year backlog on distribution transformers. It's not because we have a shortage of distribution transformers in this country. It's because everybody wants to fix the problem using 19 eighties approaches instead of virtual power plant…”
Shah: Every energy hard tech success required massive government support
“I don't think there's a single success story in hard tech not one in the energy space that didn't involve massive government involvement, right? Not one.”
Shah: Oil and Gas Outspends Clean Energy 20 to 1 on Influence
“I think where we are today is that the clean energy industry in the United States, in all of its forms, invests roughly five hundred billion dollars a year but pays about two hundred million dollars a year in influence. The oil and gas industry invests about t…”
Shah: Trump payment freezes will increase energy costs and private uncertainty
“But yet, I think that the actions that they're taking around freezing payments and some of the other things are going to lead to higher costs and a lot more uncertainty in the private sector, right?”
Shah: Trump wind and solar pauses are retribution for Biden oil policies
“I think turnaround is fair play. Like, I mean, I really do think that the wind and solar pauses at the Army Corps Engineers and Fish and Wildlife are, you know, retribution for a lot of the stuff that the Biden administration did, the oil and gas industry”
Shah: Trump administration will roll back wind and solar pauses to avoid blackouts
“I think they're going to be forced to pull it back too, just because it's 90% of everything that gets deployed in the grid, right? And so at some point, if none of that stuff gets deployed in the grid, we're going to have rolling blackouts.”
Shah: Clean energy platforms are selling out over cash and policy uncertainty
“There are platforms, for instance, that are for sale now. Yeah, that we don't have cash to make, make it through October, and we don't know what's going to happen, and we can't wait for certainty, and so we're selling out, right? So I think you're seeing the v…”
Shah: IRS scrutiny of renewable tax equity is continuing under Trump
“During the Biden administration, there was a big crackdown by the IRS on the renewable energy sector for tax credit and tax equity policies. Around step up in basis and some of that stuff, and I think the Trump administration is continuing all of that work, an…”
Shah: Solar Costs $30-$50/MWh Compared to $95/MWh for New Natural Gas
“Today, you know, solar power installed is, you know, 30 dollars a megawatt hour. Without the tax credits, it's 50 dollars a megawatt hour. That's more expensive than 30 dollars a megawatt hour. I get that. But that's not out of the money. Right? New natural ga…”
Shah: EVgo Is Basically Profitable Due to Higher DC Fast Charger Utilization
“EVgo is now basically profitable because of, like, they've got huge increases in the use of their DC fast chargers”
Shah: Trump's DOE will honor all closed and obligated LPO loans
“But like, for closed loans and loans that have obligated funds, I think they'll honor all those loans.”
Shah: DOGE cannot reach $2T cuts without defense, Social Security, or healthcare
“The only places that matter if you're going to get to two trillion is defense, social security, and Medicaid, and Medicare. That's the only places that matter. Like, the discretionary part of the budget is so small that it just doesn't matter. You could zero i…”
Shah: Chris Wright is a fantastic pick for Secretary of Energy
“I thought his memo was great. I thought it was well-balanced. I thought it was, you know, like, what you would have expected from a George W. Bush appointee. So, like, I think Chris Wright's a fantastic pick as the Secretary of Energy, and so I'm glad to see h…”
Jigar Shah: Battery storage additions will be tenfold natural gas deployments
“Battery storage will be heralded as the savior of the grid a year from now, and we will deploy 10 times as much battery storage as we deploy natural gas.”
Shah: Clean energy must act like the dominant industry it is
“It's important for this sector to stop acting like it's alternative. When you're 80% of everything being deployed every year, sometimes 90%, politics is part of this. So are regulations, so are lots of other things. Like, people have to make sure that they und…”
Shah: Clean energy companies must stop hiding their DOE loan applications
“People are so afraid of having anyone hate them that they're like, oh, I don't want to mention that we're a, we're an applicant to the loan programs office. I don't want to mention that we're, you know, applying for this grant or whatever else, right? That's n…”
Shah: Annual electricity load growth will likely be around 2.5%, not 7%
“I don't think we're going to have seven percent load growth every year. I think it's probably more like two and a half percent, but it's still something that we don't have the tools to deal with right now.”
Shah: Traditional utility expansion formula causes 10% annual rate hikes
“When you think about the normal course of business for most utilities is to build more natural gas plants,
Build more transmission and build more distribution.
Today, that formula results in 10% rate increases every year.
That is not workable.”
Shah: New nuclear, geothermal, and hybrid storage all cost ~$100/MWh
“And now, with all of the additional incentives, you can build a new nuclear reactor, as long as, you know, get some of the bonus credits, like energy communities, etc., at a hundred dollars a megawatt hour. Guess what else is a hundred dollars a megawatt hour?…”
The other half of the tape: Jigar Shah's own voice is left out of every number here. Other people bring the name up 34 times in 20 episodes across the shows. 2 statements on the record name them. every mention, with the transcript →
Who brings them up most Stephen Lacey 14Shayle Kann 5Andy Lubershane 4Varun Sivaram 3Michelle Davis 2Michael Boyle 1Katherine Hamilton 1Josh Becker 1
Statements about Jigar Shah, by other people (2)
Wesoff: DOE has shifted from basic science to commercial project financing
“It's not the intense science-based Department of Energy of Ernest Moniz or Stephen Chu. The DOE is being helmed by Business people and industrialists like Jigar Shah, like David Crane, like Elaine Shea, and many, many others, and so we, we've gone away from a …”
Every mention by year
tap a year for its mentions
Catalyst 22
the Green Blueprint 12
2025 7 mentions in 7 episodes 1 per episode
- Frontier Forum: A new playbook for clean energy growth
- The potential for flexible data centers
- The coming robotics wave
- An ode to electrochemistry
- A skeptic’s take on AI electricity load growth
- Cultivated meat’s “trough of disillusionment”
- The promise and perils of sodium-ion batteries
- every mention in 2025, scene by scene →
2024 9 mentions in 3 episodes 3 per episode
2023 13 mentions in 7 episodes 2 per episode
- America’s historic climate law, one year on
- Mailbag episode! Interest rates, carbon dioxide removal, load growth, and more
- Investors riff on the new era for climate investing
- Can California pull off its clean energy ambitions?
- Why electric cars are driving the auto strikes
- New frontiers of clean energy emerge
- Stunning new data on coal vs renewables
- every mention in 2023, scene by scene →
2022 5 mentions in 3 episodes 2 per episode
One line per show, most statements first. The link opens Jigar's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| GREEN BLUEPRINTLEDGER | Co-Managing Partner, Multiplier LLC | 6 | 80 | 46% 17/37 | full record on the Green Blueprint → |
| CATALYSTLEDGER | Co-Managing Partner, Multiplier LLC | 3 | 41 | 61% 11/18 | full record on Catalyst → |
 NEON SHOWLEDGER | Co-Managing Partner, Multiplier LLC | 1 | 11 | 100% 1/1 | full record on the Neon Show → |