On the Move in Biofuels: Silver leaves as loan guarantee chief

October 9, 2011 |

In Washington, Jonathan Silver leaving his post as head of the DOE Loan Guarantee Program, to become a Distinguished Visiting Fellow at Third Way.  Secretary Steven Chu said:

Statement from Third Way:

“In early July, shortly after the fiscal year 2011 budget was completed by Congress and it became clear that no significant new funds were included for the loan program, Jonathan Silver informed me that he intended to return to the private sector shortly after September 30, the statutory end-date of the 1705 loan guarantee program.  Since he joined the Department in November 2009, Jonathan assembled and managed a truly outstanding team that has transformed the program into the world leader in financing innovative clean energy projects.

“Under his leadership, the loan program has demonstrated considerable success, with a broad portfolio of investments that will help American companies compete in the global clean energy market.  Because of my absolute confidence in Jonathan and the outstanding work he has done, I would welcome his continued service at the Department, but I completely understand the decision he has made.  I want to thank him for his tremendous service to our country and for the work he and his outstanding team have done to renew American leadership in clean energy innovation.”

Category: Policy

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