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Jigar Shah's picture
Director, Loan Programs Office U.S. Department of Energy

Jigar Shah was most recently co-founder and President at Generate Capital, where he focused on helping entrepreneurs accelerate decarbonization solutions through the use of low-cost...

  • Member since 2017
  • 18 items added with 8,022 views
  • Jan 17, 2023
  • 310 views

"Jigar Shah, Director of DOE's Loans Programs Office, said his office is 'excited to further develop an environmentally responsible U.S. supply chain for critical materials...Rhyolite Ridge is a major step towards bolstering domestic lithium production for clean energy technologies,' he said."

In case you missed it, catch up on some of the coverage of LPO's announcement of a conditional commitment to lend up to $700 million to Ioneer Rhyolite Ridge LLC to finance the construction of a new lithium carbonate processing facility at Rhyolite Ridge in Esmeralda County, Nevada, aimed at boosting America's domestic EV battery supply chain:

• ABC News / Associated Press: "Nevada lithium mine gets $700M conditional loan from Energy" https://lnkd.in/gmsdWgRt

• Reuters: "U.S. to lend ioneer $700 million for Nevada lithium mine" https://lnkd.in/gT4xTKFz

• Bloomberg: "Biden Backs Nevada Lithium Mine With $700 Million Loan Offer" https://lnkd.in/gvpagpaD

• CNBC: "Lithium company Ioneer scores $700 million conditional loan from Energy Department for Nevada plant" https://lnkd.in/gaJQ9pFp
 
• Mining Weekly: "US Energy Dept offers ioneer up to $700m loan for Rhyolite Ridge project" https://lnkd.in/gtnnUuzS

• UPI: "U.S. miner Ioneer gets federal loan to pursue lithium" https://lnkd.in/gUsKn8w7

• KOLO-TV: "Department of Energy awards $700 million loan to Ioneer for EV battery development" https://lnkd.in/gUttf4N6

LEARN MORE:

• LPO's Critical Materials tech sector page: https://lnkd.in/gWVCMZGs

• DOE Comprehensive Strategy to Secure America’s Clean Energy Supply Chain: https://lnkd.in/g8cSaVFd

• White House Statement on Securing a Made in America Supply Chain for Critical Minerals: https://lnkd.in/giAbCkNy

• More about the ATVM program and Advanced Transportation project financing available through LPO programs: https://lnkd.in/gHzbCi7z

 

 

Reposted to Energy Central from: https://www.linkedin.com/company/doe-loan-programs-office/ 

Discussions
Jim Stack's picture
Jim Stack on Jan 19, 2023

That is great news. The less we import the better and more secure we are. I hope there are a few other US location doing the same thing. 

Jigar Shah's picture
Thank Jigar for the Post!
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