Biden’s Green Loan Czar Is Now Helping Companies Flee the Country
The same bureaucrat who doled out billions in taxpayer-funded loans to shaky green energy startups is now trying to help them leave the United States altogether.
Jigar Shah, the former head of the Department of Energy’s Loan Programs Office under Joe Biden, is now reportedly working with green companies to “re-domicile” in Europe, according to Bloomberg. These are the very same companies his office financed, often in the final months of the Biden administration, and they’re now collapsing financially and eyeing European subsidies as a lifeline, according to a Washington Free Beacon report by Alna Goodman.
You read that right: taxpayer-backed green companies are taking the money and running.
One of the most glaring examples? Plug Power, a Biden-favored battery firm that Shah supported with $100 million before joining the DOE and later helped secure a $1.6 billion loan while in office. Plug Power recently laid off over 200 U.S. workers and now says it’s looking to expand into Europe because of “uncertainty” in U.S. clean energy funding.
“Europe is now one of the most exciting strategic frontiers,” Plug Power’s CEO told investors.
It’s a slap in the face to American taxpayers and energy workers. And it exposes what Power The Future has been warning about all along: the Biden energy agenda was never about making life better for Americans but rather about rewarding political allies with federal dollars.
Shah’s cheerleading for Europe only confirms it. As he told Bloomberg, the E.U. now has a “once-in-a-lifetime opportunity” to scoop up these failing companies and keep them afloat all while they collect the crumbs from Biden’s green bailout.
Meanwhile, other companies backed by Shah’s office are also crumbling:
- Li-Cycle, recipient of a $375 million loan, suspended operations this month.
- Sunnova, approved for a $3 billion loan guarantee, is reportedly on the brink of bankruptcy.
Even Energy Secretary Chris Wright has acknowledged that the Trump administration is reviewing these loans and intends to focus instead on funding that “makes life for the American people better.”
That’s the difference. Biden’s bureaucrats handed out billions to politically connected green startups with no accountability. Now, they’re literally working behind the scenes to help those companies abandon the U.S. market.
At Power The Future, we’ll keep exposing this corruption and demanding energy policy that puts America first, not Brussels.
May 16, 2025