DOE Turns to Venture Capitalists to Execute Green Energy Policy
A lot of attention was given yesterday of venture capital pro Jonathan Silver, as the executive director of the Department of Energy’s loan program office.
As Dan Primack reports on , a number of former VC investors have jumped ship over the past year and are now executing President Barack Obama’s green power policy. They include:
Nick Sinai: Sinai was appointed energy and environmental director at the Federal Communications Commission this summer. He joined the FCC from Tenaya Capital, the former venture unit of Lehman Brothers, which focuses on technology and cleantech investments. Sinai also worked as a senior associate with Polaris Venture Partners. Primack reports that Sinai also oversaw corporate development for GreenFuel Technologies, a Polaris portfolio company.
David Danielson: Danielson also joined government this summer as the administrator of the Department of Energy‘s Advanced Research Projects Agency for Energy (ARPA-E). Last month ARPA-E distributed $157 million to 37 recipients, mostly university research labs and R&D-focused startups. He joined the government from Cambridge, Mass.-based General Catalyst Partners. Before General Catalyst, Danielson founded the New England Clean Energy Council; He’s also taught at the Massachusetts Institute Technology and founded the MIT Energy Club and co-founded the MIT Energy Conference.
Also advising the Obama administration on economic issues is John Doerr of Kleiner Perkins Caufield & Beyers, the heavyweight clean energy and technology investor.