DOE appoints new head of Loan Guarantee Program

13 November 2009

Steven Chu has appointed Jonathan Silver as Executive Director of the Department of Energy’s loan programme office. In this role, Silver will oversee the DOE's Loan Guarantee Program as well as the Advanced Technology Vehicles Manufacturing (ATVM) loan program.

Silver will report directly to Secretary Chu, helping accelerate the application review process for both programs. As Executive Director, Silver will be responsible for staffing the programs and leading origination, analysis, and negotiation, as well as managing the full range of the Department's alternative energy investments.

“The loan programs at DOE play a critical role in spurring investment in a clean energy economy, creating new jobs, and fighting carbon pollution,” said Secretary Chu. “Jonathan's background and expertise will help us dramatically expand our efforts and capitalize on the many significant opportunities we have in front of us.”

Prior to his appointment, Silver was a venture capitalist and the Managing General Partner of Core Capital Partners, an early-stage investor in alternative energy, advanced manufacturing, telecommunications and software. Earlier, Silver was a Managing Director, and the Chief Operating Officer, of Tiger Management. He began his career at McKinsey and Company.

Silver has extensive public sector experience as well, having served as a policy advisor to the Secretaries of Commerce, Interior and Treasury in the 1990s. During this time, Silver was also a member of the team that negotiated the first clean car agreement with the nation's auto manufacturers. He has also served on numerous non-profit boards, including, for many years serving as Chairman of the board of American Forests.

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