DOE Hires a VC for The Green FDR
Under the new Green FDR administration of President Obama, there has been such an increase in renewable technologies funding, that keeping up with qualifying and selecting the best of the best in innovative new renewable energy tech is overwhelming the Department of Energy.
So Nobel-prizewinning scientist Steven Chu of the DOE has hired a professional Venture Capitalist to help run the DOE renewable energy loan guarantee program. VC Jonathan Silver of Core-Capital Partners will help the DOE eliminate the so-called “Valley of Death” between the university lab and commercialization of groundbreaking renewable technologies.
