The U.S. Department of Energy (DOE) has selected Dr. Sanjiv Malhotra to be the first Director of the Clean Energy Investment Center (CEIC), located within the Office of Technology Transitions (OTT).
CEIC was established in 2015 as part of the Obama Administration’s Clean Energy Investment Initiative to advance private, mission-oriented investment in clean energy technologies that address the present gap in U.S. clean tech investment. CEIC will also help to enhance the availability of DOE’s resources to private sector investors and potential partners in the public.
“Dr. Malhotra’s unique experience as an accomplished scientist, entrepreneur, and businessman will be invaluable as the first director of the Clean Energy Investment Center,” said Energy Secretary Ernest Moniz.
“Under Dr. Malhotra’s leadership, the center will play a significant and vital role in the Administration’s Clean Energy Investment Initiative aimed at expanding private sector investment for innovative technologies that can reduce carbon emissions and combat climate change. Dr. Malhotra will further strengthen an outstanding clean energy finance team at DOE.”
As the center’s first Director, Dr. Malhotra will be responsible for standing up the CEIC, which will serve as a single point of contact for investors to access technical experts, acquire the latest reports on clean energy technology, and identify promising projects.
He will also be instrumental in supporting Mission Innovation, an initiative that was announced at the United Nations Climate Change Conference in Paris to accelerate public and private global clean energy innovation to address global climate change, provide affordable clean energy to consumers, including in the developing world, and create additional commercial opportunities in clean energy.