The Department of Energy has billions in loan guarantees to hand out to alternative energy firms and automakers. But the highly competitive process has been criticized as slow, unmoving even.
What is a government agency to do? Hire a venture capitalist, of course.
The DOE announced Wednesday the appointment of Jonathan Silver, a former managing general partner at Washington D.C.-based venture capitalist firm Core Capital Partners, to head its loan guarantee and green auto programs. Core Capital invests in alternative energy, software, telecommunications and advanced manufacturing technology.
Venture Capitalist to Steer DOE's Energy Loan Program