The US Department of Energy (Doe) has appointed Sanjiv Malhotra as the first Director of Clean Energy Investment Center (CEIC).
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 US clean tech investment.
As the center’s first Director, 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, DoE’s press release reads.
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.
Ernest Moniz, US Energy Secretary, said: “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.”
According to DoE, Malhotra brings leadership and experience in sales and international business development, establishing public-private partnerships, managing and directing engineering and research programs at various stages of product development, and attracting private sector equity investments.