Tag Archives: CEDA

Dan Reicher quits Google for Stanford policy shop. Is Washington next?

Dan Reicher: Leaving Google for Stanford

Former assistant energy secretary, NRDC attorney and all-around green energy superman Dan Reicher has left his post as Google’s director of climate change and green energy initiatives to join Stanford’s new energy policy and finance center.

Reicher’s departure has been framed in the context of Google’s widely reported struggles to hold onto top employees as the company expands and loses its startup feel but his leavetaking doesn’t fit this mold. He’s always been more of a policy guy  he was part of Obama’s transition team and was rumored to be on the short list for energy secretary  who seemed more interested in broader energy issues than even Google could accommodate.

That said, Reicher’s accomplished a lot at Google in the past year. Continue reading Dan Reicher quits Google for Stanford policy shop. Is Washington next?

The Week In Green Energy: Government As A Long-Term Investor

With the clock ticking on key stimulus-funded renewable energy programs, green capitalists are concerned. They are pressing Congress and the Obama administration to extend these funding programs, including the very popular 1603 direct cash grants.

Cleantech investors and developers want more than one-time handouts and are asking for long-term government funding.  At stake, they say is the U.S.’s ability to lead the global green economy.

This unabashed call for government money was one of the dominant themes of the Renewable Energy Finance Forum (REFF), which recently ended in New York (see here or here for our coverage).  At a time when governments in industrialized economies are curtailing spending — or if they aren’t, are being pressed to do so — this call for more government intervention may seem unlikely to get much response. However, Wall Street’s green capitalist argue that governments have always supported strategic industries — like the oil and gas industry or agriculture – and they say renewable energy is one such industry. As is private capital alone can’t invest the large amounts required for clean energy to start making a serious dent on key emission targets, they add.
Continue reading The Week In Green Energy: Government As A Long-Term Investor

REFF: Google?s Dan Reicher: How to Bridge the ?Valley of Death?

Google's Dan Reicher: Proposes a way across the "Valley of Death"

Dan Reicher, Google?s director of climate change and energy initiatives, wants to bridge the ?Valley of Death? ? the financing gap that clean energy technologies encounter when venture capital funding is exhausted but before they can access more funding. Reicher hopes that the creation of a Clean Energy Deployment Administration, a government entity sometimes called a ?Green Bank? that provides support for deployment of technologies, will help bridge that gap. Reicher is supporting a bill introduced by Senator Jeff Bingaman that would fund CEDA. Reicher, an assistant secretary of energy in the Clinton Administration, joined Google?s philanthropic and advocacy arm, Google.org, in 2007. G.E.R. caught up with him at the Renewable Energy Finance Forum – Wall Street.

Green Energy Reporter: Why is it so important that the government help companies cross the Valley of Death?

Dan Reicher: It?s getting in the way of success with respect to a very broad range of energy technologies that I think are the solution to our environmental, economic and security problems. For a broad array of technical, renewable, efficiency technologies, the Valley of Death looms large for all of them.

If we?re going to put these advanced technologies in place and broadly deploy we?ve got to figure out to build a bridge over this valley.

G.E.R.: How would CEDA help do that? Continue reading REFF: Google?s Dan Reicher: How to Bridge the ?Valley of Death?

REFF: Google’s Dan Reicher: How to Bridge the “Valley of Death”

Google's Dan Reicher: Proposes a way across the "Valley of Death"

Dan Reicher, Google’s director of climate change and energy initiatives, wants to bridge the “Valley of Death” – the financing gap that clean energy technologies encounter when venture capital funding is exhausted but before they can access more funding. Reicher hopes that the creation of a Clean Energy Deployment Administration, a government entity sometimes called a “Green Bank” that provides support for deployment of technologies, will help bridge that gap. Reicher is supporting a bill introduced by Senator Jeff Bingaman that would fund CEDA. Reicher, an assistant secretary of energy in the Clinton Administration, joined Google’s philanthropic and advocacy arm, Google.org, in 2007. G.E.R. caught up with him at the Renewable Energy Finance Forum – Wall Street.

Green Energy Reporter: Why is it so important that the government help companies cross the Valley of Death?

Dan Reicher: It’s getting in the way of success with respect to a very broad range of energy technologies that I think are the solution to our environmental, economic and security problems. For a broad array of technical, renewable, efficiency technologies, the Valley of Death looms large for all of them.

If we’re going to put these advanced technologies in place and broadly deploy we’ve got to figure out to build a bridge over this valley.

G.E.R.: How would CEDA help do that? Continue reading REFF: Google’s Dan Reicher: How to Bridge the “Valley of Death”

Private Sector Renews Push for CEDA

Entrepreneurs and investors active in the green energy sector have been pushing hard for nearly a year for the creation of a Clean Energy Deployment Administration (CEDA), a government entity that would provide flexible credit support for development and deployment of green energy technologies. Legislation that creates an industry-friendly version of CEDA is slowly making its way through the senate, and on June 29 over 40 prominent venture capitalists and CEOs sent a letter to President Obama urging him to work with congress on legislation that provides for the immediate creation of the federal agency.
Continue reading Private Sector Renews Push for CEDA