SAN FRANCISCO, CA – Mar 3, 2021 – Generate, a leading international operator of diversified sustainable infrastructure, today confirmed that co-founder and President Jigar Shah is stepping down from the company to serve as head of the Department of Energy’s Loan Programs Office in the Biden administration.
“Generate is grateful for Jigar’s innumerable contributions to the company and we wish him well in answering this call to public service,” said Scott Jacobs, CEO of Generate. “Jigar’s long-lasting imprint on our company has helped establish Generate as the premier sustainable infrastructure partner to innovators, companies and communities. We are well-positioned to continue our growth.”
Shah, Jacobs and Matan Friedman co-founded the company in 2014. Friedman, Generate’s chief investment officer, will re-join the company’s board of directors, which is chaired by Richard Kauffman, Chairman of the New York State Energy Research and Development Authority (NYSERDA).
Over the past seven years, Generate has built a fleet of more than 2,000 sustainable infrastructure assets across the energy, waste, water and transport markets, establishing market leadership in areas including battery storage; community, commercial and industrial solar; energy efficiency; electric vehicles; fuel cells; wastewater treatment; and organic waste management.
Generate Capital, Inc. is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, water, waste and transportation. Founded in 2014, Generate partners with over 35 technology and project developers and owns and operates more than 2,000 assets globally. Generate is the one-stop shop offering pioneers of the infrastructure revolution tailored funding and support needed to get projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable resources to over 1,000 customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit www.generatecapital.com.