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Biden's Energy Loan Sparks Ethical Concerns Over $1.6B Deal

5/30/2025

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Summary

Story summary

Biden's energy loan czar, Jigar Shah, greenlit a staggering $1.6 billion loan to Plug Power, a move that directly benefits his business partner, Jonathan Silver, who previously consulted for the company. This decision has ignited ethical concerns, drawing parallels to past failures like Solyndra, especially as Plug Power grapples with over $2 billion in losses.

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Story summary

Biden's energy loan czar, Jigar Shah, greenlit a staggering $1.6 billion loan to Plug Power, a move that directly benefits his business partner, Jonathan Silver, who previously consulted for the company. This decision has ignited ethical concerns, drawing parallels to past failures like Solyndra, especially as Plug Power grapples with over $2 billion in losses.