Jigar Shah joins the Novo Holdings Advisory Group

Novo Holdings is pleased to announce the appointment of Jigar Shah to the Novo Advisory Group (NAG), an expert panel of senior industry leaders that supports Novo Holdings in analysing and monitoring its planetary health investments.

With more than 25 years of experience advancing clean energy innovation, Jigar Shah has broad expertise in energy infrastructure financing, entrepreneurship as well as policy insight.

Kasim Kutay, CEO of Novo Holdings, said: “With his background and experience from the energy space, Jigar adds an important perspective to the NAG, reflecting Novo Holdings’ increasing focus on green tech scaling and energy. We very much look forward to working with Jigar.”

Advancing clean energy
Jigar Shah began his career as a mechanical engineer and soon emerged as a leading voice in the commercialisation of clean energy technologies. In 2003, he founded SunEdison, where he pioneered the Power Purchase Agreement model that helped make solar power scalable and affordable. He later co-founded Generate Capital, where he served as President and helped establish new ways to finance sustainable infrastructure through long-term partnerships with technology providers.

From 2021 to 2025, he served as Director of the US Department of Energy’s Loan Programs Office, overseeing one of the world’s largest public clean energy investment platforms. Under his leadership, the office deployed over USD 100 billion in debt financing and helped catalyse a new wave of energy infrastructure in the US.

Today, Shah is Co-Managing Partner at Multiplier, an advisory firm supporting the growth of climate and cleantech companies.

Alongside his leadership and advisory roles, Jigar Shah continues to shape the public conversation around energy, innovation and sustainability.

In 2024, he was featured on the TIME100 list of the world’s most influential people, recognising his role in reshaping how clean technologies are financed and adopted at scale.

Jigar Shah said: “I am honoured to be appointed to the Novo Advisory Group (NAG). I look forward to leveraging my expertise within financing and clean energy to help Novo Holdings’ mission of making meaningful investments to improve planetary health.”

About Jigar Shah
US citizen

Career highlights
2025–               Co-Managing Partner, Multiplier

2021–2025      Director, US Department of Energy Loan Programs Office

2013–2021       Co-Founder and President, Generate Capital

2009–2012      Founding CEO, Carbon War Room

2003–2008     Founding CEO, SunEdison LLC

2000–2003     Business Development, BP Solar

1997–1999       Analyst, Energetics

Education
Jigar holds an MBA in Finance and Strategy from the University of Maryland as well as a BSc in Mechanical Engineering from the University of Illinois Urbana-Champaign.