Ep. 197: Rob Hanson, Co-Founder & CEO of Monolith, and Jigar Shah, Director of the Loan Programs Office at US DOE

Today's guests are Rob Hanson, CEO & Co-Founder of Monolith, and Jigar Shah, Director of the Loan Programs Office, at U.S. Department of Energy. Rob is the co-founder and chief executive officer of Monolith, where he leads the development of next-generation technology for producing low cost, low emission hydrogen and carbon black, an important raw material used in the manufacture of rubber and plastic. Prior to Monolith, Hanson served as the global director of product management for AREVA Solar, the solar division of the world's largest nuclear company. He has a master's degree in mechanical engineering from Stanford, and has been a guest lecturer at Stanford, UNL, Foothill College and the University of Saskatchewan on topics ranging from thermodynamics to entrepreneurship. Jigar was most recently co-founder and President at Generate Capital, where he focused on helping entrepreneurs accelerate decarbonization solutions through the use of low-cost infrastructure-as-a service financing. Prior to Generate Capital, Shah founded SunEdison, a company that pioneered "pay as you save" solar financing. After SunEdison, Shah served as the founding CEO of the Carbon War Room, a global non-profit founded by Sir Richard Branson and Virgin Unite to help entrepreneurs address climate change. Originally from Illinois, Shah holds a B.S. from the University of Illinois-UC and an MBA from the University of Maryland College Park. I was eager for Rob and Jigar to come back on the show to discuss Monolith's recent $1B loan from the DOE's Loan Programs Office. Rob provides us with an overview of Monolith, key phases of the company thus far, and the motivations for seeking public funding. Jigar explains his role at the LPO, why traditional VCs aren't built for early-stage climatetech, and how the private and public sectors can address climate change. We also discuss the government's role in the carbon-free future, how to re-align incentives for traditional funders, and advice Rob and Jigar have for entrepreneurs in the climate space. This is a great episode and a must-listen for anyone at the intersection of climate and finance. Enjoy the show! You can find me on twitter @jjacobs22 or @mcjpod and email at [email protected], where I encourage you to share your feedback on episodes and suggestions for future topics or guests. Episode recorded February 7th, 2022