Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Agents of Impact: Scott Jacobs and Jigar Shah, Generate Capital



ImpactAlpha, Feb. 21 – Cost curves for renewables are falling fast and everything needs to be rebuilt. Welcome to the resource revolution that Scott Jacobs and Jigar Shah spotted years ago.

Jacobs and Shah founded Generate in 2014 and this month closed on $1 billion in financing. The capital will be invested in long-term sustainable-infrastructure-as-a-service to roll out solar, battery storage, electric vehicles, wastewater treatment, energy efficiency and other solutions that more than pay for themselves over time. 

Generate Capital raises $1 billion to scale sustainable infrastructure-as-a-service

Shah, in particular, is known for being a step ahead in the transition to the low-carbon economy. He founded SunEdison, where he pioneered “no-money-down solar” and unlocked a multi-billion-dollar market.

Jacobs co-founded the clean technologies practice at McKinsey & Co. The future is “democratized, digitized, decentralized, and decarbonized,” he told ImpactAlpha. We already have the solutions needed to solve energy poverty, water scarcity and climate change, he says. “You don’t need to reinvent the world, you just need to rebuild it.”

Generate owns and operates sustainable infrastructure for companies, schools and cities. Generate’s investors include AustralianSuper, Queensland Investment Corp., Railways Pension in the U.K. and AP2 in Sweden.

“It matters a lot that they’re paying attention,” Shah told Greentech Media. “If we’re going to save the world from climate change, these are the guys who are going to have to weigh in on whether this is a good investment.” 

After Building SunEdison, Jigar Shah Eyes $1 Trillion Opportunities

You might also like...