David Crane, NRG Energy’s former CEO who abruptly resigned in December 2015 after making a series of green investments that failed to pan out, is now working for the Biden administration to manage billions of taxpayer dollars designated for green energy projects.
During Crane’s tenure at NRG, his large investments in green energy projects yielded poor returns for investors and devastated the firm’s stock price, prompting his resignation from the company, according to The Wall Street Journal. Crane now serves as the DOE’s undersecretary for infrastructure, where he is tasked with shelling out billions of taxpayer dollars from the Inflation Reduction Act (IRA) and the bipartisan infrastructure law to subsidize hydrogen energy, carbon capture and other green technologies, according to E&E News.