It’s Official: Steven Chu Officially Leaving DOE

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Last month we reported on the likely departure of Dr. Steven Chu as head of the DOE and we listed some potential replacements.

But there have been conflicting statements as to Chu’s current status.

Bloomberg reports that Chu’s resignation announcement is imminent. In response two weeks ago, the DOE issued a statement saying that, “Dr. Chu is focused on his job as secretary each day and hasn’t made any announcements about his future plans.” That came from Bill Gibbons, Energy Department spokesman, in an e-mailed statement.

Well, it is now official. Energy Secretary Steven Chu has just announced he intends to resign once a successor is named.

Ninja billionaire hedge-fund manager and advanced energy advocate, Tom Steyer, is reportedly on the short list of replacements.

Steyer is the founder of Farallon Capital Management and the co-founder of OneCalifornia Bank. He also created the TomKat Center for Sustainable Energy at Stanford University.  Last year Steyer said, “The failure of Solyndra has cast a shadow over advanced energy in the country — especially in D.C,”  at an ACORE-sponsored Renewable Energy Finance and Investment Network event in San Francisco, California.

The picture being painted in the press is very misleading, according to Steyer. Steyer gave some reasons to be cheerful including a new miles-per-gallon standard and that the majority of respondents in a field poll support carbon legislation.

Steyer made a distinction between renewable energy and advanced energy. Steyer views the shift from coal to natural gas and the focus on energy efficiency as part of this move to advanced energy.

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