Former Indiana Gov. Eric Holcomb lands director job on clean energy developer's board
Former Indiana Gov. Eric Holcomb and executives from Doral Renewables LLC break ground on the Mammoth Solar project in Northwest Indiana in October 2021. (Photo courtesy Holcomb's Flickr)
Former Indiana Gov. Eric Holcomb's first role since leaving state office will be as board director for a Philadelphia-based renewable energy developer.
Doral Renewables LLC announced Holcomb's board appointment on Thursday, less than three months after the two-term Republican governor's tenure came to end.
After eight years in office, Holcomb passed the baton to Gov. Mike Braun in January.
'I couldn't be more excited to join the relationship-centric team at Doral Renewables,' Holcomb said in a written statement. 'Doral's world-class vision and mission are both critically important to meet the communities' needs and provide them with economic opportunities and increased energy demand we are going to experience in the upcoming years. I look forward to strategically assisting Doral as the months and years unfold.'
Outgoing Indiana Gov. Eric Holcomb looks back on eight years in office — and at what's next
Holcomb, 56, had previously resisted speculation on where he might go — or what he would do — after completing his role in state government. He and his wife, Janet, have since moved from the governor's residence to a home just northwest of Indianapolis.
Doral Renewables describes itself as an 'an independent power producer' specializing in greenfield development — meaning new construction projects on undeveloped land — of utility-scale renewable energy projects.
The company's 14-gigawatt portfolio includes the 1.3-gigawatt Mammoth Solar complex in Indiana and the 1.2-gigawatt Vista Sands Solar project in Wisconsin. The Indiana project — which spans 13,000 acres across Starke and Pulaski counties — is expected to power roughly a quarter-million households once complete, according to company officials.
Holcomb cited the project in his 2022 State of the State address, calling it 'an incredible investment and confidence in the state of Indiana and its people,' and emphasized the significant economic and environmental benefits coming to Northwest Indiana, as a result.
Holcomb, along with leaders of Indiana's Economic Development Corporation (IEDC), held multiple meetings and public engagements with project executives from Doral Renewables in both Indiana and Israel. The U.S.-based developer has roots in Israel and is backed by both Israeli and U.S. investors.
'Governor Holcomb brings decades of exceptional experience in policymaking and economic development. His vision and leadership have resulted in record-breaking investments in Indiana,' said Nick Cohen, president and CEO of Doral Renewables. 'His innovative mindset aligns with our farmer community, especially as we continue to enhance our agrivoltaics deployment efforts, benefiting both the national grid by diversifying energy resources and cost reduction as well as local farmers by maximizing land use and creating additional revenue streams.'
SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
15 minutes ago
- Yahoo
Clean energy tax cuts in reconciliation budget would stall renewable energy projects in Iowa
Wind turbines along west-bound Interstate 80 on March 29, 2025. (Photo by Cami Koons/Iowa Capital Dispatch) Clean energy advocates said Iowa stands to lose jobs, manufacturing facilities, renewable energy project expansions and face more expensive utility bills if Congress passes the budget reconciliation bill as is. Many of these credits were extended via the Biden-era Inflation Reduction Act, which put them under attack from Republican lawmakers opposed to the green policies. Renewable energy advocates say continued investment into wind, solar and other clean energy sources, regardless of environmental impact, is vital to meeting growing energy demands. Nearly three-fifths of Iowa's total electricity generation comes from renewable sources, according to the U.S. Energy Information Administration, which also reports Iowa is one of the top states for solar and wind energy generation. Since 2019, Iowa has generated more electricity via wind than from coal and continues to grow its solar production. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX Kristina Costa, who formerly worked at the White House implementing the Inflation Reduction Act's energy and climate policies, said the IRA established at least 10 years of tax credits to support clean energy industries, which launched new projects and expanded the industry. 'The House bill that the Republicans passed explodes that entire paradigm,' Costa said. 'It functions as a full repeal of the Inflation Reduction Act.' Costa, during a Thursday press conference with Climate Power, said the bill 'really radically' changes how clean electricity developers can plan and develop their projects, by eliminating the ability to 'lock in' a tax treatment at the start of construction. 'This is going to create a lot of uncertainty for project developers,' Costa said. 'It's going to raise financing costs for project developers pretty considerably … but it also just means that fewer projects will end up qualifying for the credits.' Clean energy tax credits impact transportation, power generation, industry and construction and create incentives for projects like renewable vehicle fuels, solar, wind, nuclear power generation and more. Per the reconciliation bill text as it passed the House May 22, the bill would terminate clean vehicle credits, residential energy efficiency credits, hydrogen fuel credits and place restrictions on credits for clean electricity production, zero-emission nuclear energy production and other sectors. Some of the restrictions include strict construction timeline requirements, like beginning construction within 60 days of enactment, and bringing the projects online by 2028. Costa said these timelines create an 'incredibly sharp cliff' for developers to work within for projects that often take years and can face lengthy setbacks from supply chain disruptions. The budget bill also has extensive language pertaining to and restricting projects that have any ties to foreign entities. Costa said these restrictions are 'very complicated, unworkable, Byzantine requirements' that impose 'a lot of red tape' for developers and would have the 'immediate effect of freezing the market.' She said it would require companies to understand where 'literally every nut, bolt, screw and wire in a project they are building comes from' and certify that it does not have any ties to China or to Russia. Costa said gutting these policies will lead to increased energy costs for American customers. A study from Clean Energy Buyers Association analyzed the impact of removing just two clean energy tax credit programs, and found it would cause an average increase of 7% for residential electricity costs. Part of the problem is an anticipated 2% energy demand increase nationwide, in 2025 and again in 2026, according to the EIA. Much of that energy demand is a result of battery manufacturing and data centers. Iowa alone has roughly 100 data centers, which is one of the largest concentrations in the midwest. 'The near term additions to the grid are going to come from renewables, or they're supposed to come from renewables under the current tax regime,' Costa said. 'That is why you would see these consumer electricity price increases.' A spokesperson for Alliant Energy, one of Iowa's utility companies with significant investments in solar and wind energy, said the company is monitoring the bill. A spokesperson for MidAmerican Energy declined to comment on the pending legislation. Earlier this year, NextEra Energy proposed restarting its Duane Arnold Energy Center, a nuclear plant near Palo. A representative from the company did not answer questions about the impact the Republican-sponsored bill would have on the Iowa project. A study from The Nature Conservancy found that clean energy tax credits in Iowa alone would add more than $238 million in annual economic value to Iowa, if left intact through 2032. Repeal of the credits would also affect associated manufacturing companies, like those that make solar panel parts, or wind turbine blades. Analysis from Climate Power found 400,000 jobs nationwide would be in jeopardy without the tax credits supporting the expanding industry. Joe Zimsen, an Iowa resident with 10 years of construction experience in the wind industry, said the IRA created a 'tremendous amount of hope' among his colleagues in the industry that has now 'disintegrated' because of budget bill. Zimsen formerly worked on wind projects near Grinnell, but now works for Renew Energy as a construction manager for off-shore wind projects. He and his family still live in Iowa, and he urged Iowa senators to oppose the bill as it is currently written. 'This policy of killing offshore and onshore wind and solar energy is going to have tremendous detrimental effects and set us back another 10 to 15 years behind our competitors, like China and Europe,' Zimsen said. 'We can't afford to do that.' U.S. Sen. Chuck Grassley said Tuesday that wind energy incentives have been at risk since 2015 when he worked to extend them, and he said he senators would try to find a 'compromise' on them again, Radio Iowa reported. But, the so-called, 'big beautiful bill' comprises much more than just clean energy concerns, which Grassley said means one issue can't 'stand in the way' of the rest of the bill. U.S. Sen. Joni Ernst's office did not respond to requests for comment. SUPPORT: YOU MAKE OUR WORK POSSIBLE

Yahoo
15 minutes ago
- Yahoo
DOGE can access sensitive Social Security records, Supreme Court rules
The Department of Government Efficiency can have unimpeded access to sensitive Social Security records for millions of people, the Supreme Court ruled Friday. The justices granted the Trump administration's emergency request to lift a lower-court order that had blocked a DOGE team assigned to the Social Security Administration from viewing or obtaining personal information in the agency's systems. The court's majority provided no detailed explanation for its ruling, but in a three-paragraph unsigned order, the majority wrote: 'We conclude that, under the present circumstances, SSA may proceed to afford members of the SSA DOGE Team access to the agency records in question in order for those members to do their work.' The three liberal justices dissented. In a 10-page dissent, Justice Ketanji Brown Jackson wrote that the decision creates 'grave privacy risks for millions of Americans.' Trump administration lawyers claimed the DOGE team members needed unfettered access to Social Security's data in order to detect and halt fraudulent payments, but a federal judge in Maryland ruled that the breadth of DOGE's access violated federal law and put the data at risk of intentional or unintentional disclosure. The legal fight over DOGE's access to Social Security data is one of several that broke out in the early weeks of Trump's second term as the budget-slashing team overseen by Tesla and SpaceX founder Elon Musk fanned out across the federal government. In response to lawsuits, federal judges also limited DOGE access to sensitive databases at the Treasury and Education departments, as well as the Office of Personnel Management. Some of the restrictions have been eased over time as the Trump administration convinced the judges that adequate safeguards were in place to avoid disclosure of personal information. U.S. District Judge Ellen Hollander, a Baltimore-based Obama appointee, blocked DOGE's access to Social Security's databases, which include tax and wage reports as well as retirement and disability payments. In her March ruling, she concluded that the access granted to the cost-cutting team violated the Privacy Act because agency officials did not show that it was necessary to include identifying information in order to carry out the search for fraudulent payments. Justice Department lawyers defending the move offered only 'cursory, circular statements' to justify the DOGE team's access, the judge said. However, Solicitor General John Sauer told the Supreme Court that the limits Hollander imposed interfered with President Donald Trump's ability to carry out his 'critically important' agenda to eliminate wasteful spending and update archaic systems at federal agencies. 'Employees charged with modernizing government information systems and routing [sic] out fraud, waste, and abuse in data systems plainly need access to those systems,' Sauer wrote. 'District courts should not be able to wield the Privacy Act to substitute their own view of the government's 'needs' for that of the President and agency heads.' In her dissent Friday, Jackson said the government had presented 'next to nothing' to explain what harm the DOGE operation or the Social Security Administration would suffer if the limits the lower-court ordered remained in place. The Biden-appointed justice also contended that her conservative colleagues were bending the court's usual standards to allow the Trump administration to pursue its favored course of action. 'It seems as if the Court has truly lost its moorings,' Jackson wrote, joined by Justice Sonia Sotomayor. 'The Court is … unfortunately, suggesting that what would be an extraordinary request for everyone else is nothing more than an ordinary day on the docket for this Administration.' Justice Elena Kagan also dissented from the court's order, but did not provide any explanation of her views. Among the projects DOGE staffers were working on at Social Security was one targeting improper payments to dead people. Trump has frequently falsely claimed that large numbers of deceased people receive Social Security checks, including earlier this year during a high-profile address in March to a joint session of Congress. 'One person is listed at 360 years of age … More than 100 years older than our country,' Trump said. 'But we're going to find out where that money is going, and it's not going to be pretty.' Musk also made staggering claims, suggesting in a social media post that 20 million people over 100 years of age were receiving Social Security. However, computer experts said most of the outlandishly implausible ages were the product of a default setting in the 60-year-old COBOL programming language, which interprets incomplete or missing age data as the system's oldest possible date in 1875. Musk's term as a special government employee ended last week with Trump hosting an Oval Office send-off for the tech entrepreneur. While the pair were upbeat and complimentary there, Musk's escalating attacks on Trump's budget bill currently before Congress led to a spectacular flame-out of the relationship in recent days, with Trump threatening to cut government contracts to Musk's businesses and Musk accusing Trump of delaying the release of FBI records that could be embarrassing to him.

USA Today
28 minutes ago
- USA Today
The post-fight fallout from Trump-Musk battle could get even uglier
The post-fight fallout from Trump-Musk battle could get even uglier Show Caption Hide Caption Six takeaways from the President Donald Trump, Elon Musk feud From disappointment to threats, here are six takeaways from the public spat between President Donald Trump and Elon Musk. WASHINGTON – If you think the thermonuclear blowout between President Donald Trump and tech billionaire Elon Musk was bad, wait until the asset-splitting part of the divorce gets underway. The battle royale between the world's most powerful man and its richest inhabitant appears to be mostly over, save for some residual skirmishing on the social media platforms separately owned by Trump and Musk. Neither man can convincingly declare himself a winner in the dissolution of a partnership so mutually beneficial that it helped propel one to the White House and the other to even more ungodly amounts of wealth in the form of government contracts and regulatory relief. The fight began over Musk's public criticism of Trump's 'Big Beautiful' budget bill and the projected $2.5 trillion increase it would cause to the federal deficit. But it devolved into a mudslinging spectacle that included Musk publicly accusing Trump of blocking the release of the Jeffrey Epstein sex trafficking files held by the Justice Department because he's implicated in them. But who will lose most when the proverbial dust from the dustup finally settles? 'I don't think anybody knows,' said veteran Republican political strategist Doug Heye. 'Clearly, what we've seen just in the past few months is that if Trump views you as an enemy, he's going to try and use levers of government against you,' said Heye, a senior official since 1990 who served in the George W. Bush White House, the House and Senate and on the Republican National Committee. 'And it may be that some of his supporters, or a lot of his supporters, want that. We'll have to see.' What does Musk stand to lose? The White House said June 6 that Trump was considering selling the Tesla Model S he purportedly purchased from the CEO of the electric car company when its stock was tanking as a result of Americans opposed to Musk's tactics as head of the cost-cutting Department of Government Efficiency. More: 'Elon is going to get decimated:' How Trump's feud with the world's richest man might end Within hours of the Trump-Musk fight going public on June 5, Tesla shares dropped 15%, wiping over $100 billion from the company's $1 trillion market value. More broadly, Musk's various companies have benefited from at least $38 billion in government contracts, loans, subsidies and tax credits over the past two decades, often at critical moments. Most have come from contracts between his SpaceX satellite firm and the Department of Defense and the National Aeronautics and Space Administration (NASA). And while Musk's myriad businesses are deeply intertwined with the U.S. government in the form of multi-year contracts, his feud with Trump jeopardizes those, too. Also at risk: Musk's burgeoning projects like self-driving cars and trucks, protections from tariffs and other proposed alliances with the government. Musk has also used his Trump connections to sell his Starlink satellite communications services to various U.S. agencies and foreign governments, as well as his The Boring Company tunneling firm, his xAI artificial intelligence firm and other products. More: President Trump threatens Elon Musk's billions in government contracts as alliance craters Without Trump's support, those current and proposed government contracts could dwindle or disappear, though the latter likely would result in protracted litigation. Trump could also, conceivably, sign an executive order to seize SpaceX under the Defense Production Act and even deport Musk for immigration violations, two nuclear options proposed Thursday by former Trump advisor Steve Bannon. What does Trump stand to lose? While Trump controls the levers of government, Musk has at least one ace in the hole – his control over X, which he claims not only handed Trump his November election victory but also Republican control of the House and possibly Senate. Musk is already using X – and his 220.8 million followers on it – to try to turn public opinion against Trump after trashing Trump's deficit-hiking budget bill. Musk said this week he would pull SpaceX's support of its Dragon spaceship that ferries astronauts and supplies to the International Space Station. He's predicted that Trump's tariffs would cause a recession this year. The tech billionaire has also conducted one of his rhetorically slanted polls on X to see how many people want a third political party 'that actually represents the 80% in the middle' between the Republican and Democratic parties. Its results, pinned to the top of Musk's X profile, were predictably in favor of it, 80.4% to 19.6%. Those kinds of broadsides could be a particularly powerful cudgel against Trump just five months into his second term. Musk could also wield a political tactic he's used to help Trump in the past, but this time, financing opponents of his political candidates in the upcoming mid-term elections. A win-win for both Trump and Musk? Heye said that despite all the incendiary rhetoric, there's still room for reconciliation or even a public recoupling. Heye, the veteran GOP official, cited the case of Reince Priebus, Trump's former White House Chief of Staff, who found out Trump fired him on a rainy airport Tarmac in 2017 after traveling with the President on Air Force One. Priebus was forced to find his own way home, Heye said, but soon found himself back in Trump's good graces. 'A relationship with Donald Trump going south is not something new in this political world,' Heye said. 'But Donald Trump always allows people to come back if they say the right things.' Already, Musk has appeared to back down from his threat of taking his Dragon spacecraft out of operation, after an X poster told him, "This is a shame this back and forth. You are both better than this. Cool off and take a step back for a couple days." In response, Musk replied late Thursday, "Good advice. Ok, we won't decommission Dragon."