16-05-2025
DOE to name new loan program director
The Department of Energy is preparing to name Greg Beard, a former energy investor and bitcoin operator, as the new head of the embattled Loan Programs Office, according to internal documents circulating at DOE and viewed by POLITICO's E&E News.
Beard joined DOE in recent weeks as a political appointee.
He stopped serving as CEO of Stronghold Digital Mining in March, according to his LinkedIn profile. The company produced bitcoin, a cryptocurrency, by burning waste coal in Pennsylvania before being sold to Bitfarms. Earlier in his career, Beard invested in energy projects at Apollo Global Management.
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The internal documents discuss the departure of current director Lane Genatowski, referencing his 'goodbye messaging.' Genatowski, a DOE veteran, took the helm of the LPO less than two months ago. If appointed, Beard would be the third LPO director since President Donald Trump's inauguration.
