Gireesh Shrimali is a Precourt Scholar at the Sustainable Finance Initiative at Stanford University. He is also a visiting scholar at the Energy Technologies Division at Lawrence Berkeley National Lab as well as at the Center for Climate Finance and Investment at Imperial College. Previously, he was the Director of Climate Policy Initiative’s India Program, and a Research Fellow at the Steyer-Taylor Center for Energy Policy and Finance at Stanford University. He has taught at the Middlebury Institute of International Studies, Monterrey as well as the Indian School of Business, Hyderabad.

His current research focus is on renewable energy finance and policy; in general, on the catalytic role of finance in getting to the 2C climate target; and, in particular, on pathways for provision of low-cost, long-term capital for clean energy transition. His work has also included topics such as analysis of India’s renewable policies; the impact of federal and state policy on the development and deployment of renewable energy in the U.S.; and business models for off-grid energy in developing countries.

He holds a PhD from Stanford University, an MS from the University of Minnesota, Minneapolis, and a BTech from the Indian Institute of Technology, New Delhi. Prior to his academic/research career, he has over nine years of industry experience designing high-speed networking and computing systems.

Academic Appointments

  • Social Science Research Scholar, Precourt Institute for Energy

All Publications

  • Role of policy in the development of business models for battery storage deployment: Hawaii case study ENERGY POLICY Kumar, A., Shrimali, G. 2021; 159
  • Financial Instruments to Address Renewable Energy Project Risks in India ENERGIES Shrimali, G. 2021; 14 (19)

    View details for DOI 10.3390/en14196405

    View details for Web of Science ID 000709406800001

  • Getting to India's electric vehicle targets cost-effectively: To subsidize or not, and how? ENERGY POLICY Shrimali, G. 2021; 156
  • Financial Performance of Renewable and Fossil Power Sources in India SUSTAINABILITY Shrimali, G. 2021; 13 (5)

    View details for DOI 10.3390/su13052573

    View details for Web of Science ID 000628569800001

  • Managing power system flexibility in India via coal plants ENERGY POLICY Shrimali, G. 2021; 150
  • Battery storage manufacturing in India: A strategic perspective JOURNAL OF ENERGY STORAGE Kumar, A., Shrimali, G. 2020; 32
  • Drivers of solar deployment in India: A state-level econometric analysis RENEWABLE & SUSTAINABLE ENERGY REVIEWS Shrimali, G., Agarwal, N., Donovan, C. 2020; 133
  • A Credit Guarantee Scheme for Rooftop Solar in India JOURNAL OF STRUCTURED FINANCE Shrimali, G. 2020; 26 (2): 64-82
  • Scaling reliable electricity access in India: A public-private partnership model ENERGY FOR SUSTAINABLE DEVELOPMENT Shrimali, G., Sen, V. 2020; 55: 69–81
  • Making India's power system clean: Retirement of expensive coal plants ENERGY POLICY Shrimali, G. 2020; 139
  • A Payment Security Mechanism for Off-Taker Risk in Renewable Energy Projects in India JOURNAL OF STRUCTURED FINANCE Shrimali, G., Singh, V., Atal, V. 2019; 25 (2): 87–99
  • The perform, achieve and trade scheme in India: An effectiveness analysis RENEWABLE & SUSTAINABLE ENERGY REVIEWS Bhandari, D., Shrimali, G. 2018; 81: 1286–95
  • Renewable Energy in India: Solutions to the Financing Challenge Asie Visions Shrimali, G. 2018
  • The effectiveness of federal renewable policies in India RENEWABLE & SUSTAINABLE ENERGY REVIEWS Shrimali, G., Srinivasan, S., Goel, S., Nelson, D. 2017; 70: 538-550
  • Did accelerated depreciation result in lower generation efficiencies for wind plants in India: An empirical analysis ENERGY POLICY Shrimali, G., Pusarla, S., Trivedi, S. 2017; 102: 154-163
  • Data for development: The case for an Indian energy information administration ENERGY RESEARCH & SOCIAL SCIENCE Rai, V., Tongia, R., Shrimali, G., Abhyankar, N. 2017; 25: 105–9
  • India needs agency for energy data NATURE Tongia, R., Rai, V., Shrimali, G. 2017; 541 (7635): 30

    View details for PubMedID 28054611

  • Designing renewable energy auctions for India: Managing risks to maximize deployment and cost-effectiveness RENEWABLE ENERGY Shrimali, G., Konda, C., Farooquee, A. 2016; 97: 656–70
  • Cost-effective policies for reaching India's 2022 renewable targets RENEWABLE ENERGY Shrimali, G., Trivedi, S., Srinivasan, S., Goel, S., Nelson, D. 2016; 93: 255-268
  • Making renewable energy competitive in India: Reducing financing costs via a government-sponsored hedging facility ENERGY POLICY Farooquee, A., Shrimali, G. 2016; 95: 518–28
  • Forest cover increase in India: The role of policy and markets FOREST POLICY AND ECONOMICS Raghavan, R., Shrimali, G. 2015; 61: 70–76
  • Evaluating Renewable Portfolio Standards for In-State Renewable Deployment: Accounting for Policy Heterogeneity ECONOMICS OF ENERGY & ENVIRONMENTAL POLICY Shrimall, G., Chan, G., Jenner, S., Groba, F., Indvik, J. 2015; 4 (2): 127–42
  • Has India's Solar Mission increased the deployment of domestically produced solar modules? ENERGY POLICY Shrimali, G., Sahoo, A. 2014; 69: 501-509
  • 'Oorja' in India: Assessing a large-scale commercial distribution of advanced biomass stoves to households ENERGY FOR SUSTAINABLE DEVELOPMENT Thurber, M. C., Phadke, H., Nagavarapu, S., Shrimali, G., Zerriffi, H. 2014; 19: 138–50


    Replacing traditional stoves with advanced alternatives that burn more cleanly has the potential to ameliorate major health problems associated with indoor air pollution in developing countries. With a few exceptions, large government and charitable programs to distribute advanced stoves have not had the desired impact. Commercially-based distributions that seek cost recovery and even profits might plausibly do better, both because they encourage distributors to supply and promote products that people want and because they are based around properly-incentivized supply chains that could more be scalable, sustainable, and replicable. The sale in India of over 400,000 "Oorja" stoves to households from 2006 onwards represents the largest commercially-based distribution of a gasification-type advanced biomass stove. BP's Emerging Consumer Markets (ECM) division and then successor company First Energy sold this stove and the pelletized biomass fuel on which it operates. We assess the success of this effort and the role its commercial aspect played in outcomes using a survey of 998 households in areas of Maharashtra and Karnataka where the stove was sold as well as detailed interviews with BP and First Energy staff. Statistical models based on this data indicate that Oorja purchase rates were significantly influenced by the intensity of Oorja marketing in a region as well as by pre-existing stove mix among households. The highest rate of adoption came from LPG-using households for which Oorja's pelletized biomass fuel reduced costs. Smoke- and health-related messages from Oorja marketing did not significantly influence the purchase decision, although they did appear to affect household perceptions about smoke. By the time of our survey, only 9% of households that purchased Oorja were still using the stove, the result in large part of difficulties First Energy encountered in developing a viable supply chain around low-cost procurement of "agricultural waste" to make pellets. The business orientation of First Energy allowed the company to pivot rapidly to commercial customers when the household market encountered difficulties. The business background of managers also facilitated the initial marketing and distribution efforts that allowed the stove distribution to reach scale.

    View details for PubMedID 25814822

  • The impact of state policy on deployment and cost of solar photovoltaic technology in the U.S.: A sector-specific empirical analysis RENEWABLE ENERGY Shrimali, G., Jenner, S. 2013; 60: 679–90
  • The effectiveness of domestic content criteria in India's Solar Mission ENERGY POLICY Sahoo, A., Shrimali, G. 2013; 62: 1470-1480
  • Renewable deployment in India: Financing costs and implications for policy ENERGY POLICY Shrimali, G., Nelson, D., Goel, S., Konda, C., Kumar, R. 2013; 62: 28–43
  • Renewable energy certificate markets in India-A review RENEWABLE & SUSTAINABLE ENERGY REVIEWS Shrimali, G., Tirumalachetty, S. 2013; 26: 702–16
  • Assessing the impact of the transition to Light Emitting Diodes based solar lighting systems in India ENERGY FOR SUSTAINABLE DEVELOPMENT Harish, S. M., Raghavan, S. V., Kandlikar, M., Shrimali, G. 2013; 17 (4): 363–70
  • Is disaggregation the holy grail of energy efficiency? The case of electricity ENERGY POLICY Armel, K. C., Gupta, A., Shrimali, G., Albert, A. 2013; 52: 213-234
  • India's solar mission: A review RENEWABLE & SUSTAINABLE ENERGY REVIEWS Shrimali, G., Rohra, S. 2012; 16 (8): 6317–32
  • The impact of state financial incentives on market deployment of solar technology ENERGY POLICY Sarzynski, A., Larrieu, J., Shrimali, G. 2012; 46: 550–57
  • Optimal Feed-in Tariff Schedules IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT Shrimali, G., Baker, E. 2012; 59 (2): 310–22
  • Improved stoves in India: A study of sustainable business models ENERGY POLICY Shrimali, G., Slaski, X., Thurber, M. C., Zerriffi, H. 2011; 39 (12): 7543-7556
  • Are government policies effective in promoting deployment of renewable electricity resources? ENERGY POLICY Shrimali, G., Kniefel, J. 2011; 39 (9): 4726–41
  • Cooperative Interdomain Traffic Engineering Using Nash Bargaining and Decomposition IEEE-ACM TRANSACTIONS ON NETWORKING Shrimali, G., Akella, A., Mutapcic, A. 2010; 18 (2): 341–52
  • Bill-and-Keep peering TELECOMMUNICATIONS POLICY Shrimali, G., Kumar, S. 2008; 32 (1): 19-32