Wednesday, 31 August 2016

GE joins with the MIT energy initiative to develop technologies for transforming global energy systems

 GE will participate in MITEI’s Low-Carbon Energy Centers to advance R&D in solar energy, energy storage, and electric power systems


GE on August 30th, 2016 announced it will be joining with the MIT Energy Initiative (MITEI) to fund advanced technology solutions to help transform global energy systems.
As a Sustaining Member of MITEI, GE will commit a total of USD 7.5 million over a five-year period (USD 1.5 million annually) and play an active role in MITEI’s research and project priorities.

Solar energy, energy storage, electric power systems
Specifically, GE will participate in four of MITEI’s Low-Carbon Energy Centers to advance research and development (R&D) in key technology areas for meeting future energy needs: solar energy; energy storage, electric power systems, and carbon capture, utilization and storage.
“The world will need 50 percent more power in the next 20 years,” said Steve Bolze, president & CEO of GE Power.
“GE and MITEI are proud to be working together to find new solutions to develop cleaner, more affordable and accessible energy solutions that will address this need. Together we will leverage our collective capabilities, research and technology solutions to help improve efficiency while reducing the impact of electricity generation on the environment.”

Initiative includes EDF, Exelon, and Duke Energy
GE will participate in supporting MIT faculty and student research through MITEI. Several GE customers are also members working with the initiative, including EDF, Exelon Corporation and Duke Energy. MITEI’s relationship with GE will engage and involve all of GE’s energy-related businesses.
MITEI’s Low-Carbon Energy Centers, announced last fall as a key component of MIT’s Plan for Action on Climate Change, represent a major part of MIT’s commitment to address climate change through engagement with industry, government and the philanthropic community. 
source: http://www.solarserver.com

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