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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