The partners will collaborate through MIT Energy Initiative to leverage their collective research capacities and technology to find new energy solutions that will result in the development of cleaner and affordable energy
August 30, 2016
General Electric and Massachusetts Institute of Technology have teamed up to retool global energy systems through advanced technology solutions that will help mitigate impacts of climate change on the environment.
The partners will collaborate through MIT Energy Initiative to leverage their collective research capacities and technology to find new energy solutions that will result in the development of cleaner and affordable energy that will meet the global needs while limiting greenhouse gas emissions and environmental impacts.
GE also pledged to invest $7.5 million into the initiative, which will be disbursed annually at $1.5 million over a five-year period, to spur and accelerate transformation of energy.
GE joins other MITEI partners, including international companies EDF, Exelon Corporation and Duke Energy, that are working on new green energy innovations and solutions, including low-and no-carbon emissions solutions, energy storage, solar energy and advanced nuclear energy systems to respond to specific energy challenges.
The MITEI, a MIT center for energy research, education and outreach that connects industry and government with world-class academic research teams, brings together leaders in innovation, business and policy to transform the energy industry to address complex energy and climate change challenges.
GE’s Power President and Chief Executive Officer Steve Bolze said in 20 years, the world will need 50 percent more power. Together with MIT, GE can “help improve efficiency while reducing the impact of electricity generation on the environment.”
Climate Change represents a major challenge of this generation and finding solutions to its impacts have become an urgency for both the public and private sectors.
“GE’s support as a Sustaining Member and engagement in MITEI’s Low-Carbon Energy Centers will be extremely valuable in spurring further technology advancements to address complex energy and climate challenges—areas where GE’s wealth of expertise and history of developing solutions dovetail with MIT’s research,” said Robert Armstrong, director of MITEI. “We are excited to welcome GE and launch this relationship.”
© 2016 THEAFRICABAZAAR Online, a publication of Imek Media, LLC. All Rights Reserved.