Editor’s note: This story was updated July 2021.
That’s why ExxonMobil, in its search to develop lower-emission technologies, has created a new partnership with the National Renewable Energy Laboratory (NREL) and the National Energy Technology Laboratory (NETL).
Considered the crown jewels of American research and home to groundbreaking innovations, the U.S. Department of Energy’s National Laboratories represent a scientific network that spans the country. And ExxonMobil’s partnership will further breakthroughs in energy research, such as improved cellulosic biofuels or low-cost carbon capture technologies.
ExxonMobil has committed up to $100 million over the next 10 years into the partnership, which is among the largest of its kind.
Vijay Swarup, the company’s vice president of research and development, says the cooperation will help “open a full spectrum of innovation” propelled by collaboration between scientists from the National Laboratories and ExxonMobil.
These advancements will help address the dual challenge of providing the world with the affordable, scalable energy it needs while also mitigating the risks of climate change.