You may have seen the announcements we made recently with two leading American universities about partnering to develop cutting-edge energy technologies. These partnerships complement ExxonMobil’s extensive research efforts.
At the Massachusetts Institute of Technology, ExxonMobil has signed on as a member of the new low-carbon technology R&D program started by the university’s longstanding – and much heralded – Energy Initiative.
In particular, ExxonMobil will lend our technological expertise as well as our financial support to help advance its Low Carbon Energy Center for Carbon Capture, Utilization, and Storage.
ExxonMobil has worked on developing cost-effective carbon capture for decades, as I have written before. And earlier this year we partnered with FuelCell Energy, Inc., to pursue a radically different approach to carbon capture that, if proven at scale, would use carbonate fuel cells to both reduce emissions and increase power generation.
Our recent announcement with Princeton, meanwhile, updates an agreement we signed with the Ivy League school last year to support and work with its Andlinger Center for Energy and the Environment. We were attracted by the center’s focus on research in sustainable energy and environmental solutions.
As part of this partnership, last month we announced the selection of five specific research projects investigating solar energy, advanced-battery technologies, plasma physics, Arctic-ice modeling, and CO2 absorption in the world’s oceans.
These projects, if successful, could make a difference in how people produce and use energy decades from now.
I was particularly struck by something the Andlinger Center’s Lynn Loo said in helping announce these projects:
The collaboration with ExxonMobil is a win-win. ExxonMobil gains insight into new developments in emerging energy and the Princeton community benefits from industry’s view of the challenges of meeting global energy demands while being responsive to environmental impacts.
“Win-win” is a pretty apt description, but keep in mind that this marks the start – and not the end point – for what we hope will be fruitful research and scientific inquiry. We all look forward to seeing what the coming years produce.