Navigation Links
MIT, Eni announce energy research partnership
Date:1/15/2008

CAMBRIDGE, Mass. - MIT and Italian energy company Eni today announced a major energy research partnership. The centerpiece of this collaboration will be a program focusing on the development of advanced solar technologies, from novel photovoltaic materials to the design of solar power plants.

Eni will also become a Founding Member of the MIT Energy Initiative (MITEI), supporting a portfolio of diverse energy research projects at the Institute.

Total funding for the partnership will be $50 million over five years. Of those funds, $25 million will establish the Eni-MITEI Solar Frontiers Research Program. The remainder will support Eni's founding membership in MITEI.

MIT President Susan Hockfield voiced strong support for the collaboration, noting that "Eni's commitment to meeting the world's energy needs through new technologies is inspiring, and we're honored by Eni confidence in MIT as a partner. We look forward to working with Eni on the science, technology and analysis critical to advancing energy security and environmental stewardship."

Hockfield also praised the agreement as "an opportunity to vault forward in developing advanced solar technologies. For a global oil and gas company like Eni to invest in renewable energy options speaks volumes about the urgent need for large-scale carbon-free energy options like solar."

Paolo Scaroni, Eni's CEO, commented: "This partnership is part of a broader initiative originated in late 2006 with the long term objective of building up a leadership role for Eni in the field of innovation and advanced technologies. The commitment to develop innovative frontiers in renewables-particularly of solar energy-is an important part of this initiative."

The Eni-MITEI Solar Frontiers Research Program will include six areas of focus:

  • Nano-structured thin film photovoltaics

  • Luminescent solar concentrators

  • Self-assembling photovoltaic materials

  • Water splitting

  • Materials for solar energy capture and storage

  • Maximizing the return on investment for solar thermal plants

As a Founding Member of MITEI, Eni will also support a range of other research projects at the Institute spanning the energy spectrum from traditional oil and gas to methane hydrates to global change to transportation options. This portfolio will include a large research project in multi-scale reservoir science for enhanced oil recovery.

Eni will also support MITEI's Energy Research Seed Fund program to fund novel energy research concepts generated from a twice-yearly campus-wide solicitation. In addition, Eni will support 10 "Eni-MIT Energy Fellows" at the Institute for each year of its five-year commitment.

Leonardo Maugeri, Group Senior Vice President for Strategies and Development at Eni, welcomed the new collaboration as "a great opportunity to team Eni's expertise with MIT's first-class ability in fostering new research and education in science and technology in order to jointly develop innovative, powerful tools, technologies and solutions to address global energy needs and challenges."

Professor Ernest J. Moniz, director of MITEI, also applauded the collaboration. "This is an exciting partnership, notable for its boldness in addressing a multiplicity of key challenges at the energy-environment frontier. We deeply appreciate Eni's confidence in MIT faculty and students to carry out this research and educational agenda in close cooperation with Eni's researchers."

As part of its Founding Member research portfolio, Eni will also be supporting research in evaluation methodologies for the commercial potential of energy start-ups and novel energy technologies. Moniz noted that "to meet the world's energy needs we will likely need partnerships between entrepreneurial energy technology innovation companies and companies with global distribution networks, such as Eni. This investment, while a relatively small part of the Eni-MITEI research portfolio, could pay big dividends in the future by strengthening a key link in the energy innovation chain."


'/>"/>

Contact: Elizabeth Thomson
thomson@mit.edu
617-258-5402
Massachusetts Institute of Technology
Source:Eurekalert

Related biology news :

1. Selexis Announces Advanced Approach to Maximize Power of Genetic Elements for Rapid Development of High Performance Cell Lines
2. LaserCard Corporation Announces Expansion of Middle East Project
3. BIO-key(R) Announces Contracts for New Criminal Justice Data Sharing Solution
4. Saflink and IdentiPHI Announce Merger Agreement
5. Balzan Foundation announces 2007 winners
6. The American Society of Plant Biologists announces 2007 awards
7. ASPB announces Summer Undergraduate Research Fellowship 2007 recipients
8. Saflink and IdentiPHI Announce Merger Agreement
9. NIST announces 56 new awards for innovative technology research and development
10. Titanium Group Announces Contract With Haitong Securities
11. Costa Rica, US announce historic debt-for-nature swap
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/28/2016)... 28, 2016 First quarter 2016:   ... compared with the first quarter of 2015 The gross ... M (loss: 18.8) and the operating margin was 40% (-13) ... Cash flow from operations was SEK 249.9 M (21.2) , ... is unchanged, SEK 7,000-8,500 M. The operating margin for ...
(Date:4/15/2016)... 2016 Research and Markets has ... Market 2016-2020,"  report to their offering.  , ... ,The global gait biometrics market is expected to ... period 2016-2020. Gait analysis generates multiple ... used to compute factors that are not or ...
(Date:3/29/2016)... 29, 2016 LegacyXChange, Inc. (OTC: ... and SelectaDNA/CSI Protect are pleased to announce our successful ... a variety of writing instruments, ensuring athletes signatures against ... collectibles from athletes on LegacyXChange will be assured of ... DNA. Bill Bollander , CEO states, ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... ... 23, 2016 , ... UAS LifeSciences, one of the leading ... UP4™ Probiotics, into Target stores nationwide. The company, which has been manufacturing high ... its list of well-respected retailers. This list includes such fine stores as Whole ...
(Date:6/23/2016)... June 23, 2016 /PRNewswire/ - FACIT has announced ... biotechnology company, Propellon Therapeutics Inc. ("Propellon" ... commercialization of a portfolio of first-in-class WDR5 inhibitors ... such as WDR5 represent an exciting class of ... precision medicine for cancer patients. Substantial advances have ...
(Date:6/23/2016)... 23, 2016 Houston Methodist Willowbrook Hospital ... Sports Association to serve as their official health ... Methodist Willowbrook will provide sponsorship support, athletic training ... association coaches, volunteers, athletes and families. ... Sports Association and to bring Houston Methodist quality ...
(Date:6/23/2016)... June 23, 2016  The Prostate Cancer Foundation (PCF) is pleased ... and faster cures for prostate cancer. Members of the Class of 2016 were ... Read More About the Class of 2016 PCF Young ... ... ...
Breaking Biology Technology: