GE and MIT join forces in transforming global energy systems
USA: GE announced it will be joining with the MIT Energy Initiative (MITEI) to fund advanced technology solutions to help transform global energy systems.
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: electric power systems; solar energy; energy storage; and carbon capture, utilization and storage, the company said in a press release.
As a sustaining member of MITEI, GE will commit a total of $7.5 million over a five-year period and play an active role in the research and project priorities.
MITEI’s relationship with GE will engage and involve all of GE’s energy-related businesses.