Energy giant GE Vernova and the Massachusetts Institute of Technology launched a partnership Monday to “scale sustainable energy systems across the globe” and advance breakthrough low-carbon technologies.
The company, which helps generate about a quarter of global electricity through its wind and gas turbines, said it would provide $50 million over five years to support 12 projects annually in three areas: renewables, decarbonization and electrification to build the “grid of the future.” The funds also will support research, student fellowships and professional development programs, the company and MIT said.
“Through this alliance, we are proud to be able to help drive new technologies while at the same time inspire future leaders to play a meaningful role in deploying technology to improve the planet,” GE Vernova CEO Scott Strazik said in a statement.
“When our researchers develop new innovative technologies, GE Vernova is strongly positioned to bring them to global markets,” said Anantha Chandrakasan, MIT’s chief innovation and strategy officer and dean of the School of Engineering.