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ExxonMobil extends support for MIT's low-carbon energy research



ExxonMobil has today committed to extending its support of the MIT Energy Initiative’s (MITEI) low-carbon energy research and education mission by renewing its status as a founding member for another five years.
ExxonMobil extends support for MIT's low-carbon energy research
The MIT Energy Initiative (MITEI) is MIT’s hub for energy research, education and outreach. MITEI’s mission is to develop low and no-carbon solutions to efficiently, affordably and sustainably meet global energy needs while minimizing environmental impacts, dramatically reducing greenhouse gas emissions, and mitigating climate change.

As part of its renewed membership ExxonMobil will expand its participation in MITEI’s low carbon energy research by:

Extending its membership in MITEI’s Centre for Carbon Capture, Utilisation and Storage.
Joining MITEI’s Centre for Energy Storage, which seeks to develop new energy storage technologies for use in renewables-heavy electric power systems, electricity-powered transportation, and other applications.
Joining MITEI’s Mobility Systems Centre, its newest Low-Carbon Energy Centre.

“ExxonMobil has been supporting MITEI researchers over the last five years to help develop breakthrough solutions that can make a difference in emissions reduction,” said Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company. “This agreement is another example of our continued focus to evaluate and expand our portfolio of affordable, scalable ways to reduce carbon dioxide emissions and address the risk of climate change.”

Among MITEI projects supported by ExxonMobil is a new multi-level energy assessment tool, the Sustainable Energy System Analysis Modelling Environment, which assesses lifecycle greenhouse gas emissions from various energy sectors. Other than ExxonMobil-supported MITEI research over the company’s tenure as a founding member includes an assessment of the future role for carbon capture and storage technology in a portfolio of climate mitigation options and a project that models the lifecycle greenhouse gas emissions of solar power and demonstrates its low carbon intensity.

ExxonMobil will also continue to support energy education through MITEI’s undergraduate and graduate programs, including the Energy Fellows Program, which enables graduate students to engage in research in low-carbon energy areas of their choice and prepares them for careers addressing energy and climate challenges.

“The dual challenge of rising energy demand and climate change requires a sophisticated understanding of the systems in which zero-carbon or low-carbon technologies will have to be integrated,” says Louis Carranza, associated director of MITEI. “Our industry members have that, as well as necessary experience delivering solutions at scale, both of which are vital to decarbonizing the energy system.”

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