Shell to Give $25 Million to MIT Energy Initiative
Over the next five years, Shell Oil will provide $5M/year to MIT to support R&D of sustainable energy technologies
Future projects will include research on existing and novel oil and gas technologies, including applications in nanotechnology, electronics and biochemistry. The agreement formally establishes Shell as a Founding Member of the MIT Energy Initiative; both have been working together on advanced energy solutions since 2002. This announcement also emphasizes Shell’s technology strategy of open innovation, which includes collaborative research activities with universities and industry partners for innovative energy solutions.
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