ExxonMobil Renews Collaboration with Princeton Energy Center to Advance Low-Emission Research and Energy Solutions
July 02 2020 - 8:00AM
Business Wire
- Research projects to-date have included CO2 capture, power
generation and new innovative materials
- Research agreement for breakthrough energy technologies began
in 2015, renewed in 2020 through 2025
ExxonMobil and Princeton University’s Andlinger Center for
Energy and the Environment have renewed their collaboration to
research lower-emission technologies and energy solutions.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200702005074/en/
The new, five-year agreement builds on ExxonMobil’s
participation in Princeton’s E-filliates Partnership, which began
in 2015. E-filliates is a corporate membership program administered
by the Andlinger Center and aims to help accelerate research,
development and deployment of energy and environmental technologies
through academia and industry partnerships.
“We collaborate with leading universities and institutions
around the world to find meaningful and scalable solutions to
develop lower-emission technologies” said Vijay Swarup, vice
president of research and development for ExxonMobil Research and
Engineering Company. “Our work with Princeton University’s
Andlinger Center builds on decades-long interactions with the
university, supporting the essential research in science,
engineering and humanities needed to address national and global
issues.”
“Working with companies is a critical piece of translating
fundamental knowledge and discoveries into real-world impact. We
challenge ExxonMobil scientists to explore the fundamental
scientific questions that underpin technology development in new
ways, and they challenge our scientists to think about the
practical considerations of scaling technologies,” said Yueh-Lin
(Lynn) Loo, Andlinger Center director and the Theodora D. ’74 and
William H. Walton ’78 Professor in Engineering. “It’s a win-win and
ultimately helps us carry out a core tenet of our mission, which is
to reduce emissions globally while improving access to energy
around the world.”
ExxonMobil is the world-leader in carbon capture, sequestering
more carbon in the last 20 years than any other company. Princeton
University is advancing this technology with new research to better
understand how stored CO2 flows within rocks and interacts with
minerals, improving the understanding of underground storage
capacity. Future CO2 storage projects can be more optimally planned
and operated to achieve net emissions reductions.
Princeton University scientists are also working with ExxonMobil
on the development of carbonate fuel cells. This is in addition to
the company’s ongoing collaboration with FuelCell Energy to enhance
technology for capturing CO2 from industrial facilities and
electric power generation.
Over the past five years, through the company’s participation in
E-ffiliates, ExxonMobil scientists have collaborated with Princeton
faculty and researchers to support early-stage research projects
that are focused on identifying lower-emission technologies that
can accelerate the energy transition. Results have been published
in peer-reviewed journals including Nature Geoscience, Science,
Applied Energy, Journal of the American Chemical Society, and
Energy and Environmental Science.
Princeton University researchers also are working to better
understand the barriers, technology needs and opportunities of the
global energy transition. This research is taking a comprehensive
look at potential pathways to achieve net-zero emissions in the
United States by 2050, and the investments in technology,
infrastructure, and skill development to achieve that goal. The
fundamental approach and modeling tools developed in this pilot
study will be available for global use. The effort is co-led by the
Andlinger Center, along with other campus partners, and funded in
part by ExxonMobil and other partners.
Princeton’s Andlinger Center for Energy and the Environment is
one of five university energy centers ExxonMobil has partnered with
to undertake fundamental research to provide low-carbon energy
solutions while meeting global energy demand.
Since 2000, ExxonMobil has invested approximately $10 billion in
projects to research, develop and deploy lower-emission energy
solutions. The company also continues to expand collaborative
efforts with more than 80 universities, five energy centers and
multiple private sector partners around the world to explore
next-generation energy technologies.
About ExxonMobil ExxonMobil, one of the largest publicly
traded international energy companies, uses technology and
innovation to help meet the world’s growing energy needs.
ExxonMobil holds an industry-leading inventory of resources, is one
of the largest refiners and marketers of petroleum products, and
its chemical company is one of the largest in the world. To learn
more, visit exxonmobil.com and the Energy Factor.
Follow us on Twitter and LinkedIn.
About Princeton University’s Andlinger Center for Energy and
the Environment The mission of the Andlinger Center for Energy
and the Environment is to develop solutions to ensure our energy
and environmental future. To this end, the center supports a
vibrant and expanding program of research, teaching, and
stakeholder collaboration in the areas of sustainable energy
technology, energy transitions, and environmental sensing and
remediation. A chief goal of the center is to translate fundamental
knowledge into practical solutions. Since it began operations in
2010, the center has grown rapidly, launching unique educational
programs, and catalyzing high-risk/high-payoff research with
industry partners. Housed in Princeton University’s School of
Engineering and Applied Science, the Andlinger Center actively
convenes companies, government, peer institutions, and non-profit
organizations to foster collaborative initiatives that help to
overcome shared challenges to develop and deploy more sustainable
systems. You can follow the work of the center on its website,
Twitter account, and Facebook page.
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including project plans and
timing and the impact and results of new technologies, including
efficiency gains and emission reductions, could vary depending on
the outcome of further research and testing; the development and
competitiveness of alternative technologies; the ability to scale
pilot projects on a cost-effective basis; political and regulatory
developments; and other factors discussed in this release and under
the heading “Factors Affecting Future Results” on the Investors
page of ExxonMobil’s website at exxonmobil.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200702005074/en/
ExxonMobil Media Relations: (972) 940-6007
Andlinger Center for Energy and the Environment (609)
258-3617
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Exxon Mobil (NYSE:XOM)
Historical Stock Chart
From Sep 2023 to Sep 2024