ExxonMobil Renews Support for MIT Energy Initiative’s Low-Carbon Research
October 21 2019 - 9:00AM
Business Wire
- Continues status as a founding member for an additional five
years
- Expands collaboration to include membership in MITEI’s
Low-Carbon Energy Centers for Energy Storage and Mobility
Systems
- Extends support for energy education through MITEI
ExxonMobil said today it extended 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 first signed on as a member of the
initiative in 2014.
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“This collaboration between academia and industry has benefited
research in areas including solar, mobility and carbon capture,
utilization and storage,” says MITEI Director Robert C. Armstrong.
“We look forward to ExxonMobil’s continued support of the
innovative low-carbon energy research at MIT as we continue working
toward a decarbonized future.”
“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.”
With its renewed membership, ExxonMobil will expand its
participation in MITEI’s Low-Carbon Energy Centers. The company
will:
- Extend its membership in MITEI’s Center for Carbon Capture,
Utilization and Storage.
- Join MITEI’s Center 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.
- Join MITEI’s Mobility Systems Center, its newest Low-Carbon
Energy Center.
The company’s membership in the Mobility Systems Center builds
on its participation as a sponsor of MITEI’s Mobility of the Future
study, which will be published this fall. The study – part of MIT’s
five-year Plan for Action on Climate Change – examines how the
complex interactions between advanced drivetrain options,
alternative fuels, refueling infrastructure, consumer choice,
vehicle automation and government policy will shape the future for
personal mobility.
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
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, associate 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.”
About the MIT Energy Initiative
The MIT Energy Initiative (MITEI) is MIT’s hub for energy
research, education, and outreach. Through these three pillars,
MITEI plays a catalytic role in accelerating responses to the many
challenges facing our global energy system. 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. To advance this mission,
MITEI brings together researchers from across the Institute and
facilitates collaborations with industry and government. MITEI and
its member companies and organizations support hundreds of research
projects across the Institute.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and
gas company, 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. For more information, visit
www.exxonmobil.com or follow us on Twitter at
www.twitter.com/exxonmobil.
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.
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