Massachusetts Institute of Technology receives $50 million from GE Vernova as company celebrates first standalone year
New England Council member, Massachusetts Institute of Technology (MIT), announced that it was awarded a $50 Million commitment to the school from General Electric energy spinoff, GE Vernova. Both headquartered in Cambridge, the partnership announced a new five-year collaboration to fund graduate-level energy research, internships, and breakthroughs in clean energy technology at the university.
The Partnership is formally called the MIT-GE Vernica Energy and Climate Alliance, and starting this fall, MIT researchers and GE Vernova scientists will collaborate on 12 projects annually, focusing on decarbonization, electrification, and renewables acceleration.
“A great amount of innovation happens in academia. We have a longer view into the future. [While] they have the ability to get products out quickly, to scale up, to manufacture, we have the ability to think past the short-term… It’s super smart of them to surround themselves with this incredible talent in academia. That will allow us to make the kind of breakthroughs that will keep US competitiveness at its peak,” said MIT chief strategy officer Anantha Chandrakasan.
The New England Council congratulates MIT on this exciting partnership and its commitment to cultivating the next generation of energy engineers and scientists.
Read more via MIT News and the Boston Globe.