November 26, 2002
Stanford Global Climate & Energy Project

Stanford has set up a privately funded energy and climate research effort to the tune of $225 million dollars. From the project FAQ:

The money:

Q: What corporations are providing funding for this Project and how much are they contributing?

A: To date, sponsors and their contributions to help fund the research are:

  • ExxonMobil (NYSE: XOM), the world's largest publicly traded petroleum and petrochemical company (up to $100 million);
  • General Electric (NYSE: GE), the world leader in power generation technology and services ($50 million); and
  • Schlumberger (NYSE: SLB), a global technology services company ($25 million).

The university expects to involve additional global companies in the automotive and technology industries as the research progresses. E.ON, Europe's largest privately owned energy service provider, has signaled its intention to contribute $50 million and join G-CEP along with other academic and corporate sponsors from Europe. The value of this combined sponsorship is equal to the total of all the corporate-sponsored research at Stanford over the past 10 years.

The areas of research:

Q: What are some immediate projects/innovations that you will be exploring?

A: This Project will give researchers the freedom to explore a variety of new energy technology fields, some of which are in their infancy now but need further exploration. Stanford will develop and maintain a portfolio of specific research options that would further the objectives of the Project and will consider at a minimum the following topics:

  • Low greenhouse gas electric power production, storage, and distribution
  • Advanced transportation techniques
  • Production, distribution, and use of hydrogen
  • Production, distribution, and use of biomass fuels
  • Advanced nuclear technologies
  • Renewable energy supplies (for example, wind and solar energy)
  • Carbon sinks, CO2 separation and storage
  • Coal utilization
  • Material, combustion, and systems science
  • Enabling infrastructure
  • Geoengineering

Specific research initially will focus on:

  • Development of a methodology for an integrated assessment of technology options
  • Hydrogen production and utilization, including biological hydrogen production and efficient hydrogen fuel cells
  • Advanced combustion systems aimed at increasing efficiency of combustion devices and reducing environmental impact
  • Geologic sequestration of CO2

The ownership of the resulting intellectual property:

Q: Who will hold title to new technologies brought to market through this initiative?

A: Stanford will hold formal legal title to all technology and information derived from this program. It also will hold formal legal title to all patents sought.

The complete project white paper is available as a downloadable PDF.

Share |      Randall Parker, 2002 November 26 12:12 PM  Energy Tech

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