Stanford Launches $100 Million Energy Institute
Articles — By forcechange on January 13, 2009 12:42 pm
Stanford announced on Monday the creation of a new $100 million energy research institute. The Precourt Institute for Energy will research a wide range of technologies, from solar and wind, to reducing greenhouse gas emissions.
“We need to work on technologies that meet what I call the Tom Friedman test — new technology that meets the China price, that you can sell to China as an alternative to burning coal,” Stanford President John Hennessy said. “That’s the Holy Grail in this, and that’s the kind of problem we want to focus on.”
Lynn Orr, who is the director of the new institute, noted that seed funding to push forward new research and innovation in energy will now be available. “Stanford faculty and students are brimming with ideas that, with some initial support, can be brought to the point that external support can be obtained,” he explained.
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