Stanford University President John Hennessy has announced a multi-million-dollar collaboration among leaders of the global scientific and engineering communities and major corporations, including ExxonMobil, General Electric and Schlumberger, who together will engage in research to develop technologies that foster the development of a ‘global energy system’ with ‘low greenhouse emissions’.
The Global Climate and Energy Project (G-CEP) is an alliance of scientific researchers and leading companies in the private sector. Stanford University, as manager of the Project, will identify preeminent scientific researchers from around the world who will work with the private sector sponsors to conduct research into low greenhouse gas emission energy technologies of the future.
Several private sector companies plan to invest up to $225 million over the next 10 years to the Project. ExxonMobil plans to invest up to $100 million, General Electric $50 million and Schlumberger $25 million to help fund the research. E.ON, Europe’s largest privately owned energy service provider, has signalled its intention to contribute $50 million and join G-CEP, along with other academic and corporate sponsors from Europe. The combined amount is equal to the total of all the corporate-sponsored research at Stanford over the past 10 years.
The university expects to involve additional global companies in the automotive and technology industries as well as the research progresses.
Specifically, G-CEP will work to:
(a) Identify the most promising technologies for low emissions, high efficiency energy supply and identify barriers to the application of these new technologies on a global basis
(b) Conduct research into overcoming barriers to a wide range of promising existing and new technologies and to accelerate their commercial application globally
(c) Identify potential solutions to cost, performance, safety, regulatory, legal and consumer acceptance barriers to widespread adoption of next-generation energy technologies, and
(d) Share and publicise research results to a wide audience, including academic and commercial research scientists, media, business, governments and potential end users.
Stanford would hold formal legal title to all technology and information derived from the Project, as well as formal legal title to all patents sought, since it is one of the Project’s fundamental tenets that the university make the results of the research widely available to the scientific and engineering community.