The National Renewable Energy Laboratory (NREL) and ExxonMobil have partnered up. The two signed a $100 million agreement that has ExxonMobil funding the partnership with NREL, the National Energy Technology Laboratory (NETL), and other DOE laboratories over a 10-year span.
The partnership will focus on “developing transformative advanced energy technologies with a focus on reducing emissions.” NREL director Martin Keller said,
“What excites me is that there are different mindsets coming together and, in my view, the breeding ground of tremendous breakthrough ideas,” Keller said.
ExxonMobil’s commitment is “the largest single external investment in research at NREL in the laboratory’s history.”
The agreement will foster research collaboration on projects with the potential to move beyond the laboratory, improving energy efficiency and reducing emissions on a global scale.
“The partnership with the national labs really goes back to the fundamental challenge that we're facing as a society, which is: How do you provide scalable energy to 9 billion people while addressing the risks of climate change?” said Vijay Swarup, vice president of research and development at ExxonMobil Research and Engineering Company.