NETL, NREL, and ExxonMobil join together under 10-year, $100M cooperative research and development effort
The National Energy Technology Lab (NETL), National Renewable Energy Lab (NREL) and ExxonMobil have joined together in a 10-year, $100 million contract to advance low-emissions energy technologies.
Under the agreement, ExxonMobil is investing up to $100 million for the joint effort, in the hopes that they will bring such technologies to commercial scale. That money will allow NETL to expand research into things like carbon capture and storage, carbon dioxide utilization, enhanced oil recovery, and other methods.
“Our shared goal is to develop innovative technologies that contribute to solving the dual challenge of delivering low-cost energy with lower carbon emissions,” NETL Director Brian Anderson said. “These technologies will mitigate the carbon generated through safe and cost-effective means or make advanced energy systems more efficient, so they use less fuel and generate fewer emissions. This opportunity targets research challenges and the development of technology central to NETL’s mission as the nation’s premier fossil-energy science and engineering resource.”
The public-private partnership represents a sizeable connection between the Department of Energy and the private sector — one of the largest to date.
“Collaboration with industry is indispensable to the continued development of critical pathways to expand our economy, pursue an all-of-the-above energy strategy and fulfill our commitment to being responsible stewards of the environment,” Steven Winberg, DOE Assistant Secretary for Fossil Energy, said.
