BOSTON -- Shell and the Massachusetts Institute of Technology (MIT) have agreed to invest $25 million in the research and development of high-value, sustainable technologies designed to drive innovation in energy delivery.
Beginning this year, the research collaboration will fund a suite of projects at $5 million per year for the coming five years. Those projects will focus on advanced modeling, earth science, biofuels, nanotechnology, and carbon management.
As part of its longer-term focus, the collaboration will address future and emerging technologies that demonstrate game-changing potential for the energy industry. The collaboration will focus on existing and new oil and gas technologies, including next-generation applications in biochemistry, electronics, and computer modeling. Other focus areas will include research into water treatment improvements, greater fuel efficiency, new solar energy applications, and enhanced catalytic technology for advanced fuel cells and smart grids. The partners aim to develop novel sensors to detect physical and chemical properties under extreme and remote conditions.