This April MIT announced two major solar-research
initiatives totaling $20 million.
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Credit: Rainer Dittrich
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The Solar Revolution Project, started with $10 million in
unrestricted funding from the Chesonis Family Foundation, will offer 30
five-year energy fellowships for graduate students and provide seed funding for
the MIT Energy Initiative. Its goal is to change the way we use energy by 2018.
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The other new solar initiative, the MIT-Fraunhofer Center
for Sustainable Energy Systems, is a collaboration with a major German research
institute; it aims to develop green building technologies and solar
technologies that can be put in place within the next five years. Funded with
$10 million from donors including the Massachusetts Technology Collaborative
and National Grid, the center will be housed in a building adjacent to campus.
Solar power that relies on current technologies is too
expensive to displace cheap but dirty energy sources such as coal. Through
these initiatives and other ongoing solar research on campus, MIT hopes to
develop novel ways to capture, convert, and store the sun's energy at low cost.
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