Eni Renews MIT Energy Initiative Membership

Italian energy major Eni has renewed its membership in the MIT Energy Initiative (MITEI) as a founding member until the end of 2027. The company said in a media release that this step reaffirms its commitment to the field of low-carbon energy research. The company said the agreement demonstrates Eni’s consideration of innovation and research as core drivers behind its short-, medium- and long-term decarbonization goals.

The collaboration, according to Eni, aims to advance low- and zero-carbon technologies, addressing key issues across the energy sector. It will leverage Eni’s expertise by fostering collaboration with MIT through knowledge exchange and supporting PhD students and postdoctoral researchers through Eni fellowships. Eni experts will engage with MIT counterparts to explore practical business requirements and uncover potential market prospects.

The renewed scope of collaboration covers decarbonization technology projects. These include carbon capture, utilization, and storage, biofuels, and energy storage solutions. All these technologies are needed for scaling up renewable energy as well as the design of offshore wind farms, Eni says. Eni and MIT will also progress their ongoing intensive research for fusion energy, according to the media release. Since engaging with MIT in 2008, Eni has carried out several research programs, producing more than 40 patents, 70 projects, and over 200 scientific articles, Eni says.

Source: finance.yahoo.com