GE Joins With the MIT Energy Initiative to Develop Advanced Technology Solutions for Transforming Global Energy Systems

CAMBRIDGE, MA – August 30, 2016 – GE (NYSE:GE) announced it will be joining with the MIT Energy Initiative (MITEI) to fund advanced technology solutions to help transform global energy systems.  As a Sustaining Member of MITEI, GE will commit a total of $7.5 million over a five-year period ($1.5 million annually) and play an active role in MITEI’s research and project priorities. Specifically, GE will participate in four of MITEI’s Low-Carbon Energy Centers to advance research and development (R&D) in key technology areas for meeting future energy needs: solar energy; energy storage; electric power systems; and carbon capture, utilization and storage.

GE Joins With the MIT Energy Initiative to Develop Advanced Technology Solutions for Transforming Global Energy Systems