Stanford launches $100 million global energy institute, as California expands cleantech focus

January 13 2009 / by Garry Golden
Category: Energy   Year: Beyond   Rating: 2

Stanford Energy PanelStanford University has raised $100 million to support the creation of the Precourt Insitute for Energy.

The Institute will focus on global energy and climate issues by expanding the number of faculty and graduate research positions across the entire spectrum of energy science and engineering from photovoltaics to carbon sequestration. 

The center is the result of a team of funders led by energy Executive Jay Precourt, who donated $50 million, and a $40 million gift from Thomas Steyer and Kat Taylor who supported the creation of the TomKat Center for Sustainable Energy.

Stanford intends to expand global partnerships but it is clearly a big win for the State of California as it attempts to build a 'cleantech' hub of talent, IP, and companies involved in the 21st century energy systems.

Funding Provided by:
The institute is being brought to life through the generosity of donors, led by founding donors Jay Precourt and the husband-and-wife team of Thomas Steyer and Kat Taylor. Precourt is an energy executive; Steyer is a Stanford trustee and managing partner of Farallon Capital Management, and Taylor is active in a variety of public benefit and philanthropic ventures.

Other donors include Douglas Kimmelman, senior partner, Energy Capital Partners; Michael Ruffatto, president, North American Power Group, Ltd.; and the Schmidt Family Foundation.

Other Stanford Energy Centers
PIEE was founded Precourt Institute for Energy Efficiency in October 2006 at Stanford University by a generous gift from Stanford Alumnus Jay Precourt.

 

Image Credit: Stanford University News - Energy Panel

 

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