The U.S. Department of Energy announced
today that it is investing $37.5 million in joint research initiatives
with organizations in China over the next five years. After this
sum is matched by private organizations, about $75 million will go
toward U.S. efforts to improve energy efficiency, clean coal
technologies, carbon sequestration and green vehicles.
Specifically, the money will be used to construct a U.S.-China Clean Energy Research Center, which will have branches in both countries. China will kick in another $75 million to develop technologies it can use to cut carbon emissions and become more energy efficient. With electric cars rolling out en masse in both countries in the next two years, this kind of research is more critical than ever.
To read the full, original article click on this link: Energy Dept. earmarks $37.5M for joint energy research with China | VentureBeat
Author: Camille Ricketts
