Stanford gets $100 million for alternative energy | Environment | Reuters
STANFORD, California (Reuters) - Stanford University on Monday said it had received $100 million to build a new energy institute from donors who want environmentally friendly energy sources that also improve U.S. security.
Stanford President John Hennessy said the donations, $90 million of it from two families, will be for an institute that has "the simple goal of making renewable energy cheaper than fossil fuels."
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Stanford said it already spends $30 million annually on energy research. The new institute will roll in the existing Stanford Global Climate and Energy project, which works to reduce greenhouse gas emissions responsible for climate change.
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