Massachusetts, United States [RenewableEnergyWorld.com] Total has signed a research agreement with the Massachusetts Institute of Technology (MIT) to develop new stationary batteries that are designed to enable the storage of solar power. This agreement valued at US $4 million over five years is part of the MIT Energy Initiative, which Total joined as a member in November 2008.
The Total-MIT research project is primarily focused on development of a low-cost, long-life battery suited to store the power generated by solar panels.
“Total’s support for research in the storage of solar energy has the potential to be a game-changer. We applaud their commitment and look forward to working with them to develop low-cost storage options that could enable affordable, reliable energy from renewable sources,” said Ernest Moniz, director of the MIT Energy Initiative program.
The ability to store power is a major challenge for the scale up and widespread deployment of affordable solar power. This research agreement marks a step forward in Total’s research and development of renewable energy technologies, particularly in accelerating the development and deployment of solar power.