InvestorsHub Logo
Followers 0
Posts 350
Boards Moderated 0
Alias Born 09/27/2007

Re: skyblu post# 21

Tuesday, 04/22/2008 10:42:28 AM

Tuesday, April 22, 2008 10:42:28 AM

Post# of 41

MIT unveils new solar energy project

April 22, 2008 08:29 AM

The Massachusetts Institute of Technology and the Chesonis Family Foundation said today that they are launching a "solar revolution" project with the ultimate aim of making solar energy America's primary carbon-free fuel.

The Solar Revolution Project, funded by a $10 million gift from the Chesonis Family Foundation, aims to transform solar power from a "'boutique' option to an affordable, dependable, mainstream energy solution," MIT said.

The project will complement and interact with other large solar projects at MIT, creating one of the largest solar energy clusters at any research university, MIT said.

The Chesonis Family Foundation is a private philanthropic foundation whose benefactor is Arunas Chesonis, an MIT graduate and chairman and chief executive of PAETEC Holding Corp., a New York company that provides communications services and solutions.
(By Chris Reidy, Globe staff)

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.