Wednesday, September 24, 2014

-Penn State News

GE announced that it will invest up to $10 million in Penn State to establish a new innovation center focused on driving cutting-edge advancements in the natural gas industry. The Center for Collaborative Research on Intelligent Natural Gas Supply Systems at Penn State (CCRINGSS) will engage Penn State researchers and students from many disciplines in collaborative work with various industry stakeholders. The center will seek to advance efficiency and environmental sustainability both through technological innovations and improved supply chain management.

“Natural gas is extremely important as a domestic energy source for the United States and continues to serve as a crucial element in revitalizing Pennsylvania’s economy,” said U.S. Congressman Glenn Thompson. “I fully support the work that Penn State and GE will be doing through CCRINGSS to support new research innovations and create real-world applications that will build upon existing partnerships led by the University to make a positive impact on the industry and the communities of Pennsylvania.”

Thompson will speak at a luncheon today, during which Penn State President Eric Barron will outline the creation of the center. GE Senior Vice President and Chief Technology Officer Mark Little, other representatives from GE, and several members of Penn State’s academic leadership also are scheduled to attend.

“We are excited to announce the creation of this new center,” said Penn State President Eric Barron. “CCRINGSS will pull together Penn State’s expertise in natural-gas-related technologies, data analytics, and supply chain management. By gaining a deep understanding of the complex shale gas supply chain and by creating new technologies, the center will aim to produce tangible benefits to the natural gas industry as well as the communities impacted by that industry, from the points of extraction right through to the energy that reaches consumers.” Read Full Story on Penn State News