Statoil CEO Eldar Sætre (left) and NTNU Rector Gunnar Bovim.; (Photo: NTNU/ Thor Nielsen)

The Norwegian University of Science and Technology (NTNU) and Statoil on 1 October signed an agreement on research funding for future energy solutions.

With a total budget of NOK 50 million over four years, Statoil and NTNU wish to build up a world-leading research group to develop sustainable energy solutions.

The group will also assess the market prospects and effects of various kinds of climate policy. The first step is to recruit an internationally renowned researcher with relevant expertise to guide our work and build up the research group, which will be based at NTNU in Trondheim.

“Statoil’s ambition is to be a leader in shaping the future energy society. Development of new technologies and solutions through industrial cooperation and collaboration with the best research and development institutes in the world are a key factor in this,” says Statoil CEO Eldar Sætre.

Earlier this year, Statoil and GE launched the technology-based Powering Collaboration programme to find industrial solutions to reduce the environmental impact of oil and gas production.

Statoil also has partnerships with leading international academic institutions such as the Massachusetts Institute of Technology (MIT), where we and other industrial companies develop knowledge about new energy solutions through the MIT Energy Initiative.

Tags: Statoil, The Norwegian University of Science and Technology (NTNU)