A new study released by the University Research Corridor, a group of universities that includes Michigan State University (MSU), shows that the state is capable of being a leader in the alternative energy industry.
According to excerpts from the article:
"The University Research Corridor will play a vital role in making alternative energy an important driver of economic growth in the state," said Patrick Anderson, CEO of Anderson Economic Group LLC and a co-author of the report.
AEG found the URC received more than $79.5 million in alternative energy research grants in 2007, with 77 percent coming from federal grants and 11 percent from business, which currently invests $16.7 billion in Michigan R & D each year, more than any state except California. The preliminary report was made public to advance ongoing conversations at the Detroit Regional Chamber's Mackinac Policy Conference.
URC leaders also announced the winners of a URC grant competition seeking "revolutionary but feasible" energy ideas from researchers at member institutions Michigan State University, the University of Michigan and Wayne State University. The winners are two joint collaborations aimed at efficient development of cheaper forms of electricity and fuel.
Read the entire article here.
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