Wells Fargo grant to boost renewable energy research at Texas State
Posted by Jayme Blaschke
Office of Media Relations
April 25, 2017
A $100,000 grant from the Wells Fargo Foundation’s Clean Technology and Innovation grant program that funds leading edge research and innovation to advance clean energy solutions, will support renewable energy activities at Texas State University's STAR Park.
The grant will be eligible for Texas Research Incentive Program (TRIP) matching funds in the amount of $50,000.
Texas State will utilize the grant as a fund to build a renewable energy demonstration test lab, and award grants to the most innovative pitches at an annual Clean Technology Challenge Competition held at STAR Park. The pitch competition will serve as an event to identify new clean technology innovations of interest to STAR Park and Texas State students, faculty and researchers.
The effort helps to uncover new technologies that will improve renewable energy efficiencies as well as inspire the next generation of sustainability leaders and clean technologists. From 2016 to 2020, Wells Fargo is aiming to provide $65 million to increase its overall giving to critical environment needs, focusing on: advancing clean technology and innovation, supporting environment education, and fostering resilient communities.
Texas State's STAR Park, College of Science and Engineering, and Materials Science, Engineering and Commercialization program will collaborate on producing the annual Clean Technology Challenge Competition. Texas State will work closely with Wells Fargo and other industry partners, investors, incubators and entrepreneurs to judge the pitches, evaluate the technologies at the test lab and select the most promising clean technology startups for prize funding.
About Texas State University
Founded in 1899, Texas State University is among the largest universities in Texas with an enrollment of 38,849 students on campuses in San Marcos and Round Rock. Texas State’s 170,000-plus alumni are a powerful force in serving the economic workforce needs of Texas and throughout the world. Designated an Emerging Research University by the State of Texas, Texas State is classified under “Doctoral Universities: Higher Research Activity,” the second-highest designation for research institutions under the Carnegie classification system.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo’s corporate social responsibility efforts are focused on three priorities: economic empowerment in underserved communities, advancing diversity and social inclusion, and environmental sustainability. The Chronicle of Philanthropy, on its most recent list of the top corporate cash philanthropists, ranked Wells Fargo No. 3. In 2016, Wells Fargo donated $281.3 million to 14,900 nonprofits and Wells Fargo team members volunteered 1.73 million hours with 50,000 nonprofits. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.