RENEWABLE ENERGY 21XX

Business Profile

To address one of the 21st Century's greatest challenges -- finding a technological solution to the problems associated with climate change, global warming, and the rising price and diminishing supplies of fossil fuels -- the global energy company BP assembled a unique partnership.
Thus the Energy Biosciences Institute was born in 2007, embarking on a 10-year, $500 million quest to help the world transition from a carbon-based fuel strategy to one that incorporates sustainable, environmentally friendly fuels into a balanced portfolio of responsible, renewable energy sources.
Mission: The EBI will explore the application of advanced knowledge of biological processes, materials and mechanisms to the energy sector.