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Continued: CoEE

The chair will draw upon faculty and student expertise in the Moore School from areas including consumer behavior, industrial organization, supply chains, domestic and global market analysis, regulation and (risk adjusted) commercial valuation.

Flowers said the partnership helps fulfill the Savannah River Site’s mission to establish a cooperative agreement with academic institutions to demonstrate renewable energy technology. It will also create a relationship between USC and the Savannah River National Laboratory, which up until now has been the only national lab in the DOE complex that does not have a formal relationship with a public university.

Fluor is contributing $1.25 million and SRNS will add $250,000. The state of South Carolina will provide matching funds as part of its Centers of Economic Excellence matching program.

“Today’s announcement is another example of how the General Assembly’s wisdom and vision in establishing the CoEE Program nearly a decade ago is continuing to benefit the people of South Carolina,” said Pamela P. Lackey, chair of the CoEE Review Board. “I am excited about the new technologies and applications which will come from this extraordinary partnership. Not only will this work lead to new investments and new opportunities for South Carolinians, but it will assure our state a place among the leaders in the drive to cleaner, greener and more sustainable power.”

The state’s CoEE program was established by the General Assembly in 2002, funded through S.C. Education Lottery proceeds. The legislation authorizes the state's three public research institutions, USC, Clemson and the Medical University of South Carolina, to use state funds to create centers in research areas that will advance South Carolina's economy. Each CoEE is awarded state funds, which must be matched on a dollar-for-dollar basis with non-state funds. The program also supports CoEE endowed chairs, world-renowned scientists who lead the Centers of Economic Excellence. By investing in talent and technology, the CoEE Program is designed to fuel the state's knowledge-based economy, resulting in high-paying jobs and an improved standard of living in South Carolina.

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