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NREL, CU Launching Joint Research Institute

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Jun 27, 2009 3:16 pm US/Mountain

NREL, CU Launching Joint Research Institute

BOULDER, Colo. (AP) ―

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Click to enlarge 3 of 3: CBS4's Project Green looks at how Coloradans are living in environmentally friendly ways. Visit the Project Green section.

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The University of Colorado and the National Renewable Energy Laboratory in Golden are launching a joint institute on CU's campus in Boulder this fall.

Its researchers will collaborate on projects and blend disciplines — including business, engineering and law — to explore renewable-energy production and policies.

Students eventually could take classes through the institute.

Officials estimate the institute's first-year budget will be about $1.77 million. CU Chancellor Phil DiStefano says he expects most of the funding to come from research grants and the renewable energy industry.

A report from university officials says the institute will look to hire a director and up to 15 faculty members in the short term.