$7M Gift to Stanford Enhances Focus on Energy Solutions

Stanford’s Graduate School of Business and Law School announced the establishment Tuesday of the Steyer-Taylor Center for Energy Policy and Finance, an interdisciplinary center to study and advance the development and deployment of clean energy technologies through innovative policy and finance.

A $7 million gift from Stanford alumni Thomas Steyer (MBA ’83) and his wife, Kat Taylor (JD/MBA ’86), will establish the center. Its executive director will be Dan Reicher (JD ’83), who has also been appointed professor of the practice of law at the Law School and lecturer at the Graduate School of Business.

“We believe that Stanford is uniquely positioned to change our nation’s attitudes and capabilities regarding how we make and use energy. What our university did for the information revolution, it must now do for the energy revolution,” says Steyer of his and Taylor’s gift.

The new center will be housed at both the Law School and the GSB, bringing together the best minds from both disciplines to advance the development, financing, management and regulation of the clean energy technology sector.

By collaborating with the GSB, the center will leverage business school expertise to help resolve the challenge of financing clean technologies from conception to market and educate future leaders of managed organizations to incorporate sustainability in operations and strategy.

“Interdisciplinary centers like this help us create the conditions for innovation to flourish, so that faculty and students can help drive solutions to pressing global problems such as creating more sustainable energy systems,” says Stanford GSB Dean Garth Saloner.

For more on this newest component of Stanford’s wide-ranging energy effort, follow this link.

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