Austin’s Circuit of the Americas will soon be home to several eco-friendly projects that one day might be capable of doing everything from conserving fuel to harnessing solar and wind power.
Officials announced Tuesday that Circuit of the Americas will team with the newly formed Pike Powers Laboratory and Center for Commercialization, offering up its 1,500-acre site for research and development efforts. The initial agreement will run for two years, with an option to extend the venture.
The Pike Powers Lab was launched in April and is operated by Pecan Street, a research institute based at the University of Texas.
“Circuit of the Americas is committed to help launch and fund important clean technology research and development projects, and our large, world-class venue provides the perfect laboratory setting to test these innovations,” Circuit of the Americas president and CEO Steve Sexton said in a news release. “Pecan Street has distinguished itself nationally in the areas of energy management, fuel efficiency and low-carbon emissions research and development …”
The agreement also calls for the Pike Powers Lab to install an energy measurement system at the Circuit of the Americas, which will be paid for by Circuit of the Americas.
“Our agreement with Circuit of the Americas will provide the innovative companies and University of Texas faculty and students who conduct testing at the Pike Powers Lab a tremendous opportunity to extend their testing and product development into one of the world’s most dynamic commercial venues,” said Brewster McCracken, Pecan Street’s president and CEO.