New Fortress Energy awards 22 university scholarships
NEW FORTRESS Energy (NASDAQ: NFE) continues to demonstrate its commitment to education in Jamaica by awarding a total of 22 tertiary scholarships and 27 high-school bursaries to high-achieving students across the island. This represents an investment of over J$10.5 million for the 2019-2020 academic year.
The scholarship handover at The University of the West Indies (UWI), Mona, to 11 recipients took place on Thursday, October 10. At the event, officials from New Fortress Energy and UWI discussed the expansion of the company’s partnership with the Faculty of Engineering, UWI, Mona.
Addressing the students, Dr. Dale Webber, principal of UWI, encouraged them to keep pressing towards their goal. “We know it’s not easy to come so far in your education and not have the means to complete the journey. That’s why an investment like this by New Fortress Energy is so important and, therefore, one that should not be taken lightly. The best way you can show your gratitude is to keep pressing towards your goal; and now that you have the resources, I say, finish the race well.”
Webber continued, “Our relationship with New Fortress Energy is all-encompassing; it is one that benefits our students through scholarships and training, it benefits the campus through energy cost savings and reduction in our greenhouse emission and, by extension, it benefits the wider Jamaican population and economy. We’re very excited about this partnership and thankful for everything that they are doing for our students.”
In addition to providing liquefied natural gas (LNG) to UWI’s recently expanded cogeneration plant and providing scholarships to STEM (science, technology, engineering and math) students, New Fortress Energy is building on its partnership with the Faculty of Engineering at UWI to support the addition of LNG and cryogenics studies as a module in the undergraduate syllabus. This would mean even more young people will be trained in cryogenic fuels like LNG, further building out Jamaica’s energy leadership in the Caribbean while creating a next-generation workforce for the LNG industry.
“We are committed to enhancing the quality of life and social fabric in Jamaica by investing in education. As the cost of education rises, it is our privilege to help students with genuine financial needs and a desire to reach their fullest potential,” commented Verona Carter, VP, public affairs, New Fortress Energy. “UWI continues to be a solid partner with a focus on training students to contribute to energy innovation; we’re very excited about continuing to build on our progress.”
The 22 students, who are full-time undergraduate students from the UWI and Caribbean Maritime University, and who are predominantly STEM majors, received scholarships valued between J$340,000 to J$680,000 each, to cover over 50 per cent of their tuition. In addition to these scholarships, a total of 27 high-school students received bursaries valued at J$50,000 each to cover tuition and fees for their external examinations at the CSEC and CAPE levels.