UCF energy experts are helping Floridians to contain rising fuel and energy prices by working with a new statewide consortium.

Fueled with a $50 million state investment, the Florida Energy Systems Consortium brings together researchers, unique facilities, and technology transfer and incubation programs in energy from state universities.

Gov. Charlie Crist signed the bill creating the consortium into law at the second-annual Serve to Preserve Summit on Global Climate Change. The consortium will address energy and fuel concerns, such as greenhouse gas emissions, by bringing together the state’s experts in several areas.

UCF is slated to receive $8.5 million of the funding.

“The research is only the beginning,” said Jim Fenton, director of UCF’s Florida Solar Energy Center. “Through the consortium, we want to develop and attract new industries and technologies to support renewable energy and generate a solid workforce to support those industries.”