ASU Receives $50M Gift to Develop Energy Institute

Arizona State University has received a $50 million donation to launch the Global Institute for the Future of Energy, a collaboration between its Julie Ann Wrigley Global Futures Laboratory and the Thunderbird School of Global Management that seeks to promote education and innovation regarding energy production and use.

The gift comes from Bob Zorich, who earned his master’s degree in international management in 1974 from Thunderbird’s predecessor, the American Graduate School of International Management.

“ASU has long been a pioneer in building bold, pragmatic solutions for the future,” said Zorich, founder and managing partner of the Texas-based private equity firm EnCap Investments. “President Michael Crow has taken a visionary and action-oriented approach to positioning the university as a leading center for research, educational excellence and global influence. For these reasons, I was excited to fund the formation of this energy institute at ASU because of the university’s unique ability to scale and reach a global audience.”

Zorich’s gift will help the institute recruit a chair and staff and start developing curriculum for students, executives and the public. In the second year, the institute aims to launch a fellowship and executive-in-residence program, as well as a series of public programs, including lectures, summer camps and a global energy conference.

In addition, some of the funds will support Energy Switch, a point-counterpoint show on Arizona PBS that brings together experts from government, NGOs, academe and industry to debate energy-related topics.

“Energy is central to nearly every facet of our daily lives, and we have to prepare now for an evolving energy future,” Crow said in a statement. “With the rapid growth of AI and other fast-moving innovations, we have a responsibility to ready the next generation of energy leaders and solutions. Bob Zorich’s visionary investment will empower our global understanding of energy, our vital literacy and how we can work together to develop the best paths forward.”