ITC Holdings Corp., the nation’s largest independent electricity transmission company, based in Novi, has donated $250,000 to Lawrence Technological University to establish the ITC Power Engineering Endowed Scholarship in LTU’s College of Engineering.
It will provide a fulltime student with half tuition each year. ITC will also offer a paid internship each year to the student who is awarded the scholarship as a way to increase the recipient’s hands-on experience.
Power engineers develop, maintain, and modernize “the Grid,” the vast network of transformers, generators, motors and electronics that supply electrical power.
“This expanded relationship with ITC will benefit our students and help us develop the top talent that the power industry requires,” said Phil Olivier, chair of LTU’s Department of Electrical and Computer Engineering.
The new scholarship fund expands the ITC-LTU partnership. “As a corporation, we’re also hoping to engage with Lawrence Tech in areas like academic programs, research initiatives, and industry collaboration as we look to provide students with real-world experience,” said Joe Welch, chairman, president and CEO of ITC, who recently joined the board of trustees at Lawrence Tech. “A highly skilled workforce is the cornerstone of America’s economic competitiveness today, and engineers comprise a significant segment of our industry and ITC’s workforce. Supporting and encouraging top students to pursue power engineering as a career will only serve to strengthen and improve our company and our industry.”
ITC invests in the electric transmission grid to improve system reliability, expand access to markets, lower the overall cost of delivered energy and allow new generating resources to interconnect to its transmission systems. ITC’s regulated operating subsidiaries include ITCTransmission, Michigan Electric Transmission Company, ITC Midwest and ITC Great Plains. ITC also has been a leader in preparing more American students to pursue STEM degrees to build the 21st century economy.
The ITC Endowed Scholarship adds to the financial aid at LTU for qualified students pursuing degrees in electrical and power engineering. Thanks to a grant from the National Science Foundation, LTU also offers 10 scholarships of up to $10,000 per year for two years to community college graduates to complete a bachelor’s degree in electrical engineering with a power engineering concentration.