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Open innovation is being used by companies such as Westpac, GE, P&G, Microsoft, Citrix, Samsung, Shell and even Google.
Shell's open innovation program, Gamechanger, allowed them to tap into the insights of independent third parties to identify ways to cool liquified natural gas (LNG) at sea.
The decreased transport cost means that Shell can now harvest much larger reserves of energy at sea and avoid the risk of environmental disasters at land.