Clean Energy Prize Competition Down to 14 Teams
December 22 2008 / by amisampat
Category: Environment Year: General Rating: 2
By Ami Sampat
The Clean Energy Prize Competition was founded with the goal of using clean energy technology from the labs to actual use. DTE Energy, in conjunction with the University of Michigan, want the contestants to create the best business plan for bringing clean energy technologies into stores and the market. The team with the most creative module receives $100,000 plus the grand prize of $65,000.
The competition started with 20 teams and is now down to 14.
This contest prepares the participants with the experience and knowledge of what it takes to start a clean energy business.
The business proposals include: "Aeolian is involved in the design and manufacture of air-powered automotive engines", "CTW International would develop land-based projects that have climate, biodiversity, and community benefits", "Husk would convert agricultural waste into high-grade insulation" and "Potential Energy would create clean, sustainable storage for wind energy".
The competition is judged by leaders from different sectors. In the first round, the judges came from companies such as Google, the Michigan Public Service Comission, and Next Energy.
The next round in the competition is creating a financial overview which must be submitted by January 16, in which six teams will be eliminated. The next judging, the semi-finals, will take place on February 13 and on March 20 the final will be held.
