May 13
Energy and Environment X-Prize
Posted in Energy Economy | Environment and Sustainability
The X-Prize Foundation, most commonly known for it’s space exploration challenges, has launched a new generation of contests that they hope will have a global impact aned encourage a positive influence on global warming and progress toward clean, green, renewable energy. $100 million will be awarded to prize concepts that promote a world where energy is no longer a source of conflict and pollution, such that energy will someday be affordable and abundant, clean and renewable, and used efficiently and equitably. The project will start with a nine-month process to select the best prize targets.
The first two prizes have been determined: The Progressive Insurance Automotive X PRIZE, which seeks to inspire ultra-efficient passenger vehicles; and The Biofuels X PRIZE, which seeks to engender next-generation, decentralized, sustainable liquid transportation fuels. Additional prize targets will be chosen as part of the Energy X PRIZE Suite from areas such as carbon capture, solar, water, sustainable housing and other categories of interest.
