It’s that time of year again, when the winners of MIT’s annual Clean Energy Prize are officially selected–and this year, finalists for the prestigious honor (and not insignificant amount of cash) range from makers of nano-tech concrete to improved-efficiency natural gas compressors.
The competition is free and open to all US graduate and undergraduate students, with the condition that prize funds must be used exclusively towards the launch of a new business established in the United States. The finalists for 2010 include C-Crete, a nano-tech engineered concrete that can reduce CO2 emissions (by Natanel Barookhian, a MBA candidate at MIT Sloan School of Management); Enertaq, a new algorithm that would allow utility companies to store electricity more efficiently (by a team from the University of Maryland); C3Nano, a proprietary transparent electrode with the potential to increase the efficiency of PV panels (by a team from Stanford University); ViaCycle, an advanced bicycle sharing technology (from a team at the Georgia Institute of Technology); and OsComp Systems, a more efficient compression technology that would reduce initial and operating costs for natural gas producers (from a team MIT and Harvard).
Each of the finalists have been awarded $15,000 and will now refine their pitches in hopes of landing the $200,000 Grand Prize, won last year by Husk Insulation. The winner of the grand prize will be announced May 11th, 2010.
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