“This competition encourages developing high-tech, high-skill businesses to reduce our reliance on carbon and boost energy efficiency,” said Innovation Minister Senator Kim Carr. “The development of clean technology ideas such as those submitted to this competition will grow these industries, creating new jobs, new products and new markets.” According to Carr, more than 25,000 Australians are employed in the clean technology industries, which were worth $22 billion in 2010.
Competition finalists include a wave energy system that reduces costs and increases efficiency by placing its energy conversion system above water; a cost-effective hybrid solar energy system that uses a heat engine and low cost solar thermal collectors to generate electricity and hot water; and a bi-directional, low-head water turbine designed to maximize operational efficiency in slow water flows. An entire list of finalists can be found here.
The competition winner will be announced at an awards dinner in Sydney in October, where firms will have the opportunity to network with fellow clean technology innovators and see other cutting-edge clean technology solutions. The winner will represent Australia at the international Cleantech Open Global Ideas Competition in the U.S., competing against entrants from 90 countries.