HOUSTON, March 17 (UPI) — The ConocoPhillips Co. and Pennsylvania State University say they have opened the 2010 ConocoPhillips Energy Prize competition.
Officials said the competition awards up to $300,000 in recognition of original and viable solutions that can help improve the way the United States develops and uses energy.
The competition’s three areas are new energy source development, energy efficiency improvements and innovations that fight climate change.
Officials said the competition is open to U.S. residents 18 years of age or older at the time of entry. Entrants must submit a comprehensive proposal before May 22.
An expert panel of judges will select up to five finalists to present their submissions in October. Entries will be judged on the basis of creativity, scalability, commercial viability and sustainability.
“Securing the nation’s energy future will require innovative ideas that maximize existing resources, create sustainable and diverse energy supplies, and significantly reduce greenhouse gas emissions,” said Stephen Brand, ConocoPhillips senior vice president for technology.
ConocoPhillips and Penn State awarded the 2009 prize to a team that created a hydrokinetic machine that converts the movement of water from river and ocean currents into electric energy regardless of tidal current strength.
More information is available at www.conocophillips.com/energyprize.
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