DOE Student Contest Rewards Energy Innovators and Entrepreneurs (video)


photo via flickr

Nobel prize winner and U.S. Energy Secretary Steven Chu has announced a new $2 million student contest to foster clean energy innovation, known as the National University Clean Energy Business Challenge. The idea is to create a network of six regional competitions for student energy inventors, and the winners will compete for a National Grand Prize in early summer 2012. The contest joins the Solar Decathlon as DOE sponsored energy contests for students.
Secretary Stephen Chu said in a press release:

Fostering innovation at America's universities and producing our
nation's next generation of clean energy entrepreneurs is vital to ensuring our nation's competiveness in the clean energy economy of tomorrow. This investment will train a new generation of scientific and technical leaders and support the Administration's continued effort to ensure that America has the workforce we need to secure our energy future, create jobs here at home, and win the future."

DOE is inviting proposals from universities to host a regional competition. Applications are due on August 22, 2011. Selections will be made before the end of September 2011.

In September, the National Mall's West Potomac Park will host the Department of Energy's architectural competition, known as the Solar Decathlon. The contest brings together student team who compete with self-designed energy efficient homes. The dates are Sept. 23-Oct. 2, 2011 and you can follow on the contest on Twitter with the hashtag #SD2011.

Watch the full episode. See more Nightly Business Report.