ConocoPhillips, Penn State Partner on Nationwide Energy Prize Program
Entries are due May 28.
In its inaugural year, the program will award up to $300,000 in cash prizes and focus on generating innovative ideas and solutions that help in three areas:
· Developing new energy sources, including new ways to develop alternative energy;
· Improving energy efficiency, such as new methods to significantly reduce the amount of energy consumed in the
· Combating climate change, including solutions that reduce greenhouse gas emissions.
"Providing adequate, reliable and diverse supplies of energy; significantly improving energy efficiency; and taking action on climate change are challenges that will require innovative technology, resource commitments and responsible stewardship by energy producers and consumers alike," said Jim Mulva, chairman and chief executive officer of ConocoPhillips. "With help from
"Our focus is on developing clean, reliable and affordable energy, and through the ConocoPhillips Energy Prize, we can help spur technology research and development in this area of focus," said Dr. William Easterling, dean of
A qualified panel of energy and environmental judges will select up to five finalists to present their concepts during a two-day awards event in October. Concepts will be judged on the basis of creativity, scalability, commercial viability and sustainability.
Official rules for the 2008 ConocoPhillips Energy Prize are available online.
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