U-M teams with DTE to form clean energy competition
Both the University of Michigan and DTE Energy have been touting the positives of clean, alternative energy. Now the two institutions are starting to walk that talk by offering a clean energy competition that will award a pool of $200,000 each year to firms that bring clean energy practices from the lab to the market.
There’s nothing like a little bit of money to get the creative juices flowing. That’s the idea behind the new Clean Energy Prize, an award focused on driving development of new clean energy concepts.
The
“Our goal is to drive promising clean energy ideas and technologies from the research lab to commercialization,” says DTE Energy Chairman and CEO Anthony F. Earley Jr.
The contest requires that teams focus on business ideas that support renewable energy, energy efficiency, environmental control technologies and energy storage. A panel of judges from the venture capital, business, industry and academic communities will choose the winners.
The first awards for the competition will go out next spring. The prize pool for the first year will be $100,000 and $200,000 for each year after that. Other competition details are still being finalized, but the initial competition will be held this fall.
The prize will help the winning teams develop businesses that can contribute to
Source: DTE Energy
Writer: Jon Zemke
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