Monday, March 7, 2011

ConocoPhillips, Penn State Accepting Nominations For Energy Prize

For the fourth year in a row, ConocoPhillips and Penn State University kick off the ConocoPhillips Energy Prize. Their goal is to see who can develop the most original and actionable solutions that can help improve the way the United States develops and uses energy.
The competition, which began in 2008, awards up to $300,000 and recognizes innovative ideas and solutions in three areas: developing new energy sources, improving energy efficiency, and combating climate change.
Registration for the 2011 ConocoPhillips Energy Prize is open through May 2.
All U.S. residents who are at least 18 years of age at the time of entry are encouraged to participate in this competition. Entrants must submit a comprehensive proposal via the Internet or by mail.
A panel of qualified judges reviews all submissions. In October, up to five finalists will be selected to present their submissions for the coveted national grand prize. Submissions will be judged based on creativity, scalability, commercial viability and sustainability.
“This competition challenges students and entrepreneurs to push the boundaries of innovation, and we are excited to see the avalanche of submissions igniting the nation’s need for clean energy solutions,” said Merl R. Lindstrom, ConocoPhillips Senior Vice President, Technology. “For the past three years, the ConocoPhillips Energy Prize has recognized a number of talented individuals and teams. This year the award will again recognize some of the nation’s brightest minds as they work to address our country’s challenging energy issues, with the ultimate goal of helping develop these great ideas into solutions.”
ConocoPhillips and Penn State awarded the 2010 ConocoPhillips Energy Prize to Matthew Orosz and team STG for their solar generator that can produce electricity and hot water for remote, off the grid health clinics and schools. The team’s key innovation is the replacement of the steam turbine plant with a specially designed organic rankine cycle generator that uses a low temperature fluid to generate electricity and waste heat to provide hot water.
For more information and the official rules at the 2011 ConocoPhillips Energy Prize webpage.

1 comment :

  1. The rewarding of the contract indicates ConocoPhillips’s commitment to the region, despite of the 54% oil price rout since last summer; the company is scaling back its presence in its North American region by hiring Canada’s local bank, Scotiabank, to sell some Canadian assets.

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