Environmental X-Prize
The U.S. Government has announced that it will make funding available for the "H-Prize," which is a $10M reward to drive innovation in using hydrogen as an alternative fuel.
The prize is modeled after the X-Prize, which offered a $10M prize for the development of a manned space flight vehicle developed by private citizens (as opposed to NASA).
The benefits of the prize extended beyond just the winning design. Since many teams around the world were working toward a solution, more solutions were proposed and developed - and continue to be developed (by the Canadian Arrow Team, for example).
Hopefully, the H-Prize will drive the development of many technologies - and raise public interest in the topic - regardless of who wins the competition.
The prize is modeled after the X-Prize, which offered a $10M prize for the development of a manned space flight vehicle developed by private citizens (as opposed to NASA).
The benefits of the prize extended beyond just the winning design. Since many teams around the world were working toward a solution, more solutions were proposed and developed - and continue to be developed (by the Canadian Arrow Team, for example).
Hopefully, the H-Prize will drive the development of many technologies - and raise public interest in the topic - regardless of who wins the competition.
posted by Anne at 9:12 AM
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