I have been covering the Progressive Automotive X PRIZE competition and the developments in the auto industry. I am going to begin covering the X PRIZE foundation’s Energy and Environment competition here.

They plan on giving up to $100 million in prizes for the areas of alternative generation, energy efficiency, energy storage sustainable housing, and carbon sequestration.

Even though these competitions have not yet been created, you can view their general overview on their guidelines and criteria that they will use to develop competitions.

This is an exciting time in the alternative energy field as the X PRIZE Foundation challenges scientists, entrepreneurs, and leaders in the field to come up with solutions that will really change the world as we know it.

Already, the X PRIZE Foundation put a private aircraft 100 kilometers above the earth’s surface that could carry three people. Scaled Composites was the winning group when their craft SpaceShipOne did it twice in two weeks.

As the Energy and Environment competition moves along, I will be following the progress here.

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This entry was posted on Sunday, June 29th, 2008 at 9:17 pm and is filed under Alternative Energy. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.