As of 12 p.m. central time, May 21, 2010, entries are no longer being accepted for the 2010 ConocoPhillips Energy Prize.
The entries are now being reviewed by a qualified panel of experts. Concepts will be judged on the basis of creativity, scalability, commercial viability, and sustainability. Up to five finalists will be selected and notified in August 2010.
Finalists will present their concepts at an awards event in October 2010, where the winner and two runners-up will be announced.
Finalists will initially receive $25,000 to help further develop their concepts. The winner will receive an additional $100,000, the first runner-up will receive another $50,000, and the second runner-up will receive another $25,000.
To learn more about the finalists, winner and runners-up, as well as the 2011 program, check back later this year.
About the Prize
The ConocoPhillips Energy Prize is a joint initiative of ConocoPhillips and Penn State to recognize new ideas and original, actionable solutions that can help improve the way the nation develops and uses energy.
In 2010, the program will award up to $300,000 in cash prizes to further the development of innovative ideas and solutions 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 United States.
Combating climate change, including solutions that reduce greenhouse gas emissions.
By creating an open forum for new energy ideas, we can create a path to a more secure and environmentally conscious energy future.
May 21, 2010 -- Entries due August 2010 -- Finalists announced October 2010 -- Awards event