UK to Serve as Regional Convener for US Department of Energy Business Plan Competition

LEXINGTON, Ky. (Jan. 7, 2022) — The University of Kentucky has been chosen to provide as a regional convenor for the U.S. Division of Energy’s (DOE) national EnergyTech College Prize level of competition.

Sponsored by DOE’s Workplace of Technological innovation Transitions (OTT), the EnergyTech University Prize (EnergyTech UP) is a collegiate levels of competition complicated multidisciplinary scholar groups to develop and existing a company approach that leverages laboratory-designed and other significant-possible power systems. EnergyTech UP awards funds prizes to teams that successfully determine an electrical power technological know-how, evaluate its market place potential and suggest a method for commercialization.

University student teams will contend for a complete of $250,000 in income prizes. Through the competition, they get mentorship and components to help them thrive.

The major groups will contend for a share of $100,000 in prizes funded by OTT. In addition, six DOE Technological innovation Offices are providing up to $25,000 every in bonus prizes for the very best groups in their respective fields. The 6 places of work include things like: the Geothermal Technologies Business office, Solar Electrical power Technologies Office environment, Office of Nuclear Vitality, Business of Fossil Electricity and Carbon Administration, Building Systems Place of work, and the H2o Energy Technologies Business.

“This is an remarkable time for strength engineering. The EnergyTech University Prize will have interaction our collegiate population and accelerate these technologies to current market wherever they can generate serious affect,” explained Deputy Secretary of Power David Turk, who also kicked off the prize launch with a online video information to members.

Uk will be serving as a regional convener for the Appalachia location, which features Kentucky and Tennessee. Collaborating teams can master a lot more about the competitiveness and register listed here. All teams ought to sign-up on HeroX, the official competition platform, by 5 p.m., Jan. 31, 2022.

Interested groups must post a 200-term summary of the technological know-how to be leveraged and the organization opportunity, together with an first slide deck, and indicate their area of selection. Groups will be invited to present at a regional convener occasion. Undergraduate and graduate learners are suitable to compete for the EnergyTechUP prize.

Regional winners will be delivered exclusive mentorship and no cost entry to OTT’s Electricity I-Corps curriculum to assistance learners refine their thoughts in the course of February and March. Regional winners will pitch their finish business enterprise plan at Carnegie Mellon University Energy 7 days in March 2022.

For far more facts about the EnergyTech UP regional convener hosted by British isles, you can read through much more in this article.

Maria Flores

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