Clean Energy Challenge Receives More Than 70 Entries

The Clean Energy Trust is evaluating more than 70 business plans submitted for the inaugural Clean Energy Challenge business competition. The challenge, which will award $130,000 in prize money plus business support services, seeks the best clean energy business ideas in Illinois with the potential to bring new clean energy technology to the marketplace.

Submissions for the $100,000 early-stage business prize and the $30,000 concept-stage prize encompassed numerous areas of clean energy technology, including energy-management systems, wind and solar energy innovations, automotive technologies, battery advancements, biomass and clean energy financing.

An independent panel of evaluators will score the submissions and will provide a list of finalists to the trust in early January. Finalists will present their plans to a judging panel of nationally renowned investors and business leaders in the clean energy sector March 3 at the Midwest Energy Forum in Chicago.

The U.S. Department of Energy provided the $100,000 prize for early companies. Additional financial support for the challenge is provided by Acciona, Arcelor Mittal, Invenergy, DLA Piper, Google, the City of Chicago, Chicagoland Entrepreneurial Center, and the University of Chicago's Polsky Center for Entrepreneurship.

SOURCE: Clean Energy Trust

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