GE challenge stirs radical ideas for cleaner grid
It's like a giant online science fair hosted by a giant corporation. And it's generated some a flood of ideas.
General Electric's $200 million Ecomagination Challenge, launched in July with four venture capital companies, ends tonight after 10 weeks of receiving submissions. People from around the world have offered ideas for making the electric grid cleaner, more efficient, and more reliable. Now a panel of judges gets to pick the winners.
By the end of October, GE will announce the contest entrants with which it plans to pursue commercial relationships. There will be five $100,000 awards … Read more