Energy and Environment:
In respect of the alternative and renewable energy and environment. The X-Prize Foundation, most generally well-known for its space exploration challenges, has launched an innovative generation of competitions that they expect will have a universal impact and encourages a positive influence on global warming and development toward clean, green, renewable energy. $100 million will be awarded to prize conception that promote a planet where energy or power is no longer a source of conflict and pollution, such that energy will in the future be affordable, inexpensive and plentiful, clean and renewable, and used efficiently, fairly and equitably. The project will begin with a nine-month process to select the best prize target and objectives.
In this regard, the first two prizes have been determined: The Progressive Insurance Automotive X Prize, which looks for to motivate ultra-efficient passenger vehicles; and The Biofuels X Prize, which seeks to produce next-generation, decentralized, sustainable liquid transportation fuels. Additional prize aim will be selected as part of the Energy X Prize Suite from areas for instance carbon capture, solar, water, sustainable housing and other sorts of interest.