$100K ACC Clean Energy Challenge Announces Elite Eight Plus Two
COLLEGE PARK, Md. — The $100K ACC Clean Energy Challenge, a business plan competition supported by the Department of Energy's (DOE) Office of Energy Efficiency and Renewable Energy (EERE) encouraging students from universities in the southeastern United States to develop business plans for new clean energy companies, today announces its Elite Eight Plus Two, with nine winners from ACC schools and one winner from the at-large, non-ACC pool of entrants.
The Elite Eight Plus Two will first compete to advance to the Final Four and then for a $100,000 grand prize at the $100K ACC Clean Energy Challenge Finals, held at the University of Maryland on March 26, 2014. The $100,000 winner will move on to compete in the DOE National Clean Energy Business Plan Finals in Washington, D.C., in summer 2014.
The ACC Elite Eight Plus Two, and the technologies they are developing, include:
As part of the Obama Administration's efforts to support and empower the next generation of American clean energy entrepreneurs, the Department of Energy awarded $360,000 in 2011 for the ACC Clean Energy Challenge and a total of $2 million to the ACC and five additional regions in the U.S. as part of its inaugural nationwide network of student-focused clean energy business plan competitions over the next three years.
Additional regional winners include the Massachusetts Institute of Technology in the Northeast Region; the California Institute of Technology in the Western Region; Rice University in the Western Southwest Region; Chicago-based Clean Energy Trust in the Eastern Midwest Region; and the University of Colorado in the Western Midwest Region.
The University of Maryland's Maryland Technology Enterprise Institute (Mtech) was selected as the principal lead for the Southeast competition.
About the DOE Office of Energy Efficiency and Renewable Energy
The DOE's Office of Energy Efficiency and Renewable Energy invests in clean energy technologies that strengthen the economy, protect the environment, and reduce dependence on foreign oil. Learn more about DOE's efforts to promote a new generation of energy entrepreneurs at: http://www.energy.gov/eere
March 12, 2014