PesWiki.com

Menu

Directory:GE Ecomagination Challenge

Lasted edited by Andrew Munsey, updated on June 14, 2016 at 9:13 pm.

  • One error has been found on this page. Administrator will correct this soon.
  • This page has been imported from the old peswiki website. This message will be removed once updated.
Image:Ecomagination count-down jp70.jpg

Compiled by Congress:Founder:Sterling D. Allan

Pure Energy Systems News

September 29, 2010

Beginning July 13, General Electric (GE) has been welcoming ideas for their "Ecomagination Challenge: Powering the Grid" initiative. As of Sept. 29, with a few hours left for submitting, there have been over 3,000 ideas submitted. The deadline for submissions and voting is midnight Sept. 30, 2010, Mountain time. You may enter as many ideas and vote for as many as you wish.

There are only a few hours left, but we would encourage you to submit your technology or approach if you think it should be included in this contest. We just submitted one for the New Energy Congress, and invite you to vote for it:

New Energy Congress: A Think Tank to Identify and Facilitate the Best Breakthrough Clean Energy Devices- We have a free energy news and directory service to find the very best renewable energy technologies that often get overlooked by more conventional thinking. Our validation efforts can bring needed credibility to claims of unusual working devices that could revolutionize the industry with clean, cheap, sustainable energy. http://NewEnergyCongress.org

As an action item, I would urge all of you to at least vote (upper right hand corner) for our submission and at least one other item that looks of interest to you. Please take a few minutes to do this.

Just a few hundred votes would push our idea right into the top 50. I think we could do that with your help. Vote and tell your friends to vote. Really, it only takes just a minute or so, and it could help bring the needed attention.

I've listed below a few entrants that seemed of particular merit or interest from among the top 100 vote getters so far. This PESWiki site is publicly editable, so feel free to add your listing down below under There was an error working with the wiki: Code[1], unless it is in the top 100, in which you can post it higher, accordingly.

This contest is part of a wider R&D initiative by GE started five years ago as part of a green marketing campaign. They invested $1.5 billion on Ecomagination R&D last year, and have committed to invest an additional $10 billion by 2015. [http://finance.fortune.cnn.com/2010/09/23/ge-ecomagination-loses-its-head/

Oct. 3, 2010 Update

Thanks to your support in voting for our idea, with a little more than 24 hours of voting time left, we were able to make it to around #250 of over 3500 ideas submitted by the time voting stopped on Sept. 30. I should also mention that at Raphial Morgado's request, I submitted the following entry.

Submitted to GE's Ecomagination Challenge: Massive Yet Tiny (MYT) Engine for energy generation - The MYT Engine is an internal combustion engine of new design that features multiple firings in one cycle, producing enormous torque in a small area. This enables supper-efficient combustion from fossil fuels as well as biofuels. Applications also include geothermal energy and wind power storage and retrieval. (Sept. 30, 2010) [submitted just before the contest closed, so no one else was able to sign on as a "supporter".]

About the Challenge

Drawing from the Ecomagination website:

The GE Ecomagination Challenge is an innovation experiment where businesses, entrepreneurs, innovators and students share their best ideas on how to build the next-generation power grid. $200 million has been set aside to fund the best ideas submitted.

GE has teamed up with some of the best-known venture capital firms, including Emerald Technology Ventures, Foundation Capital, KPCB and Rockport Capital, to help back the most promising ideas.

: "Will you join us? Please enter the challenge, submit your ideas, vote for the most promising teams and help us change the way the world uses energy in powerful new ways. Who knows? One of the ideas selected could be yours."

There are three categories for submission:

Challenge 1: Create - Renewable

Challenge 2: Connect - Grid Efficiency

Challenge 3: Use - EcoHomes/EcoBuildings

Selected Ecomagination Challenge entrants will be offered the opportunity to develop a commercial relationship with GE through:

Investment: the $200 million capital pledge of GE and its partners will be invested globally into promising start-ups and ideas

Validation: evaluation of entrant’s business strategy through in-depth discussions with GE‘s technical and commercial teams

Distribution: exploration of partnership opportunities with GE to scale a business and create global reach

Development: leveraging of GE‘s technical infrastructure and GE Global Research Centers to accelerate technology and product development

Growth: exploration of opportunities for utilizing existing GE customer relationships for your go-to-market strategy

Judging

"Representatives of GE and its investment partners will form an evaluation committee to consider possible investments in you or your company. GE has also selected an Ecomagination Challenge panel of judges, including individuals from GE’s business units, representatives from academia, venture capital firms, government research specialists and others.

"The panel of judges will select entries to receive cash awards. The panel will evaluate each entry based on merit reliance on science and engineering fundamentals innovative character potential to create significant societal impact commercial feasibility in light of applicable market dynamics and other factors deemed appropriate by the judges.

Round 1: From July 13 – September 30, 2010

The general public will vote on ideas that they consider the most promising smart grid technologies however, the ultimate decision will rest with GE.

Round 2: From October 1 – November 30, 2010

In late October, GE will announce those entrants with whom GE intends to pursue commercial relationships. In November, GE will announce any business deals with GE that have been formalized.

Awards

The entry receiving the most user-submitted votes, will receive, subject to GE’s review for appropriate content, a cash award of $50,000.

GE will present each of five innovation challenge award recipients with $100,000 in cash, for a total of $500,000, to acknowledge these entries as examples of outstanding entrepreneurship and innovation.

Judges may also award one or more entrant:

GE Scientific Merit Award to work with the GRC

The evaluation committee will consider one or more of the following for selected entrants:

An equity investment by GE or others

A cooperative agreement to develop a product or technology

A review of your product or service for possible qualification to be a part of the GE Ecomagination program.

Official Website

http://challenge.ecomagination.com – View submissions or submit one of your own.

Submit an Idea

About the Challenge

How it Works

Blog

FAQ

Data Visualization sorts the ideas by type

Entrants

New Energy Congress

New Energy Congress: A Think Tank to Identify and Facilitate the Best Breakthrough Clean Energy Devices- We have a free energy news and directory service to find the very best renewable energy technologies that often get overlooked by more conventional thinking. Our validation efforts can bring needed credibility to claims of unusual working devices that could revolutionize the industry with clean, cheap, sustainable energy. http://NewEnergyCongress.org

RELATED INFO:

Image:NewEnergyCongressShieldBanner95x95 byKevn.jpg
Latest: Directory:Organizations > New Energy Congress / Directory:Best Exotic Clean Energy Technologies > New Energy Congress presents $150k grant proposal for vetting free energy technologies - The NEC has prepared a budget proposal to help finance its validating function. A technology that is validated gets distinguished from the myriad of claimants who typically end up being bogus or fraudulent -- in a field where such conclusions are the default. (PESN Sept. 10, 2010)

New Energy Congress: Validation Service - here at PESWiki

Summary of Idea - Long Form ( Ecomagination]

Image:Winflex 95x95.jpg
Directory:Prizes > Directory:GE Ecomagination Challenge > GE’s Ecomagination Challenge Unveils 5 Winning Energy Solutions - Today General Electric unveiled the winners in its $200 million open innovation challenge, which focused on finding smart solutions to powering our grid. Directory:Capstone Turbine Corporation, ElectricRoute, GridON, IceCode, and WinFlex were chosen from 4,000 submissions. (Inhabitat Nov. 16, 2010)
Image:Ecomagination count-down 95x95.jpg
Latest: Directory:Prizes / Directory:Electrical Grid > Directory:GE Ecomagination Challenge - In addition to prize money for the best ideas, GE and its funding partners have allocated $200 million to go toward the development of key concepts that will help reshape the grid, whether it be by providing more affordable and stable clean power, or help with the transmission, or help in the efficiency on the consumption end. See the NEC's proposal to fund its vetting of the best Maverick technologies. (PESWiki Sept. 29, 2010)
Comments