Energy
and Environment

In
respect of the alternative and renewable energy and the 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 promotes 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.