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$4m prize pot up for grabs in energy competition

Nominations now open for this year?s Zayed Future Energy Prize

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$4 million has been allocated to the Zayed Future Energy prize pot.
$4 million has been allocated to the Zayed Future Energy prize pot.

A $4 million prize pot has been announced for this year’s Zayed Future Energy Prize, which recognises innovation and the development of solutions for sustainable and renewable energy.

With nominations now open for the 2012 global competition, submissions are to be judged on four main criteria – impact, long-term vision, leadership and innovation. Speaking about the competition, Dr. Sultan Ahmed Al Jaber, Director General of the Zayed Future Energy Prize said: “We invite the global energy community to join us in recognising outstanding achievement by submitting nominations for the 2012 competition.”

The categories are:
SMEs & NGOs
Nominees will have made a clear impact, either through disseminating a particular solution in the field, furthering knowledge, awareness, policy development or through technology. Three prizes will be awarded: US$1.5m to the overall winner; US$1m to the first runner-up; and US$500,000 to the second runner-up.

Large corporations
Nominees will have exhibited business success and leadership, as well as a clear vision for the long-term future of energy, and a coherent, sustainable strategy for its own role in this future. The winner will receive a Special Recognition Award.

Individual Lifetime Achievement
Nominations are open to individuals from academic, political, technological, business or other fields in renewable energy sustainability who are identified leaders and committed to raising awareness and supporting energy policy development. The winner will receive US$500,000.

Also, in a move designed to signal the on-going development of the Zayed Future Energy Prize, a fourth category will be introduced in 2012 – an International High School Education Competition, with a prize purse of US$500,000 to be first awarded in 2013.

 

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