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    ConocoPhillips, Penn State Launch Energy Competition

    The yearly contest awards up to $300,000 for innovative energy ideas and solutions.

    HOUSTON and UNIVERSITY PARK, Pa. -- Major energy company ConocoPhillips and Penn State University yesterday launched the 2010 ConocoPhillips Energy Prize, a competition recognizing original and actionable solutions to improve the way the U.S. develops and uses energy.

    The competition, which began in 2008, awards up to $300,000 across three areas: developing new energy sources, improving energy efficiency, and combating climate change.

    The ConocoPhillips Energy Prize will accept entries through May 21, and is open to all U.S. residents at least 18 years of age. Entries can be submitted via the Internet at www.conocophillips.com/energyprize or by mail.

    Up to five finalists will be selected by a panel of expert judges and will present their submissions in October. Entries will be judged on the basis of creativity, scalability, commercial viability and sustainability, according to the organizations.

    "Securing the nation's energy future will require innovative ideas that maximize existing resources, create sustainable and diverse energy supplies, and significantly reduce greenhouse gas emissions," Stephen R. Brand, ConocoPhillips senior vice president, Technology, said in a statement. "For the last two years the ConocoPhillips Energy Prize has recognized a number of talented individuals and teams, and this year the award will again recognize some of the nation's brightest minds as they work to address the country's challenging energy issues."
    The 2009 ConocoPhillips Energy Prize was awarded to Scott Anderson and his team for the ECO-Auger, a hydrokinetic machine that converts moving water from river and ocean currents to renewable electric energy.

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