ConocoPhillips (NYSE:COP) and Penn State today announced they are launching the ConocoPhillips Energy Prize, an awards program that seeks to recognize new ideas and original, actionable solutions that can help improve the way the United States develops and uses energy.
In its inaugural year, the program will award up to $300,000 in cash prizes and focus on generating innovative ideas and solutions that help in three areas:
Developing new energy sources, including new ways to develop alternative energy.
Improving energy efficiency, such as new methods to significantly reduce the amount of energy consumed in the United States.
Combating climate change, including solutions that reduce greenhouse gas emissions.
“Providing adequate, reliable and diverse supplies of energy; significantly improving energy efficiency; and taking action on climate change are challenges that will require innovative technology, resource commitments and responsible stewardship by energy producers and consumers alike,” said Jim Mulva, chairman and chief executive officer of ConocoPhillips. “With help from Penn State and its award-winning Energy Institute, the ConocoPhillips Energy Prize is one way to generate excitement and interest in fostering new energy ideas and solutions that will ultimately benefit society.” >>>MORE