Cash Prize For Tech To Reduce Oil Use From DC Lobbying Group

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Money, money, money

Money, money, money

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Among the many advocacy and lobbying groups that weigh in on automotive and energy policy matters in our nation's capital, Secure America's Future Energy (SAFE) isn't necessarily among the most high-profile.

But now the group is offering something that should make civilians sit up and take notice: cash.

SAFE has announced a $125,000 cash prize to be awarded to the emerging technology it judges most promising to reduce U.S. dependence on imported oil.

The SAFE Energy Security Prize will be awarded on October 16, not coincidentally the 40th anniversary of the 1973 oil embargo staged by the Organization of Petroleum Exporting Countries (OPEC) that kicked off the first U.S. "energy crisis."

Of two Prize categories, the one with the cash is called the Emerging Innovation Award. It is intended to "recognize up to three technologies not currently in the marketplace" that are expected to be available for sale within five years.

The winning technologies will have to offer the "potential to meaningfully reduce [sic] long-term U.S. oil consumption," which is SAFE's overall mission.

Candidate technologies could include energy storage innovations--whether batteries for electric cars or storage for other forms of non-oil energy--or vehicular technologies that greatly increase energy efficiency in transportation, among many examples.

As SAFE CEO and president Robbie Diamond notes, “America’s oil dependence hinders our national and economic security."

Money makes the world go 'round

Money makes the world go 'round

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There will actually be three awards to the top three finalists: In addition to $125,000 to the winner, a first runner-up will be awarded $35,000, and the second runner-up will get $15,000.

There's also an Advanced Technology Award, which will be given to up to three groundbreaking technologies that have already established themselves in the market.

They, too, must have made a "meaningful contribution to reduced U.S. oil dependence"--but in this case, it's just recognition. No cash.

The prizes will be awarded during a national energy conference, entitled OPEC Oil Embargo +40: A National Summit on Energy Security, that will be held on October 26 at the Andrew W. Mellon Auditorium in Washington, D.C.

SAFE has more information on the Energy Security Prize on its website, including applications for each prize.


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Comments (10)
  1. $125,000...I wonder how many zeros the oil industry would be willing to add to that number if it was to make a counter offer.

  2. How can anyone have any sympathy for big oil? They can't really. Know when you're talking to opponents of a carbon price that they actually do hate big oil right along with you, so you remind them of that and concentrate your argument elsewhere. And of course, there *aren't* any opponents of cutting oil subsidies, except crazy people who are against taxation so much that they would even like an unfair tax break for the devil. And, of course, people who actually work for or own oil.

  3. Spaying and neutering the population will have a material difference on future oil usage. But that technology already exists. The government wants the economy to never stop growing. So, the one technique to stop oil usage is to simply raise gas taxes to help pay down our debts and foster new research for renewables energy storage for grid stabilization.

  4. Yes, and stop paying the oil industry $4B per year in tax breaks and incentives.

  5. Did you just make me upvote a comment that talks about neutering human beings? (Could you be working for people who want to make greens look like demons? If you aren't, you're doing their work for them!)

  6. Interesting terms. The most dramatic change that could be accomplished in 20 years is to start building LFTRs. Liquid Flouride Thorium Reactors are pollution free, inherently safe, do not produce long term radio-active waste and run on free (yes free thorium from rare-earth mines that consider thorium to be a nuisance product) thorium.

    But since this must be for sale within 5 years, the winners will have to be within existing technologies that are already in development and slated for production (i.e. financing in place). Envia Batteries maybe.

  7. Who's funding this group (SAFE) because:

  8. I mean, it looks like these folks *already* have access to oil & gas money. $125k for this prize is an insult like flaming cow patty in a ziploc bag.

  9. I mean, it looks like these guys are really working toward good goals and compromise on the way there. But I was thinking about contributing for half of a second, because it looked like a small, underfunded, anti-establishment think tank. But now I see I'm just an ant and they don't need me.

  10. Carpool...

Commenting is closed for old articles.

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