“The Capacitor Challenge” Wins XPRIZE Video Contest, Exemplifies Growing Interest in Energy Storage Technology

xprizewinnerToday XPRIZE Foundation announced that “The Capacitor Challenge”, a video calling for innovation in ultracapacitor technology, is the winner of their “What’s Your Crazy Green Idea” video contest [see my previous post about the contest].  The $25,000 prize was awarded to the video creators Kyle Good and Bryan Le of Irvine, California for receiving the most votes for their video entry in the contest.  The “What’s Your Crazy Green Idea” video contest was a call by the XPRIZE Foundation for ideas in the realm of green innovation that may serve as the basis of a goal for a future XPRIZE award.

The XPRIZE Foundation has not made an announcement about an official ultracapacitor XPRIZE yet, but the XPRIZE Foundation has a track record of offering very large prizes to encourage rapid innovation.  Several years ago they awarded a $10 million prize to Scaled Composites for launching the first reusable privately constructed vehicle into space.

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Energy Storage: From Gasoline to Ultracapacitors

Energy cannot be created or destroyed.  Scientists have accepted this theory of conservation of energy for ages[1].  But this theory seems to be in juxtaposition with the conventional thought of energy being a scarce resource.  If energy cannot be created or destroyed, why are we always scrambling to find new sources of energy?  While energy cannot be created or destroyed, it can change form.  And there are only certain forms of energy that we can practically harness for use.  One of those forms is potential energy[2].  How we work with potential energy, transport it and harness its potential, is an area of significant evolution in science.

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