Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Battery technology firm wins 2011 Clean Energy Prize

From left to right: U-M Technology Transfer mentor Nick Cucinelli, left, with first place winner Nick Moroz and Gov. Rick Snyder U-M Photo Services / Eric Bronson
From left to right: U-M Technology Transfer mentor Nick Cucinelli, left, with first place winner Nick Moroz and Gov. Rick Snyder U-M Photo Services / Eric Bronson

Abstract:
A company whose technology could lead to cheaper lithium-ion batteries won the top prize of $50,000 in the 2011 Clean Energy Prize business plan competition. Gov. Rick Snyder spoke at the awards ceremony Friday at the University of Michigan's Rackham Auditorium.

Battery technology firm wins 2011 Clean Energy Prize

Ann Arbor, MI | Posted on February 21st, 2011

"It's great to see the intersection of three things that I love," Snyder told the audience that included hundreds of students. "We're talking about innovation and entrepreneurship, we're talking about clean energy, something that is vitally important for our future. It's about economic growth, and doing it in the most responsible way possible in terms of the legacy we leave and the opportunity it provides us and the third thing is it involves students.

"To have those three things come together is really special."

The Clean Energy Prize, established by DTE Energy and U-M in 2008, is designed to encourage entrepreneurship in Michigan and the development of clean-energy technologies. This year's contest was organized by the U-M College of Engineering's Center for Entrepreneurship and DTE.

The winning company, CSquared Innovations, is a U-M start-up project that has developed a faster, cheaper, laser-based method of making nano-structured materials and coatings for lithium-ion battery electrodes, solar cells, and industrial coatings. The company, which should launch shortly from U-M Tech Transfer's Venture Center, is based on technology developed in the lab of Pravansu Mohanty, a professor in the Department of Mechanical Engineering at U-M Dearborn.

"The exposure and experience we've gained from the Clean Energy Prize are extremely valuable to us at this point in our business," said team leader Nick Moroz, a doctoral student in the U-M Ann Arbor Department of Materials Science and Engineering. "I'm very excited to take the next step and to establish our firm as a strong cleantech presence in the Li-ion battery market and to begin creating jobs in Michigan."

In addition to Mohanty and Moroz, other team members are Ramesh Guduru, chief scientist and Harishankar Umapathy, operations manager.

U-M President Mary Sue Coleman commended all the participants for their ideas and their energy.

"We can all be proud of the teams that competed in this statewide event, because it is a powerful statement about our collective future," Coleman said.

Gerard Anderson, DTE Energy president and CEO, said this year's competition exceeded expectations in several ways.

"With a starting field of 23 teams representing seven Michigan colleges, the competition has achieved a scale that we had hoped for but did not anticipate reaching in just three years. Also, the quality of the proposals and the talent of the students continue to surprise and impress us," Anderson said.

Previous Clean Energy Prize winners continue to build their businesses

Algal Scientific, the 2008 winner, has raised more than $300,000 in cash and in-kind services to support its technology that uses algae to simultaneously treat wastewater and produce the raw materials for biofuels. The company employs nearly a dozen staff and technical advisers and is deploying a demonstration-scale wastewater treatment plant at an industrial facility in Ohio.

Enertia, the 2009-2010, winner, is continuing to develop and refine their tiny generators that produce electricity from random ambient vibrations. The company has demonstrated a second-generation prototype that can turn vibrations from traffic on a suspension bridge into useable electricity.

Three other teams were honored in the 2011 contest. Team Smart Energy, out of U-M, won second prize and $25,000 for its innovative financing model to retrofit municipal buildings for energy efficiency savings. Team Impact Card, also out of U-M, won third and $10,000 for its first-of-its-kind funding mechanism that aggregates consumer credit card reward points as project financing for renewable energy development. Team Perennial BioEnergy, out of Western Michigan University, finished fourth and received $7,000 for its plan to develop a pennycress-based biodiesel industry.

Contest sponsors include The Masco Corporation Foundation, The Kresge Foundation, UBS Investment Bank, Google, Huron River Ventures and GM Ventures. In addition to the Center for Entrepreneurship, other U-M groups involved in organizing the contest are the Ross School of Business's student organization Ross Energy Club, the Business Engagement Center, the Michigan Memorial Phoenix Energy Institute and the Office of the Vice President for Research.

####

For more information, please click here

Contacts:
Nicole Casal Moore
Phone: (734) 647-7087

John Austerberry
DTE Energy
Phone: (313) 235-8859

Copyright © University of Michigan

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Tough foam from tiny sheets: Rice University lab uses atom-thick materials to make ultralight foam July 29th, 2014

Zenosense, Inc. July 29th, 2014

Optimum inertial design for self-propulsion: A new study investigates the effects of small but finite inertia on the propulsion of micro and nano-scale swimming machines July 29th, 2014

A new way to make microstructured surfaces: Method can produce strong, lightweight materials with specific surface properties July 29th, 2014

Academic/Education

Haydale Announces Collaboration Agreement with Swansea University’s Welsh Centre for Printing and Coatings (WCPC) July 12th, 2014

STFC takes delivery of the 100th Hitachi Tabletop SEM in the UK July 3rd, 2014

Innovation Management and the Emergence of the Nanobiotechnology Industry July 1st, 2014

Albany NanoCollege Faculty Member Selected as Editor-in-Chief of the Prestigious Journal of Electronic Materials July 1st, 2014

Announcements

Tough foam from tiny sheets: Rice University lab uses atom-thick materials to make ultralight foam July 29th, 2014

Zenosense, Inc. July 29th, 2014

Optimum inertial design for self-propulsion: A new study investigates the effects of small but finite inertia on the propulsion of micro and nano-scale swimming machines July 29th, 2014

A new way to make microstructured surfaces: Method can produce strong, lightweight materials with specific surface properties July 29th, 2014

Environment

Iranian Scientists Use Waste Cotton Fibers to Produce Cellulose Nanoparticles July 29th, 2014

Production of Toxic Gas Sensor Based on Nanorods July 28th, 2014

Researchers Use Various Zinc Oxide Nanostructures to Boost Efficiency of Water Purification Process July 13th, 2014

Using Sand to Improve Battery Performance: Researchers develop low cost, environmentally friendly way to produce sand-based lithium ion batteries that outperform standard by three times July 8th, 2014

Energy

Oregon chemists eye improved thin films with metal substitution: Solution-based inorganic process could drive more efficient electronics and solar devices July 21st, 2014

Steam from the sun: New spongelike structure converts solar energy into steam July 21st, 2014

3-D nanostructure could benefit nanoelectronics, gas storage: Rice U. researchers predict functional advantages of 3-D boron nitride July 15th, 2014

Nanotechnology that will impact the Security & Defense sectors to be discussed at NanoSD2014 conference July 8th, 2014

Automotive/Transportation

Stanford team achieves 'holy grail' of battery design: A stable lithium anode - Engineers use carbon nanospheres to protect lithium from the reactive and expansive problems that have restricted its use as an anode July 27th, 2014

Nano-supercapacitors for electric cars July 25th, 2014

Using Sand to Improve Battery Performance: Researchers develop low cost, environmentally friendly way to produce sand-based lithium ion batteries that outperform standard by three times July 8th, 2014

Up in Flames: Evidence Confirms Combustion Theory: Berkeley Lab and University of Hawaii research outlines the story of soot, with implications for cleaner-burning fuels July 1st, 2014

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics

Tough foam from tiny sheets: Rice University lab uses atom-thick materials to make ultralight foam July 29th, 2014

Stanford team achieves 'holy grail' of battery design: A stable lithium anode - Engineers use carbon nanospheres to protect lithium from the reactive and expansive problems that have restricted its use as an anode July 27th, 2014

Nano-supercapacitors for electric cars July 25th, 2014

Compact Vibration Harvester Power Supply with Highest Efficiency Opens Door to “Fix-and-Forget” Sensor Nodes July 23rd, 2014

Grants/Awards/Scholarships/Gifts/Contests/Honors/Records

New imaging agent provides better picture of the gut July 25th, 2014

Hysitron is Awarded TWO R&D 100 Awards for Highly Innovative Technology Developments in the Areas of Extreme Environments and Biological Mechanical Property Testing July 23rd, 2014

Researchers create vaccine for dust-mite allergies Main Page Content: Vaccine reduced lung inflammation to allergens in lab and animal tests July 22nd, 2014

EPFL Research on the use of AFM based nanoscale IR spectroscopy for the study of single amyloid molecules wins poster competition at Swiss Physics Society meeting July 22nd, 2014

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE