Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

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

Two-dimensional melting of hard spheres experimentally unravelled after 60 years: First definitive experimental evidence of two-dimensional melting of hard spheres April 21st, 2017

National Conference on Nanomaterials, (NCN-2017) April 21st, 2017

NanoMONITOR shares its latest developments concerning the NanoMONITOR Software and the Monitoring stations April 21st, 2017

Nanomechanics, Inc. Unveils New Product at ICMCTF Show April 25th: Nanoindentation experts will launch the new Gemini that measures the interaction of two objects that are sliding across each other – not merely making contact April 21st, 2017

Academic/Education

SUNY Polytechnic Institute Announces Total of 172 Teams Selected to Compete in Solar in Your Community Challenge: Teams from 40 states, plus Washington, DC, 2 Territories, and 4 American Indian Reservations, Will Deploy Solar in Underserved Communities April 20th, 2017

Rice crew revved for Nanocar Race: Nanocar creator James Tour and team take on international competition with single-molecule marvel April 20th, 2017

The Catholic University of Rome uses the JPK NanoWizard® AFM & CellHesion® systems to understand how cells sense and respond to mechanical stimuli April 5th, 2017

AIM Photonics Welcomes Coventor as Newest Member: US-Backed Initiative Taps Process Modeling Specialist to Enable Manufacturing of High-Yield, High-Performance Integrated Photonic Designs March 16th, 2017

Announcements

Two-dimensional melting of hard spheres experimentally unravelled after 60 years: First definitive experimental evidence of two-dimensional melting of hard spheres April 21st, 2017

National Conference on Nanomaterials, (NCN-2017) April 21st, 2017

NanoMONITOR shares its latest developments concerning the NanoMONITOR Software and the Monitoring stations April 21st, 2017

Nanomechanics, Inc. Unveils New Product at ICMCTF Show April 25th: Nanoindentation experts will launch the new Gemini that measures the interaction of two objects that are sliding across each other – not merely making contact April 21st, 2017

Environment

NanoMONITOR shares its latest developments concerning the NanoMONITOR Software and the Monitoring stations April 21st, 2017

Wood filter removes toxic dye from water April 21st, 2017

Making Batteries From Waste Glass Bottles: UCR researchers are turning glass bottles into high performance lithium-ion batteries for electric vehicles and personal electronics April 19th, 2017

Shedding light on the absorption of light by titanium dioxide April 14th, 2017

Energy

SUNY Polytechnic Institute Announces Total of 172 Teams Selected to Compete in Solar in Your Community Challenge: Teams from 40 states, plus Washington, DC, 2 Territories, and 4 American Indian Reservations, Will Deploy Solar in Underserved Communities April 20th, 2017

Better living through pressure: Functional nanomaterials made easy April 19th, 2017

Shedding light on the absorption of light by titanium dioxide April 14th, 2017

Controlling forces between atoms, molecules, promising for ‘2-D hyperbolic’ materials April 4th, 2017

Automotive/Transportation

Making Batteries From Waste Glass Bottles: UCR researchers are turning glass bottles into high performance lithium-ion batteries for electric vehicles and personal electronics April 19th, 2017

BASF and Landa partner to create revolutionary pigments for automotive coatings: The alliance combines BASF innovations with Landa nano-pigment technology April 5th, 2017

ATTOPSEMI Technology Joins FDXcelerator Program to Deliver Advanced Non-Volatile Memory IP to GLOBALFOUNDRIES 22 FDX® Technology Platform: Leading-edge I-fuse™ brings higher reliability, smaller cell size and ease of programmability for consumer, automotive, and IoT applications March 27th, 2017

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics/Energy storage

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

Making Batteries From Waste Glass Bottles: UCR researchers are turning glass bottles into high performance lithium-ion batteries for electric vehicles and personal electronics April 19th, 2017

Bio-inspired energy storage: A new light for solar power: Graphene-based electrode prototype, inspired by fern leaves, could be the answer to solar energy storage challenge April 2nd, 2017

Argon is not the 'dope' for metallic hydrogen March 24th, 2017

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

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

SUNY Polytechnic Institute Announces Total of 172 Teams Selected to Compete in Solar in Your Community Challenge: Teams from 40 states, plus Washington, DC, 2 Territories, and 4 American Indian Reservations, Will Deploy Solar in Underserved Communities April 20th, 2017

Rice crew revved for Nanocar Race: Nanocar creator James Tour and team take on international competition with single-molecule marvel April 20th, 2017

Nano-SPEARs gently measure electrical signals in small animals: Rice University's tiny needles simplify data gathering to probe diseases, test drugs April 17th, 2017

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