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

Arrowhead to Present at BioCentury's NewsMakers in the Biotech Industry Conference September 19th, 2014

SouthWest NanoTechnologies (SWeNT) Receives NIST Small Business Innovation Research (SBIR) Phase 1 Award to Produce Greater than 99% Semiconducting Single-Wall Carbon Nanotubes September 19th, 2014

Toward optical chips: A promising light source for optoelectronic chips can be tuned to different frequencies September 19th, 2014

New research points to graphene as a flexible, low-cost touchscreen solution September 19th, 2014

Academic/Education

Biosensors Get a Boost from Graphene Partnership: $5 Million Investment Supports Dozens of Jobs and Development of 300mm Fabrication Process and Wafer Transfer Facility September 18th, 2014

Malvern technology delivers Malvern reliability in multi-disciplinary lab at Queen Mary University London September 9th, 2014

State University of New York Trustees Unanimously Approve SUNY Polytechnic Institute (SUNY Poly) as New Name for Merged SUNY CNSE / SUNYIT September 9th, 2014

New Vice President Takes Helm at CNSE CMOST: Catherine Gilbert To Lead CNSE Children’s Museum of Science and Technology Through Expansion And Relocation August 29th, 2014

Announcements

Arrowhead to Present at BioCentury's NewsMakers in the Biotech Industry Conference September 19th, 2014

SouthWest NanoTechnologies (SWeNT) Receives NIST Small Business Innovation Research (SBIR) Phase 1 Award to Produce Greater than 99% Semiconducting Single-Wall Carbon Nanotubes September 19th, 2014

Toward optical chips: A promising light source for optoelectronic chips can be tuned to different frequencies September 19th, 2014

New research points to graphene as a flexible, low-cost touchscreen solution September 19th, 2014

Environment

Iranian Nano Scientists Create Flame-Resistant Polymers September 13th, 2014

NanoStruck has a High Recovery Rate on Mine Tailings: retrieval of up to 96% of Gold, 88% of Silver and 86% of Palladium September 12th, 2014

Nanostruck announces 87.6% recovery of 56 GMS/ton silver tailings samples September 12th, 2014

Boosting armor for nuclear-waste eating microbes September 12th, 2014

Energy

IEEE International Electron Devices Meeting To Celebrate 60th Anniversary as The Leading Technical Conference for Advanced Semiconductor Devices September 18th, 2014

Rice rolls 'neat' nanotube fibers: Rice University researchers' acid-free approach leads to strong conductive carbon threads September 15th, 2014

Simple, Cost-Effective Method Proposed for Synthesizing Zinc Oxide Nanopigments September 15th, 2014

UT Arlington research uses nanotechnology to help cool electrons with no external sources September 11th, 2014

Automotive/Transportation

Next-Gen Luxury RV From Global Caravan Technologies Will Offer MagicView Roof and Windshield Using SPD-SmartGlass Technology From Research Frontiers: Recreational Vehicle Manufacturer Global Caravan Technologies (GCT) Features 28 Square Feet of MagicView™ SPD-SmartGlass September 17th, 2014

Toward making lithium-sulfur batteries a commercial reality for a bigger energy punch September 17th, 2014

Nanoribbon film keeps glass ice-free: Rice University lab refines deicing film that allows radio frequencies to pass September 16th, 2014

‘Small’ transformation yields big changes September 16th, 2014

Battery Technology/Capacitors/Generators/Piezoelectrics/Thermoelectrics

IEEE International Electron Devices Meeting To Celebrate 60th Anniversary as The Leading Technical Conference for Advanced Semiconductor Devices September 18th, 2014

Toward making lithium-sulfur batteries a commercial reality for a bigger energy punch September 17th, 2014

NEI Corporation and PneumatiCoat Technologies Sign Agreement to Jointly Develop and Market New Materials for Lithium-ion Batteries September 12th, 2014

UT Arlington research uses nanotechnology to help cool electrons with no external sources September 11th, 2014

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

SouthWest NanoTechnologies (SWeNT) Receives NIST Small Business Innovation Research (SBIR) Phase 1 Award to Produce Greater than 99% Semiconducting Single-Wall Carbon Nanotubes September 19th, 2014

Big Results Require Big Ambitions: Three young UCSB faculty receive CAREER awards from the National Science Foundation September 18th, 2014

Effective Nanotechnology Innovations to Receive Mustafa Prize September 16th, 2014

‘Small’ transformation yields big changes September 16th, 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