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

Quantum twisted Loong confirms the physical reality of wavefunctions September 23rd, 2017

Application of air-sensitive semiconductors in nanoelectronics: 2-D semiconductor gallium selenide in encapsulated nanoelectronic devices September 22nd, 2017

Researchers set time limit for ultrafast perovskite solar cells September 22nd, 2017

DNA triggers shape-shifting in hydrogels, opening a new way to make 'soft robots' September 21st, 2017

Academic/Education

Two Scientists Receive Grants to Develop New Materials: Chad Mirkin and Monica Olvera de la Cruz recognized by Sherman Fairchild Foundation August 16th, 2017

Moving at the Speed of Light: University of Arizona selected for high-impact, industrial demonstration of new integrated photonic cryogenic datalink for focal plane arrays: Program is major milestone for AIM Photonics August 10th, 2017

Graduate Students from Across the Country Attend Hands-on NanoCamp: Prominent scientists Warren Oliver, Ph.D., and George Pharr, Ph.D., presented a weeklong NanoCamp for hand-picked graduate students across the United States July 26th, 2017

The Physics Department of Imperial College, London, uses the Quorum Q150T to deposit metals and ITO to make plasmonic sensors and electric contact pads July 13th, 2017

Announcements

Quantum twisted Loong confirms the physical reality of wavefunctions September 23rd, 2017

Application of air-sensitive semiconductors in nanoelectronics: 2-D semiconductor gallium selenide in encapsulated nanoelectronic devices September 22nd, 2017

Researchers set time limit for ultrafast perovskite solar cells September 22nd, 2017

DNA triggers shape-shifting in hydrogels, opening a new way to make 'soft robots' September 21st, 2017

Environment

Solar-to-fuel system recycles CO2 to make ethanol and ethylene: Berkeley Lab advance is first demonstration of efficient, light-powered production of fuel via artificial photosynthesis September 19th, 2017

High-tech electronics made from autumn leaves: New process converts biomass waste into useful electronic devices August 30th, 2017

Nanoparticles pollution rises 30 percent when flex-fuel cars switch from bio to fossil: Study carried out in São Paulo, home to the world's largest flex fuel urban fleet, shows increase of ultrafine particulate matter when ethanol prices rose and consumption fell August 28th, 2017

A more complete picture of the nano world August 24th, 2017

Energy

Researchers set time limit for ultrafast perovskite solar cells September 22nd, 2017

Copper catalyst yields high efficiency CO2-to-fuels conversion: Berkeley Lab scientists discover critical role of nanoparticle transformation September 20th, 2017

Solar-to-fuel system recycles CO2 to make ethanol and ethylene: Berkeley Lab advance is first demonstration of efficient, light-powered production of fuel via artificial photosynthesis September 19th, 2017

Insect eyes inspire new solar cell design from Stanford August 31st, 2017

Automotive/Transportation

GLOBALFOUNDRIES Announces Availability of Embedded MRAM on Leading 22FDX® FD-SOI Platform: Advanced embedded non-volatile memory solution delivers ‘connected intelligence’ by expanding SoC capabilities on the 22nm process node September 20th, 2017

GLOBALFOUNDRIES Introduces New 12nm FinFET Technology for High-Performance Applications September 20th, 2017

More durable, less expensive fuel cells: University of Delaware researchers have developed a new technology that could speed up the commercialization of fuel cell vehicles September 5th, 2017

High-tech electronics made from autumn leaves: New process converts biomass waste into useful electronic devices August 30th, 2017

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

How to draw electricity from the bloodstream: A one-dimensional fluidic nanogenerator with a high power-conversion efficiency September 11th, 2017

A revolution in lithium-ion batteries is becoming more realistic September 5th, 2017

High-tech electronics made from autumn leaves: New process converts biomass waste into useful electronic devices August 30th, 2017

Candy cane supercapacitor could enable fast charging of mobile phones August 17th, 2017

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

Magnetic cellular 'Legos' for the regenerative medicine of the future September 12th, 2017

Quantum detectives in the hunt for the world's first quantum computer September 8th, 2017

New results reveal high tunability of 2-D material: Berkeley Lab-led team also provides most precise band gap measurement yet for hotly studied monolayer moly sulfide August 26th, 2017

A more complete picture of the nano world August 24th, 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