The Georgia Tech team presented their technology to a panel of expert judges from the clean energy community at the ACC Clean Energy Challenge Final Four on March 26 at the University of Maryland, the competition host and organizer. The team, which includes graduate students Marcelo Sandoval, ECE, Jennifer Howard, ECE, Mitch Costley, ECE, and Eric Crane, BA, now moves on to represent the southeast region in the DOE National Clean Energy Business Plan Finals, to be held in Washington, D.C., on June 11-12, 2014.
The daylong ACC Clean Energy Challenge finals event began with ten semifinalist teams from the southeast region representing Clemson, Duke, Georgia Tech, North Carolina State University, University of Alabama, University of Maryland, University of Miami and Virginia Tech. Following the semi-finals round, Georgia Tech, Clemson and two University of Maryland teams advanced to the competition's Final Four, where judges selected Energy Internet as the ACC Clean Energy Challenge Champion. The $100,000 prize and ACC Clean Energy Cup were presented by Dr. Darryll Pines, Dean of the Clark School of Engineering at the University of Maryland, Dean Chang, Associate VP, Academy for Innovation & Entrepreneurship, University of Maryland, and Jennifer Garson, Technology-to-Market Analyst, Office of Energy Efficiency and Renewable Energy, U.S. Department of Energy.
ACC Clean Energy Challenge winner Energy Internet is developing a new electric power grid approach and solution with a decentralized, autonomous, Internet-like control architecture and a learning control software system. The proposed architecture leverages smart grid investment in sensing and communications and is massively scalable and incrementally deployable, enabling grid flexibility and numerous desirable value propositions, according to the Georgia Tech team. The new architecture is based on the emerging concept of electricity "Prosumers," i.e., economically motivated parties (residential, commercial, industrial and institutional) that can produce, consume or store electricity as determined by their unique needs and capabilities.
The $100K ACC Clean Energy Challenge is a business plan competition encouraging students from all universities throughout the southeastern United States to develop business plans for new clean energy companies focused on renewable energy, energy efficiency improvements and advanced fuels/vehicles. As part of the Obama Administration's effort to support and empower the next generation of American clean energy entrepreneurs, the Department of Energy selected the ACC Clean Energy Challenge and five additional regional competitions in the U.S. as part of its inaugural nationwide network of student-focused clean energy business plan competitions over the next three years.
For more information about the competition, visit: www.accnrg.org.