Published on February 16th, 2016 | by Guest Contributor1
Fraunhofer TechBridge Launches SunRISE TechBridge Challenge
February 16th, 2016 by Guest Contributor
Originally published on Sustainnovate.
By Henry Lindon
The SunRISE TechBridge Challenge — a competition aiming to reduce the levelized cost of energy for solar photovoltaics through innovation in materials and technologies — was recently launched by Fraunhofer TechBridge, in partnership with Royal DSM and Greentown Labs.
Applications for the competition — which will see a number of prizes offered to the winners — are now being accepted. Entries will reportedly be judged based on the potential implications of their work on the solar photovoltaic (PV) field. Importantly, the intellectual property of awardees is “fully protected throughout the process.”
Here’s more from a new press release:
“The SunRISE TechBridge Challenge is seeking innovations in materials and technologies that will enable the reduction of levelized cost of energy (LCOE) for photovoltaic (PV) systems, and consequently increase the penetration of affordable PV. Solar energy has become an important source in the global energy mix over the past decade. For solar energy to reach grid parity and become cost competitive with fossil fuel-based generation on a global scale, it is necessary to lower the LCOE of solar PV.”
Here’s an overview of the prizes up for grabs:
* Up to $100,000 in technical validation services from the world-renowned Fraunhofer R&D network
* Greentown Launch incubation and acceleration program at Greentown Labs, up to $130,000 value in in-kind tools, products, and services
* Partnership and/or a project with DSM
* Venture investment from DSM
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