E-Prize Competition Pilot Program Act of 2015
Last action on Jun 9, 2015Committee on Energy and Natural Resources. Hearings held....
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Summary
E-Prize Competition Pilot Program Act of 2015
This bill directs the Department of Energy to establish for a limited time: (1) a prize competition for the development and demonstration of technology that reduces by at least 25% the cost of electricity or space heat in high-cost regions; and (2) a Competition Board to award a maximum of 4 prizes of not more than $1 million each.
Funds for the awards shall be available from the Energy Technology Commercialization Fund.
The Competition Board must use prescribed criteria to evaluate competing technologies.
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