Clean Energy Challenge

New in 2011, MEF is partnering with the Clean Energy Trust, which will hold its first-ever Clean Energy Challenge. Sponsored by the U.S. Department of Energy, this exciting new opportunity is seeking transformative business ideas from Illinois entrepreneurs working in: renewable energy; next generation transportation; smart grid; advanced batteries; energy efficiency; green building; carbon abatement; water conservation and containment mitigation; energy information systems; and alternative fuels.

In January, the Clean Energy Trust announced finalists that will advance to the final round of the competition. A distinguished panel of independent evaluators selected nine companies to compete for the $100,000 early-stage business prize. Six finalists will vie for $30,000 in concept-stage funding. Finalists include:

Early-Stage Business Finalists    
Company Location Category
Agentis Energy Elmhurst Smart Grid
Clean Urban Energy Chicago Smart Grid
Energy Recovery Technologies Evanston Energy Efficiency
Intelligent Generation
Chicago Smart Grid
NextGen Solar
Chicago Solar
Power2Switch Chicago Energy IT
PVPower Chicago Solar
Root3 Technologies Chicago Energy Efficiency
Sol Xorce Northbrook Solar
Concept-Level Finalists    
General Biomass Company Chicago Biofuels
Lotus Creative Innovations Compton Wind
Orbeon Technologies Chicago Building Technology
Sun Phocus Chicago Solar
S2E Solar Evanston Solar
Thermal Conservation Technologies Chicago Energy Efficiency

Over the coming weeks, the finalists will be paired with mentors who will help them develop their business concept and refine their investor pitch. Both concept and seed stage applicants will present their businesses to a panel of clean tech experts and investors from across the country at the Midwest Energy Forum on March 3, 2011.

Visit the Clean Energy Challenge website or read the press release to learn more about the competition and the finalists.

Last Updated 2/16/11