WASHINGTON--(BUSINESS WIRE)--
Today, the Georgetown University Energy Prize, a $5 million incentive competition to reduce America’s energy consumption, announced a list of 51 communities who have signed letters of intent to compete. This announcement signals the opening of the Prize’s Application Phase for the nearly 9,000 eligible U.S. communities with a population between 5,000 and 250,000.
The nationwide competition aims to dramatically improve America’s energy standing by challenging communities across the U.S. to rethink their energy use—specifically household and municipal consumption of electricity and natural gas.
“The cheapest way to reduce emissions is energy efficiency, and by partnering with communities, businesses and state and local governments we can drive greater energy efficiency further and faster,” said U.S. Deputy Secretary of Energy Daniel B. Poneman at the event. “We applaud these communities as they save homes and businesses money by saving energy and protect our air and water.”
The Georgetown University Energy Prize will serve as a catalyst to set America on the path toward long-term, positive change by leveraging our most critical zero-emissions “fuel” source: energy efficiency.
Communities will work in partnership with their local governments, residents, and utilities to reduce energy consumption over a two-year period. A judging committee, to be announced in late 2014, will evaluate competitors on a specific set of weighted objectives, including their ability to:
The following 51 communities today publicly signaled their intent to compete in the Georgetown University Energy Prize:
“We’re thrilled by the tremendous enthusiasm and excitement we’ve seen for the Georgetown University Energy Prize in just the last few months,” said Dr. Francis Slakey, Executive Director of the Prize. “Despite the many initiatives and incentives available, the adoption rate for energy efficiency programs remains at about 5 percent. We need radical thinking, starting at the community level, to fix this ‘stuck’ problem—and that’s what the Prize is all about.”
During the Application Phase—which concludes on June 30, 2014—all eligible communities are encouraged to submit applications to compete for the Prize. The Application Phase will be followed by Quarterfinals, and Semifinals, and will conclude in 2017 when one winning community is awarded a $5 million prize purse for use on energy efficiency programs.
The Georgetown University Program on Science in the Public Interest is leading the Prize with support from the McDonough School of Business Global Social Enterprise Initiative and the Georgetown University Environment Initiative.
“Developing breakthrough innovations in energy efficiency is a cross-sector challenge requiring an interdisciplinary approach,” noted Georgetown University President John J. DeGioia. “As a leading academic and research institution, Georgetown has long inspired and prepared students to engage the world’s most complex issues. We are proud to play a vital role as the convener of not only the Energy Prize, but also the research and ideas that inspire its work.”
The Georgetown University Energy Prize has received support and encouragement from several organizations, including the U.S. Department of Energy, The Joyce Foundation, and the American Gas Association. For a full list of collaborators, and to learn about how these organizations will play a role in the competition, visit www.guep.org/sponsors.
Fundraising for the $5 million prize purse is ongoing, and a complete list of financial sponsors will be announced in late 2014. Although led by Georgetown University, all funding for the prize purse is being provided by private, outside donations.
To learn more about the Georgetown University Energy Prize and to track the competition’s progress, visit www.guep.org, or follow the Prize on Twitter (@GUEnergyPrize).
About Georgetown University Energy Prize
The Georgetown University Energy Prize aims to rethink America’s energy use by harnessing the ingenuity and community spirit of towns and cities all across America. Over the course of a two-year period, the Prize will challenge small- to medium-size towns, cities, and counties to rethink their energy use, and implement creative strategies to increase efficiency. To compete for the Prize, local governments, residents, utilities, and others will need to work together to demonstrate success in sustainably reducing energy consumption. For more information, visit www.guep.org.
About Georgetown University
Georgetown University is the oldest and largest Catholic and Jesuit university in America, founded in 1789 by Archbishop John Carroll. Georgetown, today, is a major student-centered, international research university offering respected undergraduate, graduate and professional programs in Washington, D.C., Doha, Qatar, and around the world. For more information about Georgetown University, visit www.georgetown.edu.
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