Teams representing the University of Maryland, Georgia Institute of Technology, Stanford University, MIT, and Harvard were selected from two dozen semifinalists competing to win the $200,000 MIT Clean Energy Prize -- a national annual competition for the best clean energy business venture. The finalists (who have already received a $15,000 cash prize to jump-start business ventures featuring their clean energy innovations) will present their plans to a grand-prize judging panel at an awards ceremony held at the MIT Faculty Club on May 11th. The grand-prize winner will be awarded $200,000 by NSTAR and the U.S. Department of Energy.
The Maryland team is composed of John Silberholz (undergraduate CS major and co-founder/CTO of a company called Enertaq)and Max Epstein (undergraduate Economics major'09).
The proposal presents a system to manage energy use in large commercial buildings to balance the electrical grid minute-to-minute by adjusting electricity demand.