Congratulations to the Capacitor Challenge!

A couple of months ago, I wrote about that X PRIZE selecting new contest ideas and out of 133 entries, 3 finalist were chosen. Out of those 3, the Capacitor Challenge was the winner!
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I’m a big fan of the X PRIZE Foundation because of the ingenuity and creativity that they promote with their record breaking contests in different fields such as aviation, energy, and science. And you know I’ve been watching the progress of the Auto X PRIZE here on my blog.

What’s amazing about their prizes as well is that you can submit your own idea for a prize. What do you think as impossible? How will it benefit all of mankind? These are the challenges that the X PRIZE Foundation wants to support.

Ken Beitel, a computer systems analyst and documentary film producer, has entered the contest and is proposing that the next X Prize be a $10 billion corporate challenge focusing on renewable energy investment:

First Company or Corporate team to Generate $10 billion in Renewable Energy Investment via Retirement Plans Could be the Winner of a Proposed New X Prize. Adding a renewable energy sector fund to 401(k) retirement plans will: 1)generate a significant number of new jobs 2)create a healthy economy, 3)increase clean energy production, 4)lower energy costs and combat climate change

You can catch a 2 minute video of his idea at The Renewable Energy Initiative which he pitches his project.

I think it’s a great idea for a prize, and we’ll have to see if the X PRIZE Foundation chooses it.

Think you have something better? Submit your proposal to the Foundation by November 18th, 2008 as they will begin judging the entries that have been submitted.