The American-Made Geothermal Manufacturing Prize (Geothermal Prize) is designed to spur innovation and address manufacturing challenges fundamental to operating in harsh geothermal environments. This prize further supports the ability of the geothermal industry to reach the target of 60 GWe of geothermal capacity by 2050 as outlined in the recently released GeoVision study .
As part of the American-Made Challenges series, the Geothermal Prize unites the world’s best-in-class research base with the unparalleled entrepreneurial support system of the American-Made Network. Consisting of pioneering maker spaces, dozens of energy incubators, universities, and 17 DOE National Laboratories, the Network is primed to create a sweeping portfolio of innovations to demonstrate the promise of additive manufacturing.
Competitors in the Ready!, Set!, Make!, and Geo! Contests participate in four escalating challenges. The contests provide a total of $4.65 million in incentives—$3.25 million in cash prizes, $1 million in vouchers, and $400,000 in field testing costs—to incentivize driving additively manufactured geothermal innovations from concept to prototype testing in two years through an accelerated schedule.
The Geothermal Prize Set! Contest Voucher Guidelines are now available on HeroX under the Resources tab.
Please note that competitors that did not submit to the Ready! Contest, but are planning on submitting to the Set! Contest may contact the Prize Administrator (GeothermalPrize@nrel.gov) to receive the Voucher Capabilities Menu and networking information.
Did you miss the Geothermal Prize: Advancements in Geothermal webinar yesterday? View the webinar recording now to catch everything you missed. During this presentation, prize administrators from the U.S. Department of Energy discussed the Geothermal Prize while researchers at Oak Ridge National Laboratory and Sandia National Laboratory covered case studies and lab capabilities.
Remember, the Set! Contest is open to new and current competitors. During this stage of competition, competitors are asked to develop a design that addresses geothermal manufacturing challenges and build a team of experts who can make it happen. Up to 10 teams will be selected to split a $1 million cash prize pool and move on to the next contest.
If you have questions or need help about getting started, please reach out to . The Set! Contest is open until Wednesday, Feb. 17, 2021. Good luck, innovators!
Tomorrow, Jan. 12, at 1 p.m. ET, the Geothermal Prize is hosting a webinar with industry experts from national laboratories to discuss the latest technology coming out of geothermal and additive manufacturing. They’ll also discuss how the Geothermal Prize is working to solve pressing issues and how you could earn part of $4.65 million in prizes for your creative solution.
As a reminder, the Set! Contest is open to anyone who has a solution that addresses geothermal manufacturing challenges. During this phase, competitors must develop their design and build a team. Up to 10 winners will be selected to move on to the Make! Contest and split a $1 million cash prize.
Whether you are new to the Geothermal Manufacturing Prize or you submitted an idea to the Ready! Contest and were not selected as a winner, you are still encouraged to advance your innovation by competing in the Set! Contest.
Whether you’re interested in learning more about the Geothermal Prize or the technological advancements shaping the industry, we invite you to attend the Advancements in Geothermal webinar next Tuesday, Jan. 12, at 1 p.m. ET.
During this webinar, you’ll also learn more about the Geothermal Prize and its goals to solve pressing challenges within the industry. Prize administrators will share how you can get involved by supporting an existing team or creating a new one ahead of the Set! Contest submission due date in February.
As a reminder, the Set! Contest asks innovators to develop a design and build a team that addresses manufacturing challenges fundamental to operating in harsh geothermal environments. At the end of the Set! Contest, up to 10 winners will win part of the $1 million cash prize pool and move on to the third contest for continued prize opportunities.
We are seeking individuals with experience in additive manufacturing, oil and gas, equipment management, and beyond to submit designs for the Set! Contest. If you’re interested in developing technologies that rapidly advance additive manufacturing in the geothermal industry, we invite you to participate in the Geothermal Prize.
This is your opportunity to work with and learn from the top researchers, engineers, and innovators in the world and compete for part of $4.65 million in prizes. All you need to get started is a team, a solution, and a design.
In October 2020, 15 teams were selected as quarterfinalists of the Ready! Contest, each earning cash prizes and an invitation to compete in the Set! Contest. Now, we’re looking for industry experts to join existing teams or form new competing teams—that’s where you come in!
We hope to see you take advantage of this opportunity to impact the additive and geothermal industries!