Fergie's Tech Blog

$10M Prize for Hydrogen Fuel Technology

An AP newswire article by Jim Abrams, via ABC News, reports that:

Scientists, inventors and entrepreneurs will be able to vie for a grand prize of $10 million, and smaller prizes reaching millions of dollars, under House-passed legislation to encourage research into hydrogen as an alternative fuel.

Legislation creating the "H-Prize," modeled after the privately funded Ansari X Prize that resulted last year in the first privately developed manned rocket to reach space twice, passed the House Wednesday on a 416-6 vote. A companion bill is to be introduced in the Senate this week.

posted by Fergie @ 5/10/2006 12:10:00 PM