Tuesday, March 24, 2009

Team Algal Scientific Wins Inaugural Clean Energy Prize

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DTE Energy and University of Michigan clean energy business competition designed to move new energy technology from the laboratory to the marketplace. A plan to use algae to simultaneously treat wastewater and produce the raw materials for biofuels won the inaugural Clean Energy Prize on Friday.

The competition was established by DTE Energy and the University of Michigan along with sponsors, Masco Corporation Foundation and The Kresge Foundation, to encourage entrepreneurship in Michigan and the development of clean energy technology.

Team Algal Scientific Corp., comprised of business and engineering students from the University of Michigan and Michigan State University, earned the top prize of $65,000.

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