DOE Announces New $2.5 Million Prize to Support Diversity in Innovation
The U.S. Department of Energy (DOE) today launched the new Inclusive Energy Innovation Prize that will award up to $2.5 million in cash prizes to groups and organizations that support entrepreneurship and innovation in communities historically underserved in climate and energy technology funding. The Inclusive Energy Innovation Prize supports the Biden-Harris Administration’s Justice40 initiative to put environmental and economic justice at the center of America’s transition to a net-zero economy by 2050.
“Structural barriers are still stifling the ability for innovators who are Black, Indigenous, and people of color – some of the people most impacted by climate change – to access clean energy funding,” said Secretary of Energy Jennifer M. Granholm. “DOE’s new Inclusive Energy Innovation Prize aims to bridge that gap and build an inclusive community of innovators who have a seat at the table as we map out a comprehensive, equitable clean energy transition.”