$100 Million Prize for Energy Breaththrough

With energy prices skyrocketing, lawmakers considered a bill Thursday that would offer more than $100 million in prize money to developers of technologies that would move the oil-dependent U.S. economy toward a hydrogen energy base.

Sponsored by Rep. Bob Inglis, R-S.C., the legislation was the focus of a hearing at the House Science Committee. The measure would create three prize categories ranging from $1 million to $100 million to spur inventors to overcome the technical barriers to a widespread commercialization of hydrogen as an energy source.
MarketWatch