The Zayed Future Energy Prize represents the vision of the late founding father and President of the United Arab Emirates, Sheikh Zayed bin Sultan al Nahyan, who championed environmental stewardship. Under the auspices of the Abu Dhabi government, this annual award celebrates achievements that reflect innovation, long-term vision and leadership in renewable energy and sustainability. The Zayed Future Energy Prize has an annual prize fund of US$2.2 million open to companies, NGOs and individuals who have made a significant impact on our energy future. The winner will receive $1.5 million, and the global honour and recognition that come with winning the Zayed Future Energy Prize. In addition to the winner, there could be up to two finalists who receive US$ 350,000 each, to accelerate the development of their ideas.
The Zayed Future Energy Prize was developed to honour and recognize the very best solutions in renewable energy and sustainability. A detailed, transparent and consistent evaluation process was developed in order to give each submission the consideration and due diligence that it deserves.
Every entry is reviewed by an independent external research and analysis firm who will consult with the prize administration team to shortlist the top 100 candidates.
These nominations will be shortlisted to the best 40 by the review committee, from which the selection committee will determine the top six to be presented to the jury as finalists.
Throughout the entire process, all entrants will be scored on the same three criteria: long term vision, innovation and leadership. This process allows the detailed analysis that is necessary to ensure that the eventual winner exemplifies the goals of the Zayed Future Energy Prize.
The 2011 Zayed Future Energy Prize winner, Vestas, was selected for its outstanding scale of achievement and its enviable track record – evolving from a country with little energy resources to a global leader in delivering renewable sources of power. For the past 30 years, Vestas has firmly promoted and established clean, renewable wind power as a mainstream and sustainable energy solution. Vestas’ new turbine, V112-3.0 MW, is the most reliable product on the market and the most efficient of its class, combining both proven technologies and innovative solutions.
Amory B. Lovins, Chairman and Chief Scientist of the Rocky Mountain Institute was awarded a runner-up prize of US$350,000 for his work on an “integrative design” methodology for energy efficient buildings, vehicles and factories. E+Co, a clean-energy investment company, was also awarded a runner-up prize of US$350,000 and congratulated for its pioneering investments in the developing world. It supports and invests in small and growing clean-energy enterprises in developing countries to impact climate change and energy poverty.
For more information about the Zayed Future Energy Prize see www.ZayedFutureEnergyPrize.com