How to Compete in the American-Made Geothermal Manufacturing Prize
The Geothermal Prize is designed to spur innovation and address manufacturing challenges fundamental to operating in harsh geothermal environments. It offers $4.65 million in prizes and a chance to innovate and win with the support and expertise of the national labs, incubators, investors, facilities, and seasoned industry mentors in the American-Made Network.
A Prize Competition Structured for Success
Competitors in the Geothermal Manufacturing Prize participate in four progressive prize contests: Ready!, Set!, Make!, and Geo!
These competitions fast-track efforts to identify, develop, and test disruptive manufacturing solutions to geothermal operational challenges. Participants will compete to win a portion of $3.25 million in cash prizes, $1 million in support vouchers, and $400,000 in field testing costs.
These support vouchers can be used at national laboratories and other approved voucher facilities within the American-Made Network to develop, test, and validate technology. Throughout the Geothermal Prize, competitors will also receive support from Network members, including technical insight, product validation, mentoring, access to facilities, and other critical resources competitors need to succeed.
Ready!, Set!, Make!, and Geo!
The Ready!, Set!, Make!, and Geo! Contests fast-track efforts to identify, develop, and test disruptive solutions to geothermal industry needs for a total of $4.65 million in prizes. Each stage lasts 3-7 months and is expected to culminate in summer 2022.
|Ready!||Up to 20||$500,000 distributed equally, with cash prizes ranging from $25,000 to $50,000 per winner|
|Set!||Up to 10||$1,000,000 in cash prizes and $750,000 in vouchers, with each winner receiving between $100,000 to $200,000 in cash and between $75,000 and $150,000 in vouchers|
|Make!||Up to 5||$750,000 in cash prizes and $250,000 in vouchers, with each winner receiving between $150,000 and $250,000 in cash and $50,000 in vouchers|
|Geo!||Up to 2||$500,000 each in cash prizes and up to $200,000 for field- testing per eligible winner|
Anyone Can Compete
Competitors are entrepreneurial individuals or teams legally residing or based in the United States. Competitors can be individuals of one or multiple organizations, students, university faculty members, small business owners, researchers, or anyone with the desire and drive to transform an idea into an impactful solution.Compete or Follow the Geothermal Prize