banner

Screen Shot 2015-02-12 at 1.56.51 PM
720 Views

BASF starts Open Innovation contest on energy storage


Ideas can be submitted until June 2, 2015 – Winners will be awarded with €100,000

Competition is an important part of the co-creation program BASF has initiated in its anniversary year. The best concepts have the chance to become a collaborative research project with BASF

Ludwigshafen, Germany – February 9, 2015 – The Open Innovation Contest BASF is starting today aims to find ideas to store energy from renewable energy sources. The context calls for sustainable technologies which are capable of storing power from the grid and feeding it back into it. Together with companies, scientists, start-ups and inventors, BASF is looking for efficient solutions to store electricity on a long-term basis, which are financially viable, for example through lower investment costs. Innovative chemistry should play a central role in the submitted proposals. Ideas can be submitted online until June 2, 2015, at NineSights (www.ninesigma.com/). BASF employees are excluded from participation. A jury of BASF experts and external specialists will choose the best proposals and award up to five winners. The winners will be announced in November 2015. Each of them receives a prize of €100,000. The winners also have the chance to collaborate with BASF in a research project based on their idea. With the aim to find new ideas and contacts, the competition is an important part of the co-creation program BASF has launched in its anniversary year.

This program, called Creator Space, consists of innovative formats for virtual and live discussions and also includes three science symposia. Through it, new ideas will be collected and discussions on the topics energy, food and urban living initiated. The goal is to bring people and ideas together to work on solutions for societal challenges. The Open Innovation Contest on energy storage is led by the BASF research unit “Process Research and Chemical Engineering.” Worldwide more and more electricity is being produced from renewable energy sources. However, they are not available around the clock, since the electricity produced from sun and wind depends on weather, time and season. There are both phases with a surplus of electricity and phases in which no electricity is generated. To ensure a continuous power supply, the electricity from renewable energy sources must be stored before it is delivered to the consumer. So far, however, the storage of excess energy is not yet financially viable.

For further information about the Open Innovation Contest visit: www.basf.com/energy-contest

Source: BASF Press Release


Follow Alive2Green on Social Media

TwitterFacebookLinkedInGoogle +

Recently Published

Schneider E
»

IoT shaping new facilities management paradigms

63% facilities manager to implement IoT Green buildings in South ...

coca-cola
»

Coca-Cola’s Investment in Cape Town Water Fund

Coca-Cola’s investment in the Greater Cape Town Water Fund is ...

Plastics SA1
»

Plastic Alternatives – Blessing or Curse?

On the 3rd of July, citizens throughout the world celebrated Plastic ...

Van dyck
»

Van Dyck Floors reveals another masterpiece – the Mozart Collection

Every great symphony starts with the perfect composition and when it ...

Airport
»

Major South African airports score well in international on-time rankings

South Africa’s three main airports have each been awarded four-star ...

pnp
»

Pick n Pay trials compostable carrier bags in Cape Town

Pick n Pay has become the first South African retailer to trial ...

wastecon
»

24th biennial WasteCon 2018 conference

The premier showcase of best practice in African waste management ...

kzn durban
»

KwaZulu-Natal Manufacturing Indaba 2018 to Address Pressing Topics

The annual KwaZulu-Natal Manufacturing Indaba, to be held on the 22nd ...

Schneider2
»

Jean-Pascal Tricoire appointed to the Board of the United Nations Global Compact

A recognition of Schneider Electric’s long-term commitment to ...