X Prize: $100 Million for Clean Fuels

In a bid to speed innovation, the foundation plans awards for breakthroughs in biofuels and other alternative-energy fields
Workers unfold a roll of photovoltaic solar panels on a roof of a warehouse in France on Apr. 15, 2008, to be part of the largest power producing energy by solar panels on a 54,000-square-meter roofsize. Pascal Guyot

The X Prize Foundation made its name handing out $10 million awards for cutting-edge innovation in promising but thinly financed fields of research. But now the Santa Monica (Calif.) foundation is targeting one of the most-crowded contests in technology: the race to discover clean alternatives to fossil fuels.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.