The H-Prize takes its shape and name from the privately funded $10 million Ansari X Prize, which led, in 2004, to the first privately developed manned rocket to reach outer space twice.
Members of the House Science Committee said that their bill would draw on American’s competitive spirit. Rep. Sherwood Boehlert, a New York Republican who leads the panel, said that “the potential payoff [of a hydrogen technology breakthrough] will be huge: cleaner air, less global warming, and most importantly, an economy that is not held hostage by foreign regimes or volatile oil markets.”
Both NASA and the Defense Advanced Research Projects Agency, or DARPA, have offered prizes for technology. Last year, a team from Stanford University won $2 million from DARPA for designing a robot that won a race across the Mojave Desert.
That competition saw some universities partnering with private companies, and researchers said that the H-Prize could prompt more of the same. […]
From this interesting article in Inside HigherEd.