This is an excerpt from EERE Network News, a weekly electronic newsletter.

April 23, 2014

KAir Battery Wins Southwest Regional Clean Energy Business Plan Competition

KAir Battery, a student team from Ohio State University, won the Southwest region of the Energy Department’s National Clean Energy Business Plan Competition in Houston, Texas, recently, receiving the top prize of $100,000 and advancing to the national competition.

Demonstrating their position as one of the largest student business plan competitions, 42 teams pitched their IT, energy, social, and life science start-ups over the course of the three days of the Rice Business Plan Competition. A panel of more than 100 judges, representing experts from energy, biomedical, and finance industries, selected teams to advance to the semi-final and final rounds, culminating in a grand prize award ceremony. The award ceremony was a record-setting day for the 14-year-old Rice competition, with $2.9 million in cash and prizes distributed to the most innovative clean energy projects presented by student teams. KAir Battery took home multiple prizes, including the $100,000 Energy Department prize.

KAir Battery develops clean, energy efficient, and cost-effective large-scale stationary potassium-air batteries. These batteries could support renewable energy systems by storing excess power and distributing it at times of peak consumer demand. According to KAir, these batteries store generated electricity and return 98% of the input energy. For the complete story, see the Energy Blog.