NineSigma today launched an open innovation contest on behalf of BASF, the world’s largest chemical company. As the world shifts toward a heavier dependence on electricity derived from renewable sources, like hydroelectric, solar, and wind, the need to develop lost-cost, robust storage of electricity on a large scale grows more urgent.
NineSigma specializes in Open Innovation, which empowers organizations to reach out to a worldwide community of scientific and technical experts to find novel solutions and new approaches from across industries. BASF is utilizing this strategy to find technologies for efficient, chemically based, stationary energy storage. Proposed technologies with supporting data are encouraged, but there is also a strong interest in highly innovative conceptual approaches. Up to five winners each will win a 100,000€ prize.
BASF is seeking technologies that will:
- Store energy for stationary applications
- Have a chemical basis for energy storage
- Safely store and release electricity
- Be less expensive, or more efficient, than existing energy storage options
All proposals must be submitted online at NineSights, NineSigma’s open innovation community, by June 2, 2015. Winners will be announced in November 2015. For further information, please go to https://ninesights.ninesigma.com/web/basf-contest.
The contest reinforces BASF’s commitment to innovation and co-creation, in celebration of their 150th Anniversary. The anniversary program is designed to propel global co-creation with scientists, customers, partners and employees focusing on energy, food and urban living.
What will the cities of the future look like? Where will energy that is needed come from? How can there be enough healthy food for everyone? Open Innovation is a proven approach to address challenges of this scale and BASF invites innovators the world over to be part of the solutions to shape our future.
ST Staff Writers
This post was prepared by Solar Thermal Magazine staff.