The Global Cooling Prize is an innovation competition to develop a climate-friendly residential cooling solution that can provide access to cooling to people around the world without warming the planet. Stated another way, by harnessing the power of innovation, we can provide cooling solutions that enhance people’s lives without contributing to runaway climate change.
How? This groundbreaking competition is designed to incentivize development of a residential cooling solution that will have at least five times (5X) less climate impact than standard Residential/ Room Air Conditioners (RAC) units in the market today. This technology could prevent up to 100 gigatons (GT) of CO2-equivalent emissions by 2050, and put the world on a pathway to mitigate up to 0.5 ˚C of global warming by 2100, all while enhancing living standards for people in developing countries around the globe.
In November 2019, the eight finalists were announced. To learn more about the Finalist teams and their technologies, see here (scroll down to “Meet the finalists”). From the HPT Annex 53 point of view, especially of interest is that among the finalists is one contribution from Gree Electric Appliances Inc. of Zhuhai and Tsinghua University . Tsinghua University is a participant in Annex 53.
As reported in the September Newsletter, the eight finalists’ field and lab testing are about to start.
“It gives me immense satisfaction to say that we have received some absolutely revolutionary cooling ideas,’’ said Sir Richard Branson, Founder and CEO of the Virgin Group and global Ambassador for the Prize. “What makes this competition especially exciting, is the market transformation opportunity. It could be one of the biggest technology-based steps we can take to arrest climate change.”
The Global Cooling Prize was launched in November 2018 with the aim of spurring the development of a radically more efficient, climate-friendly residential cooling solution. It was launched by a global coalition led by the Department of Science and Technology, Government of India; Rocky Mountain Institute (RMI) — a leading global research institute; and Mission Innovation — a global initiative of 24 countries and the European Union to accelerate global clean energy innovation —The initiative is also supported by Conservation X Labs, Alliance for an Energy Efficient Economy (AEEE), and CEPT University, and a coalition of over 20 leading international non-profit organizations who have congratulated the Finalist teams through a special video .
The winner of the Global Cooling Prize will be announced in November of 2020 and awarded more than US$1 million in prize money.
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