The Hydrogen Grand Challenge is a series of prize competitions organized by MI Hydrogen and sponsored by H2Power. The inaugural competition, Michigan Hydrogen Horizon, challenges University of Michigan students to craft a business case for the Michigan-centric, regional deployment of hydrogen. This competition encourages students to explore and showcase the value of clean hydrogen in specific sectors and technology applications.
Hydrogen, positioned as a pivotal energy carrier, is poised to revolutionize various domains, including heavy-duty transportation, aviation, heating, distributed power, and critical industrial sectors such as steelmaking, glassmaking, and semiconductor manufacturing.
The competition features 13 teams comprised of over 50 students from the Ross School of Business, Michigan Engineering, Taubman College, the College of Literature, Science, and the Arts, Ford School, the School of Information, and the School for Environment and Sustainability.
To refine their business case, each student group will collaborate with faculty and business leaders from U-M, H2Edge, Mitsubishi Power, Tenneco, Bosch, ERPI, Consumers Energy, Next Hydrogen, Argonne National Laboratory, Idaho National Laboratory, and more.
At the Final Pitch Competition, each team will present its business case to a panel of judges who will evaluate teams as entrepreneurs seeking start-up funds from early-stage investors and venture capital firms.
Teams are vying for a share of the $10,000 prize pool, with the first-place team receiving $5,000, the first runner-up awarded $3,000, and the second runner-up receiving $2,000. Beyond the monetary rewards, participating teams gain invaluable real-world experience in pitching a business plan and attracting capital for the commercialization of hydrogen technology or applications.
Hydrogen, positioned as a pivotal energy carrier, is poised to revolutionize various domains, including heavy-duty transportation, aviation, heating, distributed power, and critical industrial sectors such as steelmaking, glassmaking, and semiconductor manufacturing.
The competition features 13 teams comprised of over 50 students from the Ross School of Business, Michigan Engineering, Taubman College, the College of Literature, Science, and the Arts, Ford School, the School of Information, and the School for Environment and Sustainability.
To refine their business case, each student group will collaborate with faculty and business leaders from U-M, H2Edge, Mitsubishi Power, Tenneco, Bosch, ERPI, Consumers Energy, Next Hydrogen, Argonne National Laboratory, Idaho National Laboratory, and more.
At the Final Pitch Competition, each team will present its business case to a panel of judges who will evaluate teams as entrepreneurs seeking start-up funds from early-stage investors and venture capital firms.
Teams are vying for a share of the $10,000 prize pool, with the first-place team receiving $5,000, the first runner-up awarded $3,000, and the second runner-up receiving $2,000. Beyond the monetary rewards, participating teams gain invaluable real-world experience in pitching a business plan and attracting capital for the commercialization of hydrogen technology or applications.
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