November 1st: Abstracts due
November 4th- November 8th: Crowd discuss of abstracts on Facebook
November 15th: Submit revised abstracts
November 18th: Announcement of project ideas
November 18th- March 6th: Work on your Round 2 project
March 6th: Submission deadline for Round 2 project
March 16th- March 24th: Crowd discuss on Facebook
March 25th: Winners announced!
$4,000 1st Prize
$2,500 2nd Prize
$500 Crowd vote
$500 Critic Award
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Potential energy storage has been around for a long time in various forms. At its simplest, potential energy storage means using energy to lift a weight, apply tension to something, or pressurize a gas with the intention of releasing energy at a later time to perform a task. Clock springs are one example. Compressed air is another.
Advanced Rail Energy Storage North America has set up a system that moves 230 tons of stone up a hill when the grid has more electricity than it's using. When there's a shortfall, the train is allowed to roll downhill, and the electric motor in it runs backwards, turning the motion into electricity, and feeding it back to the grid. It's simple, scalable, and environmentally friendly.