E.ON awards research prize to solar researchers

  • Around five million euros for five research teams from Europe and the USA
  • Awards to be presented on Energy Day (September 25) by Dr. Georg Schütte, State Secretary at the Federal Ministry of Education and Research, at Berlin’s "ewerk" near Potsdamer Platz
  • Around 60 million euros in all over several years for different energy research topics

Today E.ON will present one of the most generous awards for international energy research. The winners of the E.ON Research Award are five research teams from Europe and the USA who submitted project proposals on the topic of "Heat Storage for Concentrating Solar Power". E.ON now supports these projects with some five million euros over a number of years. The presentation by Dr. Georg Schütte, State Secretary at the Federal Ministry of Education and Research, and Prof. Klaus-Dieter Maubach, member of the E.ON Board of Management, will take place from 9 a.m. on in Berlin’s "ewerk".

CSP (Concentrating Solar Power) technology can be used to focus the sun’s rays so as to generate heat and – later on – electricity. CSP plants combined with heat stores can then produce climate-friendly electricity around the clock as and when needed, even when the sun is not shining. This is the type of concept pursued by the DESERTEC electricity-from-the-desert initiative in which E.ON is involved.

The E.ON Research Award is advertised all over the world and supports outstanding projects which develop future technologies in the field of energy. 2010 is the third year in which the award has been presented. Previous awards were presented for projects in "Application of Nanotechnology in the Energy Business" and "Energy Storage". E.ON spends a total of almost 60 million euros to fund the award-winning projects over a number of years. E.ON makes no claims to exclusive rights in the results of the research.

The award ceremony is taking place on "Energy Day", the climax of the 2010 Science Year, as part of a joint event organised by E.ON and the German Federal Ministry of Education and Research. Representatives from politics, science and industry will take part in a panel discussion on the issue of solar power.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group management and other information currently available to E.ON. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON AG does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.