FAA Selects X PRIZE Foundation for Grant to Spur Renewable Aviation Fuels and Technologies
U.S. Secretary of Transportation Mary E. Peters announced July 10, 2008, that the FAA has selected the X PRIZE Foundation to develop a strategy to create monetary incentives for developing renewable aviation fuels and technologies to stem the affect of pollutants from air travel. “The race to refuel American aviation is on and our hope is that the X PRIZE will jump-start investment and spur innovation,” said Secretary Peters. “It will be a competition that everyone wins, because a breakthrough in alternative jet fuels is a potential game-changer that could bring lower airline fuel costs, greater U.S. energy independence, and cleaner air.” READ MORE