International Business and Technology Service Corporation (IBT) in collaboration with University of Nebraska Wins Inaugural Electricity Industry Technology and Practices Innovation Challenge Award from U.S. Department of Energy

Breaking News, Aug. 21, 2019

North Oaks, Minnesota – Today, Assistant Secretary for the Office of Electricity (OE), Bruce J. Walker, announced International Business and Technology Service Corporation (IBT) as a Tier II Gold winner of the U.S. Department of Energy’s (DOE) first “Electricity Industry Technology and Practices Innovation Challenge” (EITPIC), designed to tap into American ingenuity for ideas on how to make the nation’s electric grid stronger and more resilient.

Through the challenge, DOE sought ideas from industry, academia, and other innovators for concepts that include technologies or solutions that can address existing or emerging vulnerabilities and threats to the electric sector or mitigate interdependencies between the electricity sector and other sectors.

After an extensive review, DOE awarded more than $300,000 to seven winning submissions in two tiers, with $25,000 awarded to IBT for Remote Sensing Technology for Situational Awareness of the Grid.

“We are excited to both demonstrate our remote sensing technology for the grid and have the opportunity to contribute to the larger grid modernization effort,” said Dr. Kaizhong Gao, General Manager and Chief Scientist at IBT. “This technology was developed in close collaboration with Professor Sy-Hwang Liou’s team at the University of Nebraska, Lincoln, with much of the foundational work previously sponsored by DOE. Our goal is to further mature the technology and implement it to improve energy efficiency, grid stability, reliability and resiliency.”

Proposed technologies and solutions were reviewed on criterion including technical merit and viability, potential to mature and implement, innovation and transformation, and potential magnitude of impact.

The official announcement from DOE can be seen from here.

About IBT International Business and Technology Service Corporation (IBT) develops materials, sensors, design and device technology solutions to improve energy efficiency, reduce costs and solve the challenges facing various industries, including renewable energy, building technology, electronics and electrical machines, data storage and medical devices.