$4 million in prizes for better power grid optimization!

Source: gocompetition.energy.gov

U.S. Secretary of Energy Rick Perry today announced the launch of the Department of Energy’s (DOE’s) first ever Grid Optimization (GO) Competition(link is external). The GO Competition, created by the Advanced Research Projects Agency-Energy (ARPA-E), is a series of challenges to develop software management solutions for a reliable, resilient and secure American electricity grid. Today marks the beginning of GO Challenge 1, offering up to $4 million in prizes to develop new algorithms to make routing power across the grid faster and more efficient.

The GO Competition will consist of multiple challenge rounds. The first will focus on the problem of security constrained optimal power flow (SCOPF). Competitors will develop software to route power in a reliable and cost-effective way to customers across a power grid. Competitors will test their algorithms on complex, realistic power system models, and participants will be scored on their performance relative to other competitors. Challenge winners will find an efficient, minimum-cost solution to the SCOPF problem.

More details on the competition…