H-Prize passes U.S. House, 408-8

According to this GQ story, the H-Prize (HR 632, 110th Congress) passed the House today by a vote of 408 to 8.

Every two years, H-Prizes worth $1 million would be given in four categories: production, storage, distribution and utilization. One $4 million prize would be awarded for hydrogen vehicles. At the end of 10 years, a $10 million grand prize would be given for a “transformational advance in hydrogen energy technology.”

Lipinski’s measure would authorize $52 million total for the competition, including $2 million in administrative costs, from fiscal 2008 through 2017. The Energy Department would be directed to contract with a nonprofit entity to administer the contest and set criteria for the prizes.

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