July 1, 2005 — The California Clean Energy Fund (CalCEF), a $30 million public benefit investment fund created as part of the Pacific Gas and Electric bankruptcy settlement, has announced that it intends to award a $1 million grant to establish and maintain the world’s leading university center on energy efficiency.
The grant will be awarded to a Northern California university that aspires to international leadership in the development of energy efficiency technologies and the removal of barriers to their rapid commercialization.
By creating a university-based center for energy efficiency, CalCEF will bring together its diverse Board of Directors, partnerships with leading venture capital firms, and academic leaders from multiple disciplines to advance innovation and accelerate the commercialization of energy efficient products, services and practices, CalCEF says.
CalCEF will award the grant to a Northern California university that demonstrates the vision, resources and leadership to be the world’s leader in developing and bringing to market energy efficient technologies, including a multi-year plan for prioritizing results, launching and staffing the center, and further fund-raising. The grant will be awarded in two installments: $500,000 upon the creation of the center and $500,000 twelve months later upon achievement of agreed-upon milestones.
Requests for proposal must be received no later than December 15, 2005. For more information about the request for proposal process, please visit the CalCEF Web site.
