Marine Renewable Energy Horizon Prize

From the X PRIZE Foundation news ticker comes news of a £10m prize in renewable energy. The details of the prize aren't pinned down, but the following gives the basic outlines:

With the Horizon Prize to be worth double the X-series, the Scottish Government hopes to attract international entries and stimulate a breakthrough in harnessing energy from the waters around the country.

Energy Minister Jim Mather said: "The Scottish Government will award one of the biggest international innovation prizes in history. The Saltire Prize will be an annual prize fund of £2m, with a £10m Horizon Prize attracting the cream of the world's scientists to make Scotland a leading centre for renewable energy.