The prize fund is 430 thousand dollars (equivalent to 390 thousand euros or 3,100,000 yuan).
According to the Association’s rules, self-nomination is forbidden. The application can be initiated by the scientists, researchers and representatives of academic organisations prepared to submit detailed explanations for nominating a candidate, as well as the list of their scientific papers and key merits.
Reception of applications will become the first stage of the nomination cycle. Nomination presentations will be judged by independent experts who will evaluate them in terms of a fixed set of criteria, including academic novelty and practical value. Fifteen best applications (five in each nomination category) that will score highest will be included into a short list, from which the International Committee headed by the Nobel Prize winner Rae Kwon Chung will select prize laureates.
“Increasing efficiency of fossil fuels, as well as lowering the costs of renewables and bringing never-before-used sources into service, continue to shape the global energy landscape. Therefore, the research and development of the Prize laureates, one way or another, play a significant role in the life of energy industry. I am confident that the new cycle of nominations will be no exception,” said Rae Kwon Chung, Chairman of the International Committee of the Global Energy Prize.
Prize laureates will be announced in July, 2024.
