NEWS

May 25, 2015

RICE BUSINESS PLAN COMPETITION

RICE BUSINESS PLAN COMPETITION

ARTICLE BY MELISSA C. LOTT On Saturday, a start-up called Hyliion was awarded the U.S. Department of Energy Clean Energy Entrepreneurship prize at the 15th annual Rice Business Plan Competition in Houston. This Pittsburgh-based and student-led company has developed a slide-in suspension system for tractor-trailers that could reduce fuel use in these trucks by 31%. With an anticipated price tag of just $25,000, this fuel savings is all the more impressive. So much so that the company took home a total of $162,500 in prizes on Saturday. In addition to the DOE prize, they were awarded $10k from Shell, $15k from Wells Fargo, $80k...

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