Axial Vector Energy Corp. announced that its application for consideration for the prestigious Zayed Future Energy Award has been accepted by the Zayed Future Energy Committee. Those awarded will be formally saluted during a formal award ceremony under the patronage of His Highness, General Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the United Arab Emirates.
The Zayed Future Energy Prize was introduced as a way to inspire the next generation of global energy innovators. During the formal award ceremony, the winner of the first annual prize will be awarded $1.5 million dollars. The finalist will be chosen by experts around the world, while the winners will be chosen by a jury chaired by Dr.R.K. Pachauri, Chairman of the Intergovernmental Panel on Climate Change and winner of the 2007 Nobel Peace Prize.
Ahmed Khalifa, Chairman of Axial Vector Energy Corp, stated, “Acceptance through the first stage of the award process has been a considerable validation for the technologies that Axial Vector has worked to produce. We are pleased that the committee will evaluate all of AVEC’s patent-pending ‘axial flux’ engine and generator set (GENSET) technologies in detail. AVEC is able to produce highly efficient, cost-effective, and environmentally sensitive multi-fuel engines and motors that are scalable and adaptable for both mobile and fixed-location settings and we believe this to be of great importance to the future of energy efficiency.”
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