Congratulations to Steve Stoddard SB ’06, MIT LGO ’12, Mechanical Engineering, and his CoolChip Technologies teammates who were announced winners of the MIT Clean Energy Prize of $200,000 yesterday.

Read on for the full article from the MIT Clean Energy Prize website:

Congratulations to the CoolChip Technologies team on winning the $200,000 grand prize of the 2011 MIT Clean Energy Prize. CoolChip was selected from a field of 80 competitors from 47 different universities across the U.S in the strongest year yet for the Clean Energy Prize. The winner was announced by MIT President Susan Hockfield following remarks by NSTAR CEO Tom May. The other four finalist teams were Ubiquitous Energy, Made in the Commonwealth, PK Clean, and LinkCycle all of whom received $15,000 last Tuesday for winning their categories.

CoolChip Technologies is working to bring the next generation of energy efficient microprocessor cooling to consumers and data centers and breaking the “thermal barrier” that is limiting the development of higher powered electronics.  This technology has the potential to greatly reduce the energy used in data center cooling, currently one of their most significant expenses.  The team is the first from MIT to win the Clean Energy Prize and was formed out of the Fall 2010 Energy Ventures course taught by Bill Aulet. The team receives $200,000 in cash sponsored by NSTAR and the Department of Energy.