X prizes are the prizes given for an outstanding leap in sciences or technology.2004
xprize was for a private manned rocket flight into space.That flight is helping to make possibility of commercial space travel by Virgin space tourism thinkable.It will be venture to send tourists at 200,000 dollars a person into space.
Now x-lab@MIt is suggesting several of them.Deshpande center for technology innovation at mit is one of the prime developers of the technology advances.
1.The first prize is proposed for cross continental all electric powered flight with two stops in 24 hours.
2. prize for a small refrigerator size power storage unit to be installed in homes. This should eliminate the need of half of the power plants in America to take care of peak period power consumption in the process saving on resources.
3.Power storage capacity of 20 mega watt storage for six hours will make it possible for utilities to store power when surplus power is available like solar or hydro or wind from renewable resources.
4.A 5000 watt storage for ten hours will bring power to Billion people who do not have it now.
I WELCOME ANY SUGGESTIONS TO ADD ON TO THIS SUGGESTION BY MIT STUDENTS.