GE ecomaginationLittle by little, the U.S. is moving toward a more sustainable future, and GE and its partners want to help. The GE ecomagination Challenge: Powering the Grid is investing $200 million in innovative business models, technologies, and processes that will bring clean, usable energy to market via renewable energy, power grid efficiency, and eco homes/ecobuildings.

GE challenges students, inventors, technologists, and entrepreneurs to develop solutions for a better power grid that enables the nation to create, connect, and use energy efficiently. We’ve grown to love the power grid’s capability to reduce electricity usage and lower power bills – a 10 percent savings per household translates to a collective $36 billion annually!

GE and its partners are committing the resources find and develop the next-generation power grid and encourage forward-thinkers to focus on renewable energy, grid efficiency, and eco homes/ and eco buildings that appeal to mainstream tastes.

Do you have a creative and marketable solution for improving grid technology? Have you been looking for a way to bring your ideas to life? The $200 million campaign offers you and others the possibility of having your ideas funded with cash grants, GE research center fellowships, cooperative product development agreements, and/or equity investments. The GE ecomagination Challenge: Powering the Grid includes a social community that tracks online votes, highlights contest entries, and offers fascinating facts about renewable resources and grid technologies.

Visit GE ecomagination Challenge: Powering the Grid to enter by September 30, 2010, or download the iPhone app for free.