Ozark Integrated Circuits has earned the American-Made Geothermal Manufacturing Prize, the second time the Fayetteville-based company has done so.
The U.S. Department of Energy (DOE) announced that Ozark IC won the second stage of the Geothermal Manufacturing Prize, which aims to increase innovation to address challenges in harsh geothermal conditions.
As one of 10 winners in this round of the competition, Ozark IC will share a $1 million prize and receive $75,000 in vouchers to use at DOE National Labs.
Ozark IC was one of the winners of the first round of the Geothermal Manufacturing Prize competition, which consists of four progressive stages. In the second round, companies were expected to assemble a team and make progress on a prototype design.
The third round will have five winners, who will progress to the last round, which will have one or two winners.