May 11, 2011 – BUSINESS WIRE — CoolChip Technologies won the MIT Clean Energy Prize for their technology that reduces data center cooling needs.

CoolChip helps data centers reduce cooling costs using patented technology to eliminate the thermal barrier that currently stifles the performance of a computer’s central processing unit (CPU). Comprised of a team of engineers and business professionals with extensive experience in information technology and thermo-mechanical engineering, CoolChip is dedicated to delivering the next generation of ultra-high efficiency air-based CPU coolers.

Other work on data center thermal management include hot-water cooling (IBM Zurich) and source-located thermal management (Nextreme Thermal Solutions).

CoolChip was selected from 80 teams from over 40 universities by prominent judges.

The MIT Clean Energy Prize is a national competition founded in 2008 by MIT, the U.S. Department of Energy and NSTAR to accelerate the pace of clean energy entrepreneurship and boost the clean energy economy.

Now in its fourth year, the MIT Clean Energy Prize is helping to jump-start the clean energy industry while creating jobs. In just three years it has helped form over two dozen companies that have already raised over $80 million in investment capital and research grants.

For additional information on the MIT Clean Energy Prize, please visit www.mitcep.org.

NSTAR is the largest Massachusetts-based, investor-owned electric and gas utility. For more information, visit www.nstar.com.

To learn more about Massachusetts Institute of Technology (MIT), visit www.mit.edu.

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