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SUMMARY: As authorized in Section 654 of the Energy Independence and Security Act of 2007, DOE is announcing the Initial H-Prize Competition which will be a single award for $1 million in the subject area of advanced materials for hydrogen storage—a critical challenge to enable widespread commercialization of hydrogen and fuel cell technologies. Evaluation of entries will begin approximately 15 months after the date this announcement appears in the Federal Register (FR). A single prize of $1 million will be awarded, unless no entries are significant enough to merit an award. The essential elements of the H-Prize Competition are included in this announcement; further updates and answers to questions asked by participants will be available on a public Web site, http://hydrogenprize.org, and through future FR notices as required. We encourage prospective participants to visit the Web site, as it will be updated periodically.