The first rider to lap the Isle of Man's TT Course at more than 100mph on an electric motorcycle will win their team £10,000.
In 2011 Michael Rutter took the chequered flag for the California-based Segway Racing MotoCzysz team but fell tantalisingly short of the 100mph lap.
Rutter won the one-lap 'TT Zero' at an average speed of 99.60mph.
The zero-emission race will take its place in the Isle of Man TT programme for a fourth consecutive year in 2012.
The race around the island's Mountain Course is open to clean emission motorcycles from all over the world.
So far 20 teams from eight countries have taken up the challenge.
This year teams will attempt to break the 100mph mark on 6 June, ahead of the Superstock and Sidecar races.
Entries for this year's challenge opened on 9 January and for the first year team's can register using a new online and fully automated race management system on the Isle of Man TT website.