I don't think this has anything to do with E85.
If it did, he wouldn't even enter the competition, because he has no case for winning. GM's doing E85 SUVs already.......but that's not letting them sells tons of them like they used to. He may be using E85 as the fuel, but I don't think that's the meat of his invention.
It could have something to do with the strokes of the engine. I read about a 6-stroke engine, that increase fuel economy by 40%, and upped power, efficenecy, etc. he could be compounding on this idea.
Either way, I think it's admirable that he wants this tech to help the US auto industry.

I hope he wins, and his idea is applicable to the market NOW.
When does this competition end?