The IEE and its employees have been awarded numerous prizes for their research work, projects, dissertations and master's theses. These include the research award for simulation and modeling from the state of Styria and the Congress Award from the city of Graz, as well as many other prizes.

The IEE was awarded the research prize for simulation and modeling from the state of Styria for the development of the "ATLANTIS" simulation model in the "Economic Applications" category. Furthermore, the symposium Energy Innovation, organized by the IEE, received the Congress Award from the City of Graz.