Registration is open. The grand challenge has been put forth – how can we reduce carbon dioxide emissions from power plants by converting it into something valuable? The $20M NRG COSIA Carbon XPRIZE will challenge the world to reimagine what we can do with CO2 emissions by incentivizing and accelerating the development of technologies that convert CO2 into valuable products. These technologies have the potential to transform how the world approaches CO2 mitigation, and reduce the cost of managing CO2.
Competition Overview
The competition is a 54-month competition launching September 29, 2015 and will have two tracks – one focused on testing technologies at a coal power plant and one focused on testing technologies at a natural gas power plant. Each track will operate as a separate competition on the same timeline.
Teams will compete in three rounds for a total prize purse of $20 million.
Impact
The Carbon XPRIZE seeks to inspire the brightest minds around the world to tackle a significant challenge and help solve climate change. The prize will incentivize development of new and emerging CO2 conversion technologies, accelerating them from laboratory testing to demonstration under real world conditions. The prize will help identify the most promising pathways for CO2 conversion and prove they can be deployed at power plants and other industrial facilities.
Ultimately, the impact of the prize will go far beyond the critical demonstration of innovative technologies, by inspiring transformation, enabling new markets, and empowering people to be a part of the solution to one of our world’s grandest challenges.
The XPRIZE Foundation is a non-profit organization that designs and manages public competitions intended to encourage technological development that could benefit mankind. Its Board of Trustees include Elon Musk, James Cameron, Larry Page, Arianna Huffington, Ratan Tata among others. The XPRIZE mission is to bring about “radical breakthroughs for the benefit of humanity” through incentivized competition. It fosters high-profile competitions that motivate individuals, companies and organizations across all disciplines to develop innovative ideas and technologies that help solve the grand challenges that restrict humanity’s progress.
Be the first to comment