Elon Musk-funded XPRIZE carbon removal competition reveals its 15 “milestone round” winners

Fifteen early-stage “milestone round” winners from the $ 100 million Elon Musk-funded XPRIZE Carbon Removal competition were announced on Friday. Each of the winning teams will receive $ 1 million, which should give the teams a remarkable boost to scale their work.

The XPRIZE Carbon Removal competition was launched to encourage the development of innovative techniques that can help reduce atmospheric carbon dioxide. The $ 100 million carbon capture award, given by Elon Musk through the Musk Foundation, will be administered by XPRIZE, a nonprofit organization.

The global carbon removal competition was launched last year and is expected to last for four years. The winner of the main prize in the competition is expected to be announced in April 2025. It should be noted that the recently announced milestone winners are not necessarily favored to win the final prize of the competition. Interested groups can also join the competition until December 2023.

The winners of the $ 1[ads1] million “milestone round” proposed a number of new innovations that could help remove carbon from the air. Planetary Technologies of Dartmouth, Nova Scotia, for example, proposed the use of antacids produced from metal mining residues to make the ocean more capable of absorbing greenhouse gases.

Planetary Technologies CEO Mike Kelland expressed his gratitude for the team’s performance. “What we have said is that you have not given us a million dollars; what you have done is catalyzed investment in this technology, ‘he noted.

Calcite from 8 Rivers Capital of Durham, North Carolina aims to capture atmospheric carbon dioxide in calcium carbonate crystals, a process that is no different from how gas dissolved in the ocean helps with the formation of shells and limestone. California-based Global Algae, on the other hand, seeks to grow algae to help restore rainforests.

The winning team or teams in the XPRIZE Carbon Removal initiative must achieve a number of goals in order to win the final prize of the competition. First, they must demonstrate that their innovations are capable of removing 1,000 tons of carbon dioxide from the atmosphere annually. They also have to show a lot that it will cost to remove up to 1 million tons of carbon per year. Finally, they must point the way to the removal of billions of tonnes of carbon dioxide per year.

The following teams are the 15 winners of the “milestone round” of the XPRIZE Carbon Removal competition.

* Quotes with permission from ABC News.

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Elon Musk-funded XPRIZE carbon removal competition reveals its 15 “milestone round” winners

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