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Carbon Removal Xprize

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XPRIZE Carbon Removal By John Benson April, 2021 1. Introduction First I must say I personally have no interest in competing in the title contest. I’m perfectly happy in my present occupation. However, I do feel like this is a very worthy endeavor. From the source here.1 XPRIZE officially launched the $100 Million XPRIZE Carbon Removal competition. In honor of the launch, XPRIZE founder Peter H. Diamandis sat down with Elon Musk, who is funding the competition through the Musk Foundation. In February, the Tesla CEO announced he was teaming up with XPRIZE to manage the $100 million carbon capture prize he was donating to encourage innovators to develop CO2 removal solutions. Elon Musk’s recent interview with XPRIZE’s Diamandis marked the opening of registrations for the competition. Musk advised competitors to go for pragmatic solutions. “It doesn’t need to be perfect. You know, it’s got to be something that [it] just...fundamentally if we scale it up, would it work. And that’s it.” I would ask my readers, and fellow Energy Central contributors to forward this post to anyone that they believe might be interested in this competition. Also, I have written frequently on this subject, and will reference my most recent and important posts below. I am of like mind with Mr. Musk, there are many opportunities for negative (carbon) emissions without doing much development. 2. The Contest Musk and Diamandis talked about some competition guidelines and pointed out three key factors that judges will consider when deciding which teams win the prize. To be considered for the award, teams must present a solution that could capture a minimum of 1,000 tonnes of CO2 per year. Diamandis made it clear that XPRIZE judges will be looking at a team’s ability to actually capture carbon and not just their theoretical solution... Besides showcasing a working and viable carbon removal solution or product, teams must be able to calculate the fully considered costs of their ideas. Musk explained that teams should consider aspects of their solution. For example, they should consider factors like environmental impact or if the solution could be turned into a useful product that could generate revenue. However, one important factor teams must know is that their solutions or productions must capture CO2 with net negative emissions... 1 Maria Merano, Teslarati, “Elon Musk offers advice to $100M XPRIZE Carbon Removal competitors”, April 23, 2021, https://www.teslarati.com/elon-musk-advice-100m-xprize-carbon-removal 1

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