Social Media Sidebar

Announcement

Please sign up, comment on articles and bring your friends!

Current poll

PlanetTech is asking:

What do you think about our new web site?

Love it, indeed
Really good solution
Same as old one
The old one was better
This is a new option

Quote of the day

We are all now connected by the Internet, like neurons in a giant brain.

 

Stephen Hawking

 

Carbon capture XPrize aims to reimagine the future of CO2 and climate change

RATE THIS! +47
Posted in Science on 28th Jul, 2016 09:46 PM by AlexMuller

47 entries from 7countries are set to take part in a competition aimed at finding new ways to convert carbon dioxide into valuable products. The NRG COSIA Carbon XPrize will award $20 million in prizes to the teams that develop the best breakthrough tech for "reimagining CO2."

 
XPrize runs competitions aimed at solving the world's biggest challenges, with the $30 million Google Lunar XPrize, the $15 million Global Learning XPrize and the $5 million IBM Watson Artificial Intelligence XPrize among those that are ongoing. The Carbon XPrize was launched in September last year and, since then, teams have been formed to take part.
 
With the technical and business viability assessment of entries now complete, the competing teams have been finalized and they are said to include leading carbon capture technology companies, top-tier academic institutions, non-profits, startups and even a father and son duo. There are teams from Canada, China, India, Finland, Switzerland, Scotland and the US.
 
The contest is being run on the premises that the levels of CO2 in the earth's atmosphere are no longer at reasonable levels, that emission levels are growing exponentially and that "we need every solution we can find, including not just continued incremental improvements, but radical new breakthroughs" to tackle the problem.
 
XPrize suggests that carbon could be used to make products like sustainable building materials, clothing and running shoes, automobiles and breakthrough medicines. The competition winners will be the teams that convert the most CO2 emissions into the highest value products, while making the business case for their approach and minimizing the use of other inputs that have environmental ramifications, such as energy, water and land.
 
The contest will run for four-and-a-half years and will include two tracks. One will focus on testing technologies at a coal power plant and the other at a natural gas power plant.
 
Up to 15 semi-finalist teams in each track are scheduled to be announced on October 15th, with those teams then required to demonstrate their technologies in a controlled environment. Up to five finalists in each stream will then be required to demonstrate their technologies on a larger scale and under real-world conditions. The winner in each stream is due to be announced in March 2020.
 
A $2.5 million reward will be shared equally among the finalists in each track and a $7.5 million reward given to the winner in each track.
 


Tags: carbonglobal warmingclimate changecarbon captureXPrize

Read original article » Back to category

Comments

Author: Guest
Posted: 2016-07-29
+0
Excellent goal! Reducing carbon emission has to be imposed and midi tired globally, however methods to capture carbon are also very important to active low levels and slow down global warming Reply
Author: Guest
Posted: 2016-07-29
+0
It will be great to see what will be presented by the finalists in 4,5 years and who will take the prices - indeed, we have to see how innovative and imaginative are new solutions Reply


 

Recent headlines

  • Posted in Business on 2017-06-25 14:44:38
    Microsoft wants to make Direct Reality VR’s answer to.....read more
    Posted in Medicine on 2017-06-25 14:31:51
    UK's first heart pump targets 2018 clinical trial..read more
    Posted in Software on 2017-06-24 14:42:11
    Google to make quantum computer faster than classical.....read more
    Posted in Business on 2017-06-24 14:31:46
    SpaceX successfully launches and lands a used rocket for.....read more
    Posted in Software on 2017-06-24 14:15:18
    Yale and Oxford researchers say 50% chance AI will.....read more
Posted in Business on 2013-10-10 01:33
China is working towards a manned lunar mission in about.....read more
Posted in Business on 2013-10-20 07:17
Spacex says China is their main competitor for commercial.....read more
Posted in Software on 2013-10-20 06:43
Pirate Bay Browser Clocks 1,000,000 Downloads..read more
Posted in Medicine on 2013-10-10 02:10
Google reportedly investing hundreds of millions into new.....read more
Posted in Medicine on 2013-10-14 03:13
Endothelial Cells Can Repair and Regenerate Organs,.....read more
Posted in Science on 01.01.2010
Spacex says China is their main competitor for commercial.....read more
Posted in Science on 01.01.2010
Staring at Your Phone Could Be Making You Short Sighted..read more
Posted in Science on 01.01.2010
Oculus Rift virtual reality headset coming to mobile, but.....read more
Posted in Science on 01.01.2010
China is working towards a manned lunar mission in about.....read more
Posted in Science on 01.01.2010
Delivering drugs via nanoparticles to target mitochondria..read more

Recent Blog Posts

  • Posted by AlexMuller
    Nanoparticle vaccine shows potential as immunotherapy to fight.....read more
    Posted by AlexMuller
    Obesity is top cause of preventable life-years lost, study shows..read more
    Posted by AlexMuller
    Light can be utilized to control gene function..read more
    Posted by AlexMuller
    Brain stimulation restores memory during lapses, research shows..read more
    Posted by AlexMuller
    Wax worm caterpillar will eat plastic shopping bags: New.....read more

Login to your Account

Login to your PlanetTech Account here

Username:
Password:
Remember me
or

Create a New Account

You just need username and password

The following errors occured:
Username:
Email:
Password:
Verify password:
Remember me