Tuesday, September 29, 2015
New $20M XPRIZE Targets Climate Change, CO2 From Fossil Fuels
XPRIZE, the organization led by Peter Diamandis which runs prize competitions to spur technology advances to solve major, human issues, is taking aim at a big issue with its newest XPRIZE: CO2 emissions from fossil fuels. According to XPRIZE, the new competition Carbon XPRIZE competition will run for four and a half years, and is sponsored by NRG and COSIA. The new challenge is aimed at spurring "breakthrough technologies" which convert the most CO2 into one or more products of the "highest net value". The XPRIZE group said the technologies will be tested at either a coal power plant or natural gas facility. Diamandis, in a statement from XPRIZE, said that although we live in an age of "unprecedented technological progress and prosperity", that is due to energy mostly from burning fossil fuels, a leading contributor to climate change.