The NRG COSIA Carbon XPRIZE is challenging the world to reimagine what we can do with CO2 emissions by incentivizing the development of technologies that convert carbon from those emissions into valuable products. Now, the finalist teams competing in the $20 Million NRG Cosia Carbon XPRIZE have been announced.
The 10 finalists, each taking home an equal share of a $5 million milestone prize. Ranging from carbon capture entrepreneurs and start-ups to academic institutions and companies that have been tackling the challenge for more than a decade, the finalists hail from five countries and have already demonstrated conversion of CO2 into a wide variety of products, such as enhanced concrete, liquid fuels, plastics and carbon fiber.
XPRIZE addresses the world’s Grand Challenges by creating and managing large-scale, high-profile, incentivized prize competitions that stimulate investment in research and development worth far more than the prize itself.