Business Wire

CA-XPRIZE

10.11.2021 13:02:13 CET | Business Wire | Press release

Share
XPRIZE and Musk Foundation Name 23 Winners in Five Million Dollar Carbon Removal Student Competition

XPRIZE , the global leader in designing and implementing innovative competition models to solve the world’s grandest challenges, today announced that 23 student-led teams have won the $5M Carbon Removal Student Competition . The award program, which is part of the $100 Million XPRIZE for Carbon Removal supported by the Musk Foundation , was launched, in part, to fund early stage concepts from the next generation of carbon removal innovators and to remove barriers to entry for those interested in the main competition.

Competing student teams had the opportunity to submit their concepts for an award in one of two tracks, Carbon Dioxide Removal Demonstrations or Measurement, Reporting, and Verification Technologies . Winning student teams are able to use funds to compete in subsequent rounds of XPRIZE Carbon Removal or to develop key supporting technologies which will enable carbon dioxide removal. Points of focus for the two award tracks were as follows:

  • Carbon Dioxide Removal Demonstrations: Awards of US$250,000 to student teams intending to compete for the XPRIZE Carbon Removal Milestone and Grand Prize awards across the various carbon removal pathways: Air, Land, Rocks, Oceans. Teams needed to convince the judges that their proposed carbon removal projects would make them competitive applicants in the overall competition. This was the main focus of the Student Awards; the majority of awards are in this category.
  • Measurement, Reporting, and Verification Technologies : Awards of US$100,000 for the development of technologies that may not directly remove CO2 , but will enable carbon removal. Technologies or methodologies for improving the standards of assessment, or the precision, accuracy, and time required for carbon measurements were considered.

Representing ten countries and 31 international educational institutions, the winners of the Carbon Removal Student Competition, included:

Student Carbon Removal Demonstrations:

  • Answer of Biochar (AOB) from Northeastern University, China (China)
  • E-quester from the University of Toronto (Canada)
  • BioCORE from the University of Munich (Germany)
  • Biosorra from IESE Business School and the Fuqua School of Business (Spain & United States)
  • Bison Underground affiliated with the University of Oklahoma (United States)
  • Blue Symbiosis from the University of Tasmania IMAS AMC (Australia)
  • C2 (C-Squared) from Virginia Tech and the Max Planck Institute for Biogeochemistry (Germany & United States)
  • Carbon Down Under from Southern Illinois University, Carbondale (United States)
  • CyanoCapture from the University of Oxford (United Kingdom)
  • Holocene Climate from Stanford University (United States)
  • KFC from Hohai University , Tianjin University , Shanghai Ocean University , and Chinese Academy of Fishery Sciences (China)
  • Mississippi State Energy Club - BECReative Energy from Mississippi State University (United States)
  • Monash Carbon Capture and Conversion (BioTech) from Monash University (Australia & Malaysia)
  • SASIITB from Indian Institute of Technology, Bombay (India)
  • Skyrenu Technologies from Université De Sherbrooke and Inrs-Eau Terre Environnement Research Centre (Canada)
  • Sydney Sustainable Carbon from the University of Sydney (Australia)
  • Takachar (Safi Organics) from the University of British Columbia , Northeastern University and IISC Bangalore (Canada, India, Kenya & United States)
  • UW-Madison Civil and Environmental Engineering from the University of Wisconsin, Madison (United States)

Measurement, Reporting, and Verification Technologies:

  • ACIDD Project from the University of Miami (United States)
  • BJU Global Challenges from Bob Jones University (United States)
  • Environmental Sensing from the University of Wyoming (United States)
  • PlantVillage from Pennsylvania State University (United States)
  • Working Trees from Stanford University (United States)

In order to be eligible for the Carbon Removal Student Competition , student teams needed at least 50% of their members to be currently enrolled in an educational institution with the support of an academic advisor or business leader able to act as a formal mentor. All submissions were reviewed by a panel of expert third-party judges who considered the innovation, ability to reach gigaton scale, team resources and capabilities as well as project plan feasibility in their selection process.

“We want to make a truly meaningful impact. Carbon negativity, not neutrality. The ultimate goal is scalable carbon extraction technologies that are measured based on the ‘fully considered cost per ton’ which includes the environmental impact. This is not a theoretical competition; we want teams that will build real systems that can make a measurable impact and scale to a gigaton level. Whatever it takes. Time is of the essence,” said Elon Musk, Founder and CEO of Tesla and SpaceX , in a previous statement.

Launched in April, XPRIZE Carbon Removal is a US$100M four-year global competition that invites innovators and teams from anywhere on the planet to create and demonstrate solutions that can pull carbon dioxide directly from the atmosphere or oceans. To win the grand prize, teams must demonstrate a working solution at a scale of at least 1000 tonnes removed per year; model their costs at a scale of 1 million tonnes per year; and show a pathway to achieving a scale of gigatonnes per year in future, as validated by a third party.

“Today’s college and graduate students have proclaimed that solving the climate crisis is one of the most important objectives of their generation. It’s for this reason that this student competition is so critical. Our mission is to engage, inspire and guide the next generation of climate entrepreneurs,” said Peter H. Diamandis, Founder and Executive Chairman of XPRIZE .

Any carbon negative solution is eligible: nature-based, direct air capture, oceans, mineralization, or anything else that achieves net negative emissions, sequesters CO2 durably, and shows a sustainable path to ultimately achieving gigatonne scale.

“The climate crisis is an existential threat that demands both immediate action, and a long-term commitment to bringing Earth’s carbon cycle back into balance for future generations,” said Dr. Marcius Extavour, Vice President of Climate and Environment at XPRIZE . “We’ve already begun to feel the impacts of the climate crisis in our day-to-day lives, and the data shows us that we need both immediate action on emissions reductions, and sustained innovation to develop additional tools like carbon removal. That’s why this prize is so important. It’s about mobilizing and facilitating the development of scalable solutions that can make a real difference in stabilizing the climate over the coming decades.”

For more information on XPRIZE Carbon Removal , to view the prize guidelines or to register, please visit xprize.org/carbonremoval .

About XPRIZE

XPRIZE is a global future-positive movement of over 1M people and rising, delivering truly radical breakthroughs for the benefit of humanity. XPRIZE inspires and empowers a global community of problem-solvers to positively impact our world by crowdsourcing solutions through large-scale competitions, tackling the world’s grandest challenges in exploration, environment and human equity. Active competitions include the $100 Million XPRIZE Carbon Removal with Elon Musk, $15 Million XPRIZE Feed the Next Billion, $10 Million XPRIZE Rainforest, $10 Million ANA Avatar XPRIZE, $5 Million XPRIZE Rapid Reskilling and $1 Million Digital Learning Challenge. Donate, sign up or join a team at xprize.org.

About The Musk Foundation

The Musk Foundation creates grants made in support of: renewable energy research and advocacy; human space exploration research and advocacy; pediatric research; science and engineering education; and development of safe artificial intelligence to benefit humanity.

Link:

ClickThru

About Business Wire

Business Wire
Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco

http://businesswire.com

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Chiesi Group to Acquire KalVista Pharmaceuticals, Expanding its Global Rare Disease Portfolio29.4.2026 13:42:00 CEST | Press release

Highlights: Chiesi agreed to acquire KalVista Pharmaceuticals for $27.00 per share in cash, representing an equity consideration of approximately $1.9bnAcquisition adds to Chiesi’s rare immunology portfolio the first oral, on-demand therapy for hereditary angioedema, strengthening Chiesi’s long-term commitment to people living with rare conditionsTransaction expected to close in Q3 2026 Chiesi Group (“Chiesi”), an international research-focused biopharmaceutical group and certified B Corp, and KalVista Pharmaceuticals, Inc.(“KalVista”) (Nasdaq: KALV), today announced that the companies have entered into a definitive agreement under which Chiesi will acquire KalVista (the “Transaction”). The Transaction was unanimously approved by both Chiesi’s and KalVista’s Boards of Directors and is expected to close in Q3 2026, subject to the satisfaction of customary closing conditions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202604

Pacific Defense Awarded U.S. Marine Corps Contract for Next Generation Electronic Warfare Prototype29.4.2026 13:00:00 CEST | Press release

Award advances SOSA/CMOSS mission system ecosystem and informs future EW fielding decisions Pacific Defense has been awarded a 12-month rapid prototyping contract by the U.S. Marine Corps Systems Command (MARCORSYSCOM), Program Manager for Tactical Communications and Electronic Warfare (PM TCE) to support next-generation electronic warfare (EW) capability evaluation. The effort will assess Modular Open Systems Approach (MOSA) Electronic Warfare (EW) mission systems and their potential in modernizing USMC capabilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260429918712/en/ Pacific Defense's Next Generation Electronic Warfare System enables rapid integration of new hardware and software into a common chassis, accelerating capability insertion while reducing vendor lock and lifecycle costs. Under the contract, Pacific Defense will deliver SOSA/CMOSS-aligned mission systems to enable vehicle-based experimentation by U.S

Visa Accelerates Stablecoin Momentum: Adding Five Blockchains for Settlement29.4.2026 13:00:00 CEST | Press release

Stablecoin settlement pilot sees record growth 50% quarter over quarter, reaching $7B run rate. Today, Visa (NYSE: V) announced that it is adding five blockchains to its global stablecoin settlement pilot, expanding how issuers and acquirers can settle with the network. As stablecoins move into mainstream payment flows, Visa’s stablecoin settlement pilot now supports nine blockchains and has reached a $7 billion annualized stablecoin settlement run rate, up 50% since last quarter. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260429143049/en/ Visa is adding support for five additional blockchains, further expanding its multi-chain settlement capabilities. “Our partners are building in a multi-chain world, and they expect their options to reflect that reality,” said Rubail Birwadker, Global Head of Growth Products and Strategic Partnerships, Visa. “Expanding our stablecoin settlement pilot program to more blockchains means o

U.S. FDA Grants Priority Review to BeOne Medicines’ TEVIMBRA in First-Line HER2+ GEA29.4.2026 12:00:00 CEST | Press release

TEVIMBRA plus ZIIHERA and chemotherapy regimen delivered statistically significant median OS of 26.4 months, an unprecedented result in this challenging diseaseResults from the global Phase 3 HERIZON-GEA-01 study demonstrate potential to change clinical practice in advanced HER2+ gastroesophageal adenocarcinoma BeOne Medicines Ltd. (Nasdaq: ONC; HKEX: 06160; SSE: 688235), a global oncology company, today announced that the U.S. Food and Drug Administration (FDA) has granted Priority Review to a supplemental Biologics License Application (sBLA) for TEVIMBRA® (tislelizumab) in combination with ZIIHERA® (zanidatamab) and chemotherapy for the first-line treatment of unresectable locally advanced/metastatic HER2-positive (HER2) gastric, gastroesophageal junction, or esophageal adenocarcinoma. The FDA has also granted Breakthrough Therapy Designation to the regimen of ZIIHERA in combination with fluoropyrimidine- and platinum-containing chemotherapy, with and without TEVIMBRA, in this indica

European Commission (EC) Approves Henlius and Organon’s POHERDY® (pertuzumab), the First Approved Biosimilar to PERJETA (pertuzumab) in Europe29.4.2026 11:30:00 CEST | Press release

Shanghai Henlius Biotech, Inc. (2696.HK), and Organon (NYSE: OGN) today announced the European Commission (EC) has granted marketing authorization for POHERDY® (pertuzumab) 420 mg/14 mL injection for intravenous use, the first and only approved biosimilar to PERJETA (pertuzumab) in Europe, for all indications of the reference product.1 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260429686426/en/ “As the first, and currently the only, pertuzumab biosimilar in Europe, the EC’s approval of POHERDY marks an important milestone in expanding access to treatments for patients with certain HER2-positive breast cancers, particularly as breast cancer is the most commonly diagnosed cancer among women in the European Union,” said Joe Azzinaro, Vice President, Global Commercial Lead Biosimilars, at Organon.2,3 “Organon’s growing global portfolio of biosimilars reinforces our ongoing commitment to supporting the sustainability of healt

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye