The XPRIZE Carbon Removal is aimed at tackling the biggest threat facing humanity - fighting climate change and rebalancing Earth’s carbon cycle. This $100M competition is the largest incentive prize in history, an extraordinary milestone.
CLOSED
1 Dec 2023
The $100 million prize purse will be distributed as follows:
After 1 year of competition the judges will review all submissions received by that time and award up to 15 Milestone Prizes of $1 million each.
After 4 years, judges will select the winners:
$50 million paid to the single Grand Prize Winner
$30 million to be distributed among up to 3 runners up
XPRIZE will also award up to $5 million to student teams in the Fall of 2021. These awards may fund participation in the XPRIZE Carbon Removal or the development of key supportive technologies.
PHASE ONE: PROOF OF CONCEPT (YEAR 1, 2021-2022)
April 22 - May 13, 2021: Prize Guideline Public Comment Period
June 21, 2021: Final Guideline Publication
October 1, 2021: Student Award Submission Deadline
October 2021: Student Award Judging
November 2021: $5M Student Awards Announced
December 1, 2021: Milestone Registration Deadline
February 1, 2022: Milestone Submission Deadline
February - March 2022: Milestone Judging
April 22, 2022: $15M Milestone Prizes Announced
PHASE TWO: FULL DEMONSTRATION (YEARS 2-4, 2022-2025)
April 2022 - February 2024: Ongoing Team Solution Development
December 1, 2023: Grand Prize Registration Deadline
February 1, 2024: Finalist Site Visit Application Deadline
February - March 2024: Finalist Judging and Selection
April 22, 2024: Announce Finalists
May 2025 - January 2025: Finalist Measurement & Verification Site Visits
February 1, 2025: Final Team Submission Deadline
February - March 2025: Final Judging
April 22, 2025: $80M Grand Prizes Announced
Credit: XPRIZE Carbon Removal
Date Added: 27 Apr 2021
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