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.
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.
OTHER KEY DATES
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
Note that while some organisers may accept applications from all around the world, you may still be required to travel to the host country in order to take part in the later stages of a competition for instance, or you may be required to live there for a period of time to take part in a funded programme (e.g. scholarship, incubator, accelerator).