XPRIZE just dropped details of Elon Musk's $100M prize. The details are gooooood, props to the XPRIZE team and Elon.
I wanted to quickly hit on 3 main points. I put this in a video as well.
1. Is this a big deal?
Yes, it is.
Yes, it's for carbon removal.
Yes, it's gigaton scale, aiming for 6 GT / year by 2030).
Yes, it's solution agnostic, R.I.P. "nature vs technology".
Yes, a lot of potential funders will be kicking themselves over not funding this one. Go Elon!
2. How do I get involved?
3. What's next?
XPRIZE says more details coming April 22nd, Earth Day. In 18 months, 15 finalists will be selected and given $1M to go to the next stage. At the same time, 25 student groups will win $200k each for their own solution prototypes.
Props to the whole XPRIZE team on this one. Onwards to gigaton scale carbon removal!
I write a weekly newsletter highlighting my journey, sharing everything you should know about opportunities in the new carbon economy.
Every week you’ll get insider information on what’s possible in the cutting edge of negative emissions through my personal journey creating an air mining company, and share lessons learned.
My newsletter is the best way to follow what I'm up to.