Building a Better Future for CO2
The US$20 million NRG COSIA Carbon XPRIZE is a global initiative, operated by the XPRIZE Foundation, designed to accelerate new technologies by converting CO2 emissions from industrial facilities for electricity generation and oil and gas production into valuable and usable products.
The competition is structured as a two-track prize, with the new technologies tested at either a coal power plant or a natural gas power plant. A total of US$20M will be awarded to winning teams, with US$10M awarded for each track.
Team registration closed in July. With teams coming from seven countries, there are 47 official entries in the competition. You can read more about the teams announcement here. Semi-finalists in the competition will be announced in the middle of October 2016.
The NRG COSIA Carbon XPRIZE has two co-title sponsors: NRG and Canada’s Oil Sands Innovation Alliance.
NRG, America’s largest and most diverse competitive power company, creates value through reliable and efficient conventional generation, while driving innovation in renewable power, electric vehicle ecosystems, carbon capture technology and customer-centric energy solutions.
COSIA is an alliance of oil sands producers focused on accelerating the pace of improvement in environmental performance in Canada's oil sands through collaborative action and innovation. The COSIA sponsorship is funded by eight of the member companies: Canadian Natural Resources, Cenovus, Devon, Imperial Oil, Nexen Energy ULC, Shell, Suncor and is led by ConocoPhillips Canada.