Canadian innovator CarbonCure Technologies has been named one of ten finalists in the global $20m NRG COSIA Carbon XPRIZE for its technology that profitably converts carbon dioxide (CO2) into stronger and greener concrete.
Today’s announcement builds upon the growing industry accolades for CarbonCure’s global impact, including its recognition as the top ranked CO2 utilisation solution by McKinsey Consulting and the Global CO2 Initiative, and its third consecutive listing among the Top 100 Global Cleantech companies by the Cleantech Group.
The Carbon XPRIZE challenges competitors to convert CO2 emissions into valuable products, with the purpose of identifying the most scalable technologies to unlock massive CO2 reductions and economic opportunities. CarbonCure has been named one of five finalists in the Wyoming Track, which will focus on demonstrating technologies at a coal power plant in Gillette, Wyoming. An additional five finalists will compete in the Alberta Track fordemonstration at a natural gas power plant in Calgary, Alberta.
The ten finalists each receive $500,000 and will move on to the third and final round of the competition, where each will demonstrate its technology over a two-year period. Canadaleads all nations with four teams in the final round. Three of the finalists hail from the United States, while the remaining teams represent India, China and the United Kingdom. One grand prize winner from each track will be announced in March 2020, and will receive $7.5m in prize money.
... to continue reading you must be subscribed
