OCE and Carbon XPRIZE partner to support cleantech innovation
Ontario is taking a major step in the fight against climate change by making up to $2.5 million available to Ontario-based teams competing in the NRG COSIA Carbon XPRIZE, a global challenge to address climate change by incentivizing innovators to convert carbon dioxide (CO2) emissions from power plants and industrial facilities into valuable everyday products.
As part of Ontario Centres of Excellence’s (OCE’s) $74 million TargetGHG cleantech innovation initiative, funding will be made available to Ontario teams for the development and demonstration of their concepts through the three stages of the Carbon XPRIZE competition which began in September 2015 and ends in March 2020. This initiative is a partnership between OCE and Carbon XPRIZE.
To qualify, teams must be registered by July 15.
Eligibility for Ontario support:
- Ontario-based teams that are registered in the XPRIZE and are successful in proceeding to the next stages of the competition may be eligible for the $2.5-million program on a competitive basis
- Since program details for Ontario support are pending, OCE is not accepting applications at this time
- Once program details are released, Ontario-based teams can apply directly to OCE
The exact amount of OCE funding per team will depend on how many Ontario teams advance and how far they get in the competition. The OCE funding also requires matching contributions secured by teams themselves.
The NRG COSIA Carbon XPRIZE will incentivize development of new and emerging CO2 conversion technologies, accelerating these breakthroughs from laboratory testing to demonstration under real-world conditions. The prize will help identify the most promising pathways for CO2 conversion and prove the technologies can be deployed at power plants and other industrial facilities. There are two tracks to the competition: one focused on testing technologies at a coal power plant and one focused on testing technologies at a natural gas power plant. One winner from each track will receive a top prize of $7.5 million (USD).
Teams will be subject to XPRIZE competition guidelines, including meeting minimum requirements, and will be scored on how much CO2 they convert, and the net value of their products.
Please see NRG COSIA Carbon XPRIZE for more information or to register.