the XPRIZE Foundation announced today the four -year winners, 100 million US dollars Xprize competition in carbon removal. The competition is one of the dozens hosted by the Foundation in its effort for 20 years to encourage technological development. Contestants In the XPrize carbon removal I had to show the roads To withdraw Carbon dioxide From the atmosphere or oceans and isolated them sustainable.
Matti carbonHouston -based emerging company isolation A technology called improved rocky wandering won the grand prize of $ 50 million. The crushed basalt company is spreading on the farms of small holders in India and Africa. Silica -rich volcanic rock improves soil quality CropsBut it also helps to remove carbon dioxide (CO2) From the air. He does this by interacting with a dissolved Co2 In soil water, he turned it into bicarbonate ions and prevents them from returning to the air (see the sidebar for more details).
More than a dozen The world’s organizations are developing improved rock curricula on an industrial scale, but the MATI technology and software verification platform caught the attention of XPrize judges. “On the one hand, they are moving the rocks in the trucks – this is not very technician. But when we looked at the cover … what we saw was very impressive Collection Practice, “he says Michael LeachXPrize Technical Competition offers.
Carbon removal that relies on Mati Carbon data
Matti monitors the soil of each farm before and after the basalt treatment to check the amount of carbon stored. This verification process includes bringing a conjunction in an extrapolation plasma block Rip To the farms to analyze the formation of soil and help determine the success of the basalt. The company also tracks other scales for soil chemistry, and its implementation Geotaging To determine the exact location of all measurements, it uses programs to track Carbon fingerprint Basalt transfer and its sources.
All this should be repeated to thousands of small farms. He says the quantity and density of the samples we do today are intense – it’s really ridiculous. ” Shantano AgharwalCEO and founder of Matti Carbon. “For every field, we collect hundreds of data points.”
The company organizes data using the royal institutions planning software software that MATIC calls. The company also uses Automated learning And artificial intelligence analysis programs to Hashish Outside manual errors, follow field conditions, and remove the model carbon. Agarawal says the goal is to develop a prediction tool that allows the company to reduce the amount of physical samples to be done.
Mati Carbon started spreading basalt on the rice field in India, and it has now expanded to Zambia and Tanzania. Matti carbon
Solid monitoring and verification are two decisive things for carbon removal companies because their revenues are largely dependent on the sale of carbon assets. The only way to build a vital carbon credit market is for companies to prove that they already remove the amount of carbon they say.
Mati will use 50 million dollars to expand more small biased farmers worldwide. Farmers do not pay anything for the spread of basalt on their crops; Agarawal says that all Matti’s revenues come from carbon balances.
In addition to the prize funds for Mati Carbon, XPRIZE Grant three contestants. It is based in Paris NetZero He received 15 million dollars to extract carbon from agricultural waste and convert it into vital charcoal using Perfume degeneration. Houston headquarters Deep 8 million dollars won the insulation of organic waste full of carbon. London -based Carbon retreat He received 5 million dollars for its strengthened rocky approach. XPrize has given additional money for an early prize for the competition for prominent landmarks and student teams. Musk funded the competition.
Obviously absent from the winning list of companies that develop direct air capture (DAC) and Remove the surrounding carbon Systems. The competition rules stipulated this to win, the contestants must remove and store at least 1,000 tons of carbon for a year. Nothing from Dac or Remove the surrounding carbon The contestants met with that threshold, says Lech from XPrize.
For example, CAPTURA runs the start of Ocean Carbon Captura is a pilot factory in the Los Angeles port that was stripped of 100 tons of CO2 Outside the Pacific Ocean every year. But the new company facility, which has an area of 1000 tons in Hawaii Not Start operating Until this year, when the competition was concluded. “This is a good example of a truly pushing the envelope team to technology,” says Lech. “It is just a painful fact that for the first heavy solutions in the field of technology, there are more barriers that prevent publication in the short term,” he says.
In the field of air capture, there are Dac facilities that can remove more than 1,000 tons of carbon from the air per year. For example, CLIMEWORKS Last year, it was operated DAC 36,000 Tuna Attachment in Iceland. And carbon engineering is built a DAC Factory 500,000 Tuna in Texas Through partnership with 1pointfive. But none of the companies participated in the competition.
The DAC team, which entered the competition and came to the closest to the threshold of 1000 tons Hajar ProjectAnd it is the permissible CO insulation2 In the rocks of the Purdite in the United Arab Emirates. Hajar Project He won the Milide Award From the competition in 2022, the other “XFactor” prize of one million dollars today. XPrize also awarded the Honorary XFACTOR prize worth a million dollars to start the surrounding carbon Planetary techniques.
Since these techniques are directed towards arbitrary competition thresholds, the only way to make them more than 1000 gigatonnes From an excess company2 It extends in the Earth’s atmosphere and fast. “A thousand tons are a very important task from the project’s publication perspective, but … from the climate perspective, it does not really move the needle,” says Leitch.
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