Meet the $15M Milestone Award Winners

and now let we comment this video / project by Elon Musk, but first let we share more details:

XPRIZE Carbon Removal is aimed at tackling the biggest threat facing humanity - fighting climate change and rebalancing Earth’s carbon cycle. Funded by Elon Musk and the Musk Foundation, this $100M competition is the largest incentive prize in history, an extraordinary milestone.‎

Team registration opened with the announcement of the full competition guidelines on Earth Day, April 22nd 2021. The competition will last for 4 years through Earth Day 2025.

To win the prize teams must demonstrate CO2 removal at the 1000 tonne per year scale, model costs at the million ton per year (megatonne) scale, and present a plan to sustainably reach gigatonne per year scale in future. In the first phase of the competition, teams must demonstrate the key component of their carbon removal solution, at a minimum.

The $100M prize purse will be distributed as follows:

After 1 year of competition the judges will review all submissions received by that time and award up to 15 Milestone Prizes of $1 million each.

After 4 years, judges will select the winners:

Bullet point
$50 million paid to the single Grand Prize Winner

Bullet point
$30 million to be distributed among up to 3 runners up

XPRIZE will also award up to US$5M to student teams in the Fall of 2021.