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Teams will also need to prove that their solutions or products will contain the captured CO2 for at least 100 years. Their solution must also be scalable to a gigaton level. The team that wins first place will get $50 million of the $100 million prize from the Musk Foundation. Teams in second, third, and fourth place will split $30 million of the prize. Musk said the winners could use the prizes to start a company. After the first year of the 4-year competition, XPRIZE will be awarded up to 15 Milestone Prizes of $1 million each to competitors that made the most progress. Up to $5 million of the prize money will be dedicated to awards for student teams. Musk noted that he is willing to increase the prize if more teams deserve recognition. 3. Posts I am referencing three parts of New Networks below and other important posts therein. 3.1. New NETWORKS, Part 1: BECCS This post covers sources of biomass that have the potential contribute to carbon dioxide sequestration while fulfilling other human needs. https://energycentral.com/c/ec/new-networks-part-1-beccs Part 1 includes links to the following earlier posts: 3.1.1. Trees: This post explains the right way to do reforestation (replanting woodlands in areas that were previously cleared) and afforestation (planting woodlands in areas where there were no recent forests). This post also explores negative emissions technology using woody biomass. https://www.energycentral.com/c/ec/trees 3.1.2. NUTS This paper is about woody biomass, why, when and how we should use this for energy production. Oh yes, and it is also about everything nuts. https://www.energycentral.com/c/cp/nuts 3.2. New NETWORKS, Part 2: Mineralization This paper covers several potential methods using mineral incorporation (a.k.a. mineralization) to store and/or permanently sequester carbon dioxide (CO2), the main greenhouse gas (GHG). Section 2 is about a simple process that will combine two hazardous industrial wastes, alkaline mineral waste and CO2. This process creates a stable mineral that can be safely buried or perhaps used in long-lived structures. Others that are described in section 3 are similar methods already in use. https://energycentral.com/c/ec/new-networks-part-2-mineralization-ghg-capture This includes a link to the following earlier post: 3.2.1. Concrete Greenhouse This paper is about the cement and concrete industries, their energy use, GHG emissions, and how they might reduce the emissions in the future. https://www.energycentral.com/c/cp/concrete-greenhouse 2PDF Image | Carbon Removal Xprize
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