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95 1. 96 97 98 2. 99 100 101 102 103 104 105 College & University Carbon Removal Demonstrations (up to US$3M) : Awards of up to US$250,000 for carbon removal demonstrations to compete for the $50M Grand Prize. Measurement, Reporting, and Verification Technologies (up to US$2M): Awards of up to US$100,000 for technology that may not directly remove CO2, but will enable carbon removal. Priority will be given to proposals in the following areas: a. b. Technologies and methods which improve the precision, accuracy, and time required for carbon measurement, especially in natural ecosystems. Methodologies and toolsets which improve the standards of assessment, reporting, and accounting for Life Cycle Analyses (LCA), Cost Modelling, and Techno-Economic Analyses (TEA) of carbon removal solutions. DRAFT FOR PUBLIC REVIEW & COMMENT 78 Prizes 79 Grand Prizes (US$80M Total) 80 After 4 years, judges will select the winners: 81 ● US$50 million paid to the single Grand Prize Winner 82 ● US$30 million to be distributed among up to 3 runners up 83 Milestone Prizes (US$15M Total) 84 After 1 year of competition the judges will review all submissions received by that time and 85 award up to 15 Milestone Prizes of US$1 million each. At the discretion of the judges, these 86 awards may be granted on a conditional basis, subject to the team’s demonstrated 87 commitment to continuing to develop and advance their solutions and to compete for the 88 Grand Prize. 89 Teams that do not receive or do not compete for US$1 million Milestone Prizes are still 90 eligible to compete for the Grand Prizes. 91 Student Awards (US$5M Total) 92 XPRIZE will award up to US$5M to student teams in the Fall of 2021. These awards may fund 93 participation in the XPRIZE Carbon Removal or the development of key supportive 94 technologies. The areas of focus for these awards are: 106 For additional information, please refer to the Student Award Guidelines. Version 1.0, April 22, 2021. Copyright XPRIZE Foundation 6PDF Image | XPCR Draft
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