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435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 5. i. What will the demonstration accomplish? ii. Where will it be located? iii. Why do you believe this concept is a strong contender for the XPRIZE Carbon Removal? Project Drawings & Supporting Files 6. 7. 8. Literature to Support Approach Submissions should point to relevant academic literature to support the underlying premise of the proposal. a. Cite and summarize any key literature that supports the underlying premise of your proposed demonstration. b. If any experimental work has been conducted by the team to date, please describe it here. Project Plan including Timeline, Budget, and Key Milestones Describe the project timeline, milestone schedule, and budget for the duration of the project proposal a. Submit a brief narrative describing the major milestones. b. Submit a detailed project plan (gantt chart or similar), mapping the major milestones onto a timeline. Project Budget A full project budget must be included, showing how the XPRIZE funds will be used as well as any other funding requirements 9. Ability to Execute Provide the judges confidence that your team is capable of executing the project a. b. c. Submit a Process Flow Diagram and corresponding Stream Table, or other comparable diagrams, for the proposed XPRIZE Carbon Removal demonstration. Submit any additional engineering drawings, schematics, or renderings of your project design (for both Phase 1 and Phase 2 of the competition as needed), demonstrating how the process will remove CO2 from the air or ocean and sequester it durably. Include any additional charts, diagrams, graphs, spreadsheets, etc. to support the proposal. a. b. c. d. What funds are you requesting from XPRIZE? (maximum US$250,000) Submit a budget narrative describing the major costs associated with the project, justification of the requested amount and describe how the XPRIZE funds would be used. If additional funding beyond the XPRIZE award will be required (or if resources have been secured already), describe them here, along with your fundraising strategy. Submit a detailed budget spreadsheet which breaks the proposed project into subsections and phases (as needed), and shows the resources required for each. DRAFT FOR PUBLIC REVIEW & COMMENT Version 1.0, April 22, 2021. Copyright XPRIZE Foundation 23PDF Image | XPCR Draft
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