Ten Teams from Five Countries Advance to Finals of $20M NRG COSIA Carbon XPRIZE
XPRIZE, the world’s leader in designing and managing incentive competitions to solve humanity’s grand challenges, today announced the 10 teams advancing to the final round in the $20M NRG COSIA Carbon XPRIZE. This four-and-a-half-year global competition challenges teams to transform the way the world addresses carbon dioxide (CO2) emissions through breakthrough circular carbon technologies that convert carbon dioxide emissions from power plants into valuable products.
The 10 finalists, each taking home an equal share of a $5 million milestone prize, were revealed today at Bloomberg New Energy Finance’s Future of Energy Summit in New York City.
Ranging from carbon capture entrepreneurs and start-ups to academic institutions and companies that have been tackling the challenge for more than a decade, the finalists hail from five countries and have already demonstrated conversion of CO2 into a wide variety of products, such as enhanced concrete, liquid fuels, plastics and carbon fiber. The universe of potential CO2-based products crosses a variety of energy sectors, industrial processes and consumer products. Each finalist team passed a first round evaluation based on the amount of CO2 converted into products, as well as the economic value, market size and CO2 uptake potential of those products.
“These teams are showing us amazing examples of carbon conversion and literally reimagining carbon. The diversity of technologies on display is an inspiring vision of a new carbon economy,” said Dr. Marcius Extavour, XPRIZE senior director of Energy and Resources and prize lead. “We are trying to reduce CO2 emissions by converting them into useful materials, and do so in an economically sustainable way.”
The NRG COSIA Carbon XPRIZE finalists were chosen from a field of 27 semifinalists by an independent judging panel of eight international energy, sustainability and CO2 experts. The competition is divided into two parallel tracks with five teams competing in each:
The Wyoming Track includes five teams that will demonstrate conversion of CO2 emissions at a coal-fired power plant in Gillette, WY:
- Breathe (Bangalore, India) – Led by Dr. Sebastian Peter, the team is producing methanol, a common fuel and petrochemical feedstock, using a novel catalyst.
- C4X (Suzhou, China) – Led by Dr. Wayne Song and Dr. Yuehui Li, the team is producing chemicals and bio-composite foamed plastics.
- Carbon Capture Machine (Aberdeen, Scotland) – Led by Dr. Mohammed Imbabi, the team is producing solid carbonates with applications to building materials.
- CarbonCure (Dartmouth, Canada) – Led by Jennifer Wagner, the team is producing stronger, greener concrete.
- Carbon Upcycling UCLA (Los Angeles, CA, USA) – Led by Dr. Gaurav Sant, the team is producing building materials that absorb CO2 during the production process to replace concrete.
The Alberta Track includes five teams that will demonstrate conversion of CO2 emissions at a natural gas-fired power plant in Alberta, Canada:
- C2CNT (Ashburn, VA, USA) – Led by Dr. Stuart Licht, the team is producing carbon nanotubes.
- Carbicrete (Montreal, Canada) – Led by Dr. Mehrdad Mahoutian, the team is producing cement-free, carbon-negative concrete that uses waste from steel production as an alternative to traditional cement.
- Carbon Upcycling Technologies (Calgary, Canada) – Led by Apoorv Sinha, the team is producing enhanced graphitic nanoparticles and graphene derivatives with applications in polymers, concrete, epoxies, batteries and pharmaceuticals.
- CERT (Toronto, Canada) – Led by Dr. Alex Ip of the Sargent Group at the University of Toronto, the team is producing building blocks of industrial chemicals.
- Newlight (Huntington Beach, CA, USA) – Led by Mark Herrema, the team uses biological systems to produce bioplastics.
To win a place in the finals, the semifinalist teams had to demonstrate their technologies at pilot scale at a location of their choosing. Over the course of a 10-month period, semifinalist teams were challenged to meet minimum technical requirements and were first audited by independent verification partner Southern Research. Teams were then evaluated by the judges based on how much CO2 the team converted into products; the economic value, market size, and CO2 uptake potential of those products; the overall CO2 footprint of their process; as well as energy efficiency, materials use, land use, and water use.
In the finals, teams must demonstrate at a scale that is at least 10 times greater than the semifinals requirements at one of two purpose-built industrial test sites. Teams competing in the Wyoming track will test their technologies at the Wyoming Integrated Test Center (ITC), a cutting-edge carbon research facility in Gillette, WY, USA, co-located with the Dry Fork Station coal power plant. Teams competing in the Alberta track will test their technologies at the Alberta Carbon Conversion Technology Centre, a new carbon conversion research hub co-located with the Shepard Energy Centre natural gas power plant in Calgary, Alberta, Canada.
“We’re excited to support these teams as they scale up and start demonstrating under real-world conditions at the industrial test centers. This is the final, most ambitious stage of this prize competition,” added Extavour.
The NRG COSIA Carbon XPRIZE is a part of XPRIZE’s growing portfolio of Energy and Resources prizes and long-term vision for accelerating revolutionary energy technologies to help move the world towards a clean, abundant energy future.
XPRIZE, a 501(c)(3) nonprofit, is the global leader in designing and implementing innovative competition models to solve the world’s grandest challenges. XPRIZE utilizes a unique combination of gamification, crowd-sourcing, incentive prize theory and exponential technologies as a formula to make 10x (vs. 10%) impact in the grand challenge domains facing our world. XPRIZE’s philosophy is that—under the right circumstances—igniting rapid experimentation from a variety of diverse lenses is the most efficient and effective method to driving exponential impact and solutions to grand challenges. Active competitions include the Lunar XPRIZE, the $20M NRG COSIA Carbon XPRIZE, the $15M Global Learning XPRIZE, the $10M ANA Avatar XPRIZE, the $7M Shell Ocean Discovery XPRIZE, the $7M Barbara Bush Foundation Adult Literacy XPRIZE, the $5M IBM Watson AI XPRIZE, the $1.75M Water Abundance XPRIZE and the $1M Anu and Naveen Jain Women’s Safety XPRIZE. For more information, visit www.xprize.org.
NRG is the leading integrated power company in the U.S., built on the strength of our diverse competitive electric generation portfolio and leading retail electricity platform. A Fortune 500 company, NRG creates value through best in class operations, reliable and efficient electric generation, and a retail platform serving residential and commercial businesses. Working with electricity customers, large and small, we implement sustainable solutions for producing and managing energy, developing smarter energy choices and delivering exceptional service as our retail electricity providers serve almost three million residential and commercial customers throughout the country. More information is available at www.nrg.com. Connect with NRG Energy on Facebook and follow us on Twitter @nrgenergy.
Canada’s Oil Sands Innovation Alliance (COSIA) is a unique alliance of oil sands producers focused on accelerating environmental performance in Canada’s oil sands. COSIA enables collaboration and innovation between big thinkers from industry, government, academia and the wider public to improve measurement, accountability and performance in the oil sands across our environmental priority areas of greenhouse gases, land, water and tailings. COSIA members search the world for solutions to our toughest problems. And we have some of the best minds on the planet working on technologies to enable responsible and sustainable development. To date, COSIA has shared 981 distinct environmental technologies and innovations that cost over $1.4 billion to develop. Visit us at www.cosia.ca.
Jackie Wei, 310-741-4918
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Tilaa tiedotteet sähköpostiisi
Haluatko tietää asioista ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
Fieldstone Consolidates Global Structure21.11.2018 09:50 | Tiedote
Fieldstone, a leading independent investment bank and financial services provider in the energy and infrastructure sector, has brought together its services and offerings under unified ownership and management on a global basis. Jason Harlan, Fieldstone’s CEO, commented, “We have been working on this consolidation project for some time, and it is pleasing that we have now reached the point where we have taken full control of Fieldstone. This has resulted in the small New York team and its Malaysian subsidiary, being required to change the name and license of their operations, with immediate effect.” With this transition, Fieldstone will be able to even better provide a truly seamless global offering, which it has been doing successfully for nearly 28 years. As part of this process, Fieldstone launched a permanent Washington DC office and subsidiary (Fieldstone Development Corporation or Fieldstone DC) earlier this year to serve both North American clients and to assist multi-lateral an
Prominent Coalition of World Class International and Danish Law Firms and ISAF Management Company Proceed with Investor Lawsuit against Danske Bank21.11.2018 02:00 | Tiedote
International Securities Associations and Foundations Management Company (“ISAF”) announces the formation of an international coalition of leading American, German and Dutch law firms and the appointment of the preeminent Danish law firm, Németh Sigetty, to proceed with a lawsuit against Danske Bank A/S (“Danske” or the “Bank”) to pursue compensation for damaged investors after revelations of money laundering, financial mismanagement and deficient regulatory disclosures. The lawsuit will be filed in Copenhagen, Denmark on behalf of investors who suffered investment losses in Danske’s share price after various disclosures related to an estimated EUR €200 billion money transfer scheme involving non-resident Eastern European and Russian customers in the Bank’s Estonian Branch. Information about critical lapses in Danske’s ‘know your customer’ and anti-money laundering internal enforcement policies, and its failure to act upon both internal and external warnings of non-compliance, caused a
Saif bin Zayed Witnesses Endorsement of Abu Dhabi Declaration by Religious Leaders at Wahat Al Karama21.11.2018 01:28 | Tiedote
Under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Lt. General HH Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, attended the endorsement of the “Abu Dhabi Declaration.” The declaration, issued by the Interfaith Alliance for Safer Communities: Child Dignity in the Digital World Forum was endorsed and approved by religious and spiritual leaders participating in the two-day assembly, which took place in Abu Dhabi on November 19-20, who pledged to act upon the declaration’s articles and achieve the objectives and obligations outlined by the leaders of the seven major world religions participating in the forum. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181120005775/en/ Saif bin Zayed, Khalifa bin Tahnoun, alongside religious and spiritual leaders in front of a memorial to express commitment
Guy Carpenter Names Ross Howard Vice Chairman20.11.2018 20:46 | Tiedote
Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), today announced a new leadership appointment from the Jardine Lloyd Thompson Group plc (JLT) reinsurance organization. Effective upon closing of the transaction between Guy Carpenter’s parent company, Marsh & McLennan Companies and JLT, which remains subject to the receipt of certain antitrust and financial regulatory approvals, Ross Howard, Chairman of JLT Re, will become Vice Chairman of Guy Carpenter, reporting to President & CEO Peter Hearn. Mr. Howard will also become a member of Guy Carpenter’s Executive Committee and will be responsible for developing new business opportunities and assisting with client relationships in order to continue the growth of the combined global reinsurance business. Additionally, Mr. Howard will also play a key role in executing the integration of JLT Re with Guy Carpenter. “We are very excited to take
IDEMIA Will Present Its 2018 Quarterly Financial Results to Investors on November 21, 201820.11.2018 20:31 | Tiedote
IDEMIA, the world leader in Augmented Identity, today announced that it will present its Q3 2018 financial results to investors on Wednesday November 21, 2018. Yann Delabrière (CEO), Frédéric Beylier (COO) and Laurent Lemaire (CFO) will be presenting the financial results and taking questions the same day at 1:00 pm CET (12:00 pm London Time / 7:00 am New York Time). For more information, please refer to our website: http://investors.oberthur.com About IDEMIA OT-Morpho is now IDEMIA, the global leader in Augmented Identity, with the ambition to empower citizens and consumers alike to interact, pay, connect, travel and vote in ways that are now possible in a connected environment. Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, we reinvent the way we think, produce, use and protect this asset, whether for individuals or for objects. We ensure privacy and trust as well as guarantee secure, authenticated and verifiable t
OCP Announces Date of Third Quarter 2018 Earnings20.11.2018 20:00 | Tiedote
OCP S.A. (“OCP” or the “Company”), a global leader in the fertilizer industry, will release its third quarter 2018 results on Thursday, November 29, 2018. The results will be available to holders of the Company’s bonds, qualified institutional buyers, securities analysts and market makers on the OCP Intralinks portal from 8:30 a.m. EST, 2:30 p.m. Morocco time (GMT+1), and 1:30 p.m. London time (GMT). OCP senior management will host a conference call to discuss third quarter 2018 results at 9:30 a.m. EST, 3:30 p.m. Morocco time (GMT+1), and 2:30 p.m. London time (GMT) on Thursday, November 29, 2018 for holders of the Company’s bonds, qualified institutional buyers, securities analysts and market makers. Eligible parties that have not already registered for access to the Intralinks portal may do so by contacting the Investor Relations Department by emailing email@example.com About OCP OCP is a global leader in the fertilizer industry, backed by almost a century’s production history. O
Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.Tutustu uutishuoneeseemme