A multi-year, $100 million Xprize competition for startups trying to remove or reverse carbon emissions has its first crop of big winners. Though the bulk of this Musk money won’t be given away until 2025, these 15 companies are each getting $1 million today to keep the lights on til then.
The Carbon Removal Xprize, funded by the Musk Foundation, aims to reward novel methods to “pull carbon dioxide directly from the atmosphere or oceans and lock it away permanently in an environmentally benign way.” We’ve seen a few companies doing this with venture funding as well; it’s clearly an important and potentially both transformative and profitable space..
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