Canadian crew one particular of two to gain $20-million world tech competition

NRG COSIA Carbon XPRIZE proves recycling carbon emissions into items is a feasible resolution to

NRG COSIA Carbon XPRIZE proves recycling carbon emissions into items is a feasible resolution to assist handle local climate adjust

The CarbonCure group won the NRG COSIA Carbon XPRIZE level of competition.

The CarbonCure group received the NRG COSIA Carbon XPRIZE competition.
The CarbonCure team won the NRG COSIA Carbon XPRIZE competition.

The CarbonCure staff received the NRG COSIA Carbon XPRIZE competitiveness.

The CarbonCure crew gained the NRG COSIA Carbon XPRIZE competitors.

Calgary, AB, Canada, April 19, 2021 (World NEWSWIRE) — Calgary, AB, Canada – A Nova Scotia cleanse technological know-how company has won the worldwide NRG COSIA Carbon XPRIZE competition, a feat which is also a get for Canada’s rising carbon overall economy. Dartmouth-based mostly CarbonCure Technologies shares the top prize with California-dependent UCLA CarbonBuilt, with the groups competing in natural gasoline and coal tracks respectively. The two winners from a cohort of 10 finalists demonstrated they could convert the most carbon dioxide (CO) into the optimum worth products. Every single requires household a grand prize of US$7.5 million, in addition to $500,000 awarded to each individual finalist earlier in the level of competition.

Canada’s Oil Sands Innovation Alliance (COSIA) co-sponsored the multi-yr level of competition through a joint field task led by COSIA member ConocoPhillips Canada, supported by other associates Canadian Pure, Cenovus Electricity, Imperial, Suncor and non-member CNOOC. Alongside one another, COSIA customers represent 90 for each cent of oil sands manufacturing and by means of COSIA, collaborate on clear engineering innovation to enhance the environmental performance of Canada’s oil sands.

“The NRG COSIA Carbon XPRIZE has proven that changing CO2 into every day solutions can be a video game-changing pathway in our broader attempts to lower emissions. By breakthrough systems, we can tackle the important leads to of weather change, generate new economic alternatives and establish a bridge to a cleaner, abundant and very affordable energy future,” states Wes Jickling, COSIA’s Chief Government. “We congratulate the teams and winners and are extremely very pleased of what is been achieved. This is a shining illustration of the collaboration which is required across industries and borders to handle local weather alter, although meeting global strength wants.”

Groups in the level of competition, administered by the US-based mostly XPRIZE Basis, have sophisticated systems that can deal with climate modify by changing CO2 emissions into products and solutions like environmentally helpful concrete, plastics and even vodka. Each successful teams are recycling CO2 emissions into concrete related products – one of the most abundantly employed components on earth.

“The prize served to establish tangible innovation in CO2 conversion and carbon tech, and that is thanks to the tricky operate of the teams, and the aid of NRG and COSIA, especially the check facilities established to make this prize attainable,” stated Marcius Extavour, XPRIZE Vice President of Power and Local weather. “Some of the answers are presently in the market place, and others are all set to be deployed. It’s time to act in decarbonization, and the remedies showcased for the duration of the prize represent a path ahead.”

Jickling claims, “supporting this initiative is just a person instance of get the job done underway in Canada’s oil sands to make improvements to environmental general performance. In point, Canada’s oil and purely natural gas providers commit much more on clean know-how investments than all other industries put together, with 75% of the $1.4 billion invested every year in Canada coming from our oil and all-natural fuel marketplace.”

The XPRIZE level of competition is also an essential action ahead in progressing Canada’s carbon financial state, which has sizeable opportunity to become a new professional sector including via making merchandise from C02. By elevating the profile of carbon capture and utilization systems, the competitors introduced jointly some of the leading innovators functioning in this area and is approximated to have captivated an extra US$150 million in exterior funding for members, including from Invoice Gates, Amazon and Shopify.

Globally, the carbon seize and utilization sector is thought to be a $6 trillion possibility, with the possible to spur new industries and products and solutions that could change our planet by slowing local climate improve. Several authorities think that Canada has the possible to be a leader in this place.

An crucial legacy of the competitors is the Calgary-dependent Alberta Carbon Conversion Technology Centre (ACCTC), a tests facility that was intent crafted for Carbon XPRIZE competition in the pure gas keep track of. It is now open up to innovators from any place in the environment looking to progress carbon capture and utilization systems. The ACCTC is poised to be a world wide hub for groundbreaking innovation that addresses the weather-related challenges of extra CO2 emissions whilst producing new economic prospects.

“Alberta is at the forefront of carbon seize and utilization study thanks to the Alberta Carbon Conversion Technologies Centre and all the opponents in the NRG COSIA Carbon XPRIZE. The ACCTC offers the platform for innovators and entrepreneurs to de-danger the growth method and go their technology ahead to commercial achievements, thanks to the one of a kind amenities and know-how of our subsidiary, InnoTech Alberta.” states Laura Kilcrease, CEO of Alberta Innovates, which owns and operates the ACCTC.

Come across out much more about the NRG COSIA Carbon XPRIZE at transformingthefuture.ca.

About COSIA:

Canada’s Oil Sands Innovation Alliance (COSIA) is a unique alliance of oil sands producers concentrated on accelerating environmental performance in Canada’s oil sands. COSIA allows collaboration and innovation among thinkers from field, governing administration, academia and the broader general public to improve measurement, accountability and general performance in the oil sands across our environmental priority areas of greenhouse gases, land, water and tailings. COSIA members search the planet for remedies to our toughest issues. And we have some of the very best minds on the earth performing on systems to empower further liable and sustainable progress.

Pay a visit to COSIA at www.cosia.ca. Comply with us on LinkedIn, Facebook and Twitter.

About XPRIZE:

XPRIZE is a world long run-favourable motion of in excess of 1M men and women and soaring, delivering certainly radical breakthroughs for the reward of humanity. XPRIZE inspires and empowers a worldwide group of problem-solvers to positively effect our environment by crowdsourcing remedies by means of substantial-scale competitions, tackling the world’s grandest worries in exploration, ecosystem and human equity. Active competitions incorporate the $20 Million NRG COSIA Carbon XPRIZE, $10 Million XPRIZE Rainforest, $15 Million XPRIZE Feed the Future Billion, $10 Million ANA Avatar XPRIZE, $6 Million XPRIZE Quick COVID Testing, $5 Million IBM Watson AI XPRIZE, $5 Million XPRIZE Immediate Reskilling, $1 Million XPRIZE Next-Gen Mask Challenge and $500,000 Pandemic Reaction Challenge. Donate, indicator up or be part of a group at xprize.org.

-30-

Media Contacts:

COSIA
Rob Gray
Tel: 403-880-3536
E-mail: [email protected]

XPRIZE

Caden Kinard
Tel: 949-280-0182
E-mail: [email protected]

CarbonCure
Pal Hollywood, Sterling Communications
Tel: 408-355-9880
E-mail: [email protected]

Alberta Innovates
Dwayne Brunner
Tel: 587-572-4091
E-mail: [email protected]

Attachments

Speak to: Rob Grey, Director, Communications & Outreach Canada's Oil Sands Innovation Alliance (COSIA) 403.880.3536 [email protected]