Friday Nov 22, 2024
Friday Nov 22, 2024

Algae a winner in Elon Musk-funded contest


Nepalnews
2022 Apr 23, 13:14, Cheyenne
Tesla CEO Elon Musk, left, shakes hands with XPRIZE founder and Executive Chairman Peter Diamandis during an XPRIZE presentation event in Los Angeles, May 15, 2019. From algae farming to producing a sort of artificial limestone, ideas for reducing greenhouse gas in the atmosphere are getting a funding boost from famed entrepreneur Musk. The Tesla electric vehicle and SpaceX rocket company developer is bankrolling a $100 million XPRIZE Carbon Removal competition for the most promising ways to reduce atmospheric carbon dioxide by grabbing the gas right out of the air. (AP Photo)

From algae farming to producing a sort of artificial limestone, ideas for reducing greenhouse gas in the atmosphere are getting a funding boost from famed entrepreneur Elon Musk.

The Tesla electric vehicle and SpaceX rocket company developer is bankrolling a $100 million XPRIZE Carbon Removal competition for the most promising ways to reduce atmospheric carbon dioxide by grabbing the gas right out of the air.

The 15 early-phase “milestone round” winners were announced Friday and each will get $1 million, a welcome boost for the teams to carry on with and scale up their work.

“What we’ve said is you haven’t given us a million bucks; what you’ve done is catalyzed investment in this technology,” said Mike Kelland, CEO of Planetary Technologies, a milestone winner that seeks to increase the ocean’s ability to absorb carbon dioxide by controlling the rising acidity of seawater.


READ ALSO:

algae winner in Elon Musk-funded greenhouse gas contest Tesla electric vehicle and SpaceX rocket company developer 100 million XPRIZE Carbon Removal competition atmospheric carbon dioxide NepalNews
Nepal's First Online News Portal
Published by Nepalnews Pvt Ltd
Editor: Raju Silwal
Information Department Registration No. 1505 / 076-77

Contact

Kathmandu, Nepal,


Newsroom
##

E-mail
nepalnewseditor@gmail.com

Terms of Use Disclaimer
© NepalNews. 2021 All rights reserved. | Nepal's First News Portal