Deep Sky, a Montreal-based venture commercializing carbon removal and storage solutions, is partnering with XPRIZE to develop CO2 removal solutions, according to a news release.
The carbon removal teams competing in XPRIZE will pilot their solutions at Deep Sky’s commercialization project Alpha in Quebec, as well as prototyping and licensing deals worth at least $1m each.
“This offer is open to all competing teams who submit to the final round of the prize, regardless of whether they are named a finalist,” the release states.
The $100m XPRIZE Carbon Removal, funded by the Musk Foundation, is a four-year global competition to incentivize break through carbon removal solutions across four tracks: air, oceans, land, and rocks.
To win, teams must remove and durably sequester 1000 tonnes of CO2 per year and demonstrate the ability to scale to gigaton level by 2050.
