NRG COSIA Carbon XPRIZE
We're reimagining CO2
What if we could turn carbon dioxide (CO2) emissions into something useful?
With support from seven member companies, including Cenovus, Canada's Oil Sands Innovation Alliance (COSIA) is sponsoring the US$20 million NRG COSIA Carbon XPRIZE together with NRG Energy of the U.S. This competition challenges teams from around the world to develop innovative approaches to convert captured CO2 emissions from burning fossil fuels into valuable products and consumer goods. These CO2 emissions would otherwise end up in the atmosphere.
The competition has two tracks - one focused on testing technologies at a coal power plant and one focused on testing technologies at a natural gas power plant. Each track operates as a separate competition on the same timeline. The technologies that convert the greatest amount of CO2 into products with the highest net value while creating the greatest environmental benefit will win the NRG COSIA Carbon XPRIZE. On April 9, 2018, XPRIZE announced 10 finalist teams, including four teams from Canada, who will receive an equal share of a US$5 million milestone prize to test their technologies for commercial deployment over the next two years.
What is an XPRIZE?
An XPRIZE inspires innovation and positive change for current problems believed to be unsolvable or with no clear path to a solution. The XPRIZE Foundation is the global leader in large-scale incentive prize competitions that bring together bright minds to find solutions to global problems.
Alberta Carbon Conversion Technology Centre
Starting later in 2018, the five finalist teams competing in the natural gas track will begin testing their technologies at the Alberta Carbon Conversion Technology Centre at the Shepard Energy Centre in Calgary, Alberta's largest natural-gas fueled power plant jointly owned by ENMAX and Capital Power.
As the first tenants at the new facility, the finalists will use CO2 captured from the flue stream at the Shepard Energy Centre to demonstrate their technologies for potential commercial application. Separately, five finalist teams in the coal track of the competition will demonstrate their technologies at a test centre in Wyoming. In 2020, the winner in each track will be eligible for a US$7.5 million grand prize.