Incentivizing Energy and Climate Innovation

Topics: Carbon capture and storage Environment

In a quiet industrial park in suburban Toronto, there is a machine that eats carbon dioxide (CO2) and spits out fuel. This place, typically associated with its strip malls, ethnic and cultural diversity, and peaceful middle class life, might also soon be known as a hotbed of energy innovation. The project’s code name is “Pond.”

A world away, at a world-class research institute in Bangalore, India, engineers have developed a completely different technology to convert CO2into industrial chemicals. They are motivated by the desire to begin tackling rising global CO2 emissions. Their project code name is “Breathe.”

Aside from a healthy obsession with carbon, what these two efforts have in common might surprise you. Rather than collaborating on an international science project or with a company’s ­industrial research and development, both are competing to win a global competition to transform CO2 from a liability into an asset and, in so doing, create a paradigm shift in the energy space. Both are competitors in the NRG COSIA Carbon XPRIZE. And the competition is just getting started.

This article is reserved for SPE members and JPT subscribers.
If you would like to continue reading,
please Sign In, JOIN SPE or Subscribe to JPT

Incentivizing Energy and Climate Innovation

Marcius Extavour and Paul Bunje, XPRIZE

18 October 2016

Volume: 68 | Issue: 11