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New $20 Million XPRIZE Aims to Tackle Carbon Dioxide Emissions From Fossil Fuels

At Fortune’s Brainstorm E conference, XPRIZE Chairman and CEO Peter Diamandis announced the $20M NRG COSIA Carbon XPRIZE, a competition to address CO2 emissions from fossil fuels. With registration opening today, teams are challenged to develop breakthrough technologies that convert the most CO2 into one or more products with the highest net value. Co-sponsored by NRG and COSIA, the 4-½ year competition will include two tracks, with the new technologies tested at either a coal power plant or a natural gas facility.