Clean Energy Systems Selected for DOE's Commercial Carbon Dioxide Removal Purchase Pilot Prize
Twenty-four Semifinalists Selected in First Phase of Historic Department of Energy (DOE) CDR Purchase Prize
Funded by the Bipartisan Infrastructure Law, the Carbon Dioxide Removal (CDR) Purchase Pilot Prize provides up to $35 million in total cash awards in the form of CDR Credit Purchase Agreements from DOE. A diversity of approaches compete across four pathways including: Direct air capture (DAC) with storage, Biomass with carbon removal and storage (BiCRS), Enhanced rock weathering and mineralization, and Planned or managed carbon sinks, with the prize goal of creating a just and sustainable framework for scalable carbon management and help develop a carbon dioxide purchasing market to encourage technology innovation.
In May, DOE announced twenty-four semifinalists (Phase 1 winners) who will each receive $50,000 to help scale their CDR technologies. Semifinalists also get to compete in Phase 2 of the prize where they will produce a CDR credit purchase contract, including measurement, reporting, and verification standards and commercial off-take terms. Up to 10 semifinalist teams will be chosen as grand prize winners, each receiving a CDR Credit Purchase Agreement award of up to $3 million for the sale of their credits to DOE.
Under the BiCRS pathway, Clean Energy Systems' California Carbon Negative Energy project that utilizes agricultural wood waste as feedstock and proprietary oxy-combustion technology for power generation and permanent carbon removal was selected as a semifinalist.
For the full list of CDR Purchase Pilot Prize Phase 1 Semifinalists, click here.
For More Information About DOE's CDR Purchase Pilot Program click here
