Terms
- Announced
- 22 Apr 2022
- Instrument
- Grants
- Amount
- US$1.00m
- Source
- xprize.org
Parties
- Project developer
- Heirloom
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis XPRIZE Foundation Grantor US$1.00m Sole provider: the whole transaction
Carbon
- Pathway
- DAC
What happened
- XPRIZE Carbon Removal milestone award, funded by the Musk Foundation. Closing wording: XPRIZE and the Musk Foundation "award $15M to prize milestone winners" (22 Apr 2022), US$1m to each of 15 teams. Joint team Heirloom and Carbfix (Iceland); recorded under Heirloom..
Kumo note
- - Prize money from the US$100m XPRIZE Carbon Removal, funded by the Musk Foundation: one of 15 US$1m milestone awards made in April 2022 to fund teams' scale-up toward the finals.
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