Terms
- Announced
- 23 Apr 2025
- Instrument
- Grants
- Amount
- US$8.00m
- Source
- prnewswire.com
Parties
- Project developer
- Vaulted Deep
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis XPRIZE Foundation Grantor US$8.00m Sole provider: the whole transaction
Carbon
- Pathway
- Bio-oil / biomass burial
What happened
- XPRIZE Carbon Removal finalist award (third place), funded by the Musk Foundation. Closing wording: XPRIZE "awards $100M prize" (23 Apr 2025); Vaulted Deep $8M.
Kumo note
- - Prize money from the US$100m XPRIZE Carbon Removal, funded by the Musk Foundation: a finals award for removing more than 1,000 net tonnes in the final year.
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