- Educational Institution
- Private Sector
- Energy Infrastructure
Reserved for Energy
The CDR Purchase Pilot Prize marks a historic milestone for the carbon dioxide removal sector. Specifically, this prize initiates a first of a kind effort for the U.S. government to serve as the customer for carbon dioxide removal credits, supporting commercial carbon dioxide removal companies over several phases for delivery of the highest quality carbon dioxide removal technology offerings.
The prize will provide up to $35 million in cash awards in the form of offtake agreements from the federal government in four carbon dioxide removal pathways:
- Direct air capture with storage
- Biomass with carbon removal and storage
- Enhanced weathering and mineralization
- Planned or managed carbon sinks
The prize asks applicants to develop carbon dioxide purchase agreements through a pilot project delivering third-party verified carbon dioxide removal. Private entities (for-profits and nonprofits) and academic institutions who meet requirements are eligible to apply. Up to 10 teams will be chosen as grand prize winners, with each team receiving a purchase award prize of up to $3 million.