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Global Competition Underway to Develop Ways to Utilize Captured Emissions

Global Competition Underway to Develop Ways to Utilize Captured EmissionsIn order to ease the transition from a fossil-fuel based economy to one built on renewables, many experts in the energy industry believe the answer lies in carbon capture and storage (CCS).  In fact, a recent report from the International Energy Agency (IEA) stated that CCS is “the only technology solution capable of delivering significant emissions reductions from the use of fossil fuels in power generation and industrial processes.”

One element not addressed by current CCS technology is the question of utilization—now that carbon has been captured and stored, what can be done with it?

A new global competition launched by the XPrize Foundation, is aiming to answer that question.

The XPrize Foundation’s global competition is aimed at discovering how to utilize carbon that could be captured and stored at both coal and gas-fired plants.  In addition to a $7.5 million prize, the winning contestants will have their designs implemented at a gas-fired power plant in Alberta, Canada and a cutting-edge carbon research facility in Gillette, Wyoming. 

If this competition can yield a design suitable for widespread adoption, it is possible that the era of clean energy may arrive well before the end of fossil fuels.  

The implications stretch beyond the energy industry, though.  At a molecular level, carbon is fundamental to many of the products that we use on a day to day basis.  As such, the XPrize Foundation’s competition has the potential to bring about positive change in nearly every industry.

Read the full story here.

To learn more about how your business can reduce its carbon footprint, check out renewable energy systems from ConEdison Solutions. 

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