How to Compete for Elon Musk's $100 Million Xprize to Fight Climate Change Learn the details of Elon Musk and Xprize's competition aimed at pulling carbon dioxide from the atmosphere.

By Dan Bova Feb 8, 2021

Elon Musk has funded Xprize's $100 million prize pool for a competition that seeks solutions that can "pull carbon dioxide directly from the atmosphere or oceans and lock it away permanently in an environmentally benign way."

Xprize will award up to 15 finalists $1 million each, and the three top finishers will win $10, $20 and $50 million respectively. Twenty-five $250,000 scholarships will also be up for grabs for student team entrants.

To qualify, solutions must be able to extract 1 ton of CO2 per day, and display viability to scale.

Details of the competition can be found here.

Dan Bova

Entrepreneur Staff

VP of Special Projects

Dan Bova is the VP of Special Projects at Entrepreneur.com. He previously worked at Jimmy Kimmel Live, Maxim, and Spy magazine. His latest books for kids include This Day in History, Car and Driver's Trivia Zone, Road & Track Crew's Big & Fast Cars, The Big Little Book of Awesome Stuff, and Wendell the Werewolf.

Read his humor column This Should Be Fun if you want to feel better about yourself.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Most Popular

See all

Business News

Here Are the 10 Highest-Paying Jobs with the Lowest Risk of Being Replaced By AI: 'Safest Jobs Right Now'

A new report from career resources platform Resume Genius finds the top 10 AI-proof careers expected to see the most growth within the next decade.

By Sherin Shibu

Leadership

Is AI Worth the Layoffs? Inside a CEO's Ethical Nightmare

AI-driven workforce cuts are spreading across major corporations such as Amazon, Microsoft, IBM and Walmart. But for smaller business CEOs, it's not just strategy — it's deeply personal. How do you tell employees you consider friends that AI might replace them?

By Sabeer Nelli

Growing a Business

Why Your Old Marketing Tactics Are Killing Your Growth in 2025

Using marketing tactics from a couple of years ago doesn't just put you behind — it makes you disappear.

By Christopher Tompkins

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

By Eve Gumpel

Science & Technology

How I Went From Side Hustle to 7 Figures Using These 4 AI Tools (No Tech Skills Needed)

Scale faster, work less and grow a 7-figure business — no team needed.

By Ben Angel

Science & Technology

How AI Can Free Up Your Time For Less Busywork and More Innovation

If there's one trait every founder needs, it's a willingness to experiment. Today, experimentation is easier and more accessible than ever thanks to AI.

By Aytekin Tank