Office: Carbon Management
Learn More: Carbon Dioxide Removal Purchase Pilot Prize
Prize Amount: $35 million

Background Information

On September 29, 2023, the U.S. Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) announced up to $35 million, made available through President Biden’s Investing in America agenda, to advance technologies that reduce emissions from hard-to-abate sectors such as aviation and shipping and legacy carbon dioxide (CO2) pollution by removing it directly from the atmosphere. Carbon dioxide removal is a key component for achieving the Biden-Harris Administration’s historic climate and clean energy agenda. The Carbon Dioxide Removal (CDR) Purchase Pilot Prize will enable companies to compete for the opportunity to sell carbon dioxide removal credits directly to DOE. This will help build standards for successful carbon dioxide removal programs and create a market to encourage technology innovation and the growth of the industry.

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 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.

This funding is provided from the Bipartisan Infrastructure Law Section 41005b.

Eligibility

Eligible applicants include private entities (for-profits and nonprofits) and academic institutions.

Areas of Interest

This prize has four areas of interest:

  1. Direct air capture (DAC) storage technologies
  2. Biomass with carbon removal and storage (BiCRS) pathways
  3. Enhanced geological weathering or mineralization pathways, including both ex-situ and surficial approaches
  4. Alternative planned or managed carbon sinks, including natural and artificial approaches in terrestrial and upper hydrosphere environments with demonstrable durable storage consistent with secure geologic storage or equivalent

Prizes

CDR Purchase Pilot Funding Table

Only winners of Phase 1 (semifinalists) are eligible to compete in Phase 2 and will be scored on a series of criteria outlined in this rules document. Only winners of Phase 2 will be eligible to compete in Phase 3

Webinar

An informational webinar was hosted on September 29, 2023 at 3:30pm ET to provide an overview of the CDR Purchase Pilot Prize, objective, structure, and request for engagement.

Attending the informational webinar is not mandatory and will not positively or negatively impact the overall review of any applicant submissions.

Key Dates

Phase 1 Official Prize Launch & Open 09/29/2023
Informational Webinar 09/29/2023 at 3:30 PM ET
Phase 1 Submission Deadline 12/14/2023 at 5:00 PM ET
Phase 1 Winner Announcement February 2024

Additional Information

 

Last Updated: November 20, 2023