Carbyon just recently became one of fifteen climate tech companies to be awarded a $1 million Milestone Award in the XPRIZE Carbon Removal competition.
Symbolically, the winners were announced by the Musk Foundation on Earth Day.
The Milestone Awards are intended as a token of recognition for the efforts put in to date and to support their continuation moving forward.
Finally, the overall winners of the $100M XPRIZE competition will be announced in 2025 and will receive the main prize of $80 million.
Carbyon entered the competition with its unique technology designed to capture carbon dioxide directly from the air, a process known as direct air capture or DAC.
What brings Carbyon’s design to the next level compared to existing alternatives is its very low manufacturing costs and extreme energy efficiency.
The startup’s approach relies on the Hiden HPR-20 R&D system, which allows for real-time quantitative analysis of different gasses.
It also involves the use of thin-film layers of carbon sorbents, which further decreases the costs of the DAC process itself.
Hence, while providing a viable solution for the climate crisis, Carbyon’s technology can also offer companies that recycle CO2 and use it to manufacture valuable products a cheaper raw material.
The company’s ambition is to scale and further develop its technology and reach gigaton scale of carbon removal by the next decade, thus offering a significant contribution to the mitigation of the climate crisis.
Founded in 2019, Carbyon is made up of a small team of scientists and engineers that are constantly working on ways to better their technology and help create a more sustainable future for our and future generations.
We would like to congratulate Carbyon on winning this recent XPRIZE Milestone Award and wish the team well on its path forward!