When Elon Musk revealed details about a $100m prize for innovators who aid the development of carbon dioxide removal technologies, it created some interest at Sustainable Energy Solutions (SES) for a good reason.
“When we heard about that we said we should send him our address so he can send us the check because we’ve already done it,” Andrew Baxter, CEO and President at SES, told gasworld.
Musk’s $100m challenge came a month after a significant development for SES, which was acquired by cryogenic equipment manufacturing giant Chart Industries for $20m plus earn-out considerations in December. Musk is looking for innovators to prove they can cost-effectively scale their technology to a level that exceeds anything that has ever been built before.Musk’s Xprize is more focused on CO2 capture from the atmosphere. While SES’ technology is theoretically capable of direct air capture, its near-term focus is on capture from more concentrated point sources.
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