CREATING IMPACT THROUGH INNOVATION Alisa Ferguson XPRIZE Foundation April 7, 2017
ABOUT ME … • Optimistic, but pragmatic • No energy source is perfect …and there’s no Technology single solution to our energy challenges • Exciting, beneficial, important things happen when people try new things …that’s what innovation is all about • ~15 years in Washington, DC focused Strategy Communications on energy and technology issues Partnerships • Have advised XPRIZE for last ~4 years • Have worked on NRG COSIA Carbon XPRIZE since late 2013 Policy Business • Have worked with Gov. Mead and WY stakeholders to help make ITC a reality!
SNAPSHOT OF THE CARBON XPRIZE THE WINNING TEAM WILL… Convert the most CO 2 into one or more products with the highest net value • $2.5M milestone prize purse for each track PRIZE PURSE • $7.5M grand prize purse for each track 4.5 years: September 2015 – March 2020 TIMELINE Teams register for one of two tracks: • 1 track tested on coal (“Track A”) • 1 track tested on natural gas (“Track B”) STRUCTURE Teams compete in three rounds: • Round 1: Technical and Business Viability Assessment • Round 2: Pilot Scale Competition • Round 3: Demonstration Scale Competition Scoring Criteria: • Amount of CO 2 converted into products • Net value of products JUDGING CRITERIA Minimum Thresholds: • Maximum volume of fresh water consumed • Maximum land footprint in Round 3 demonstration p. 4 PRIVATE AND CONFIDENTIAL - NOT FOR DISTRIBUTION
COMPETITION TIMELINE: YOU ARE HERE p. 5 PRIVATE AND CONFIDENTIAL - NOT FOR DISTRIBUTION
PATHWAY TO COMMERCIALIZATION PILOT DEMO Full ROUND Medium Small Commercial Lab Scale ROUND Large Demo Commercial Demo Lab/mobile Research Small demo 50-100 metric 10,000 metric pilot 10-25 metric 1,000 metric <1kg CO 2 /day tons CO 2 /day tons CO 2 /day 2-5 metric ton tons CO 2 /day tons CO 2 /day >200 kg <50 W CO 2 /day 2-4 MW 400 MW CO 2 /day 400kW-1MW 40+ MW >80-200 kW $500M-$1B $0.1-1 M USD $50+ M USD >8 kW $250+ M USD $20+ M USD USD $5+ M USD $0.5 M USD TRL 1- 3 TRL 7 TRL 4 TRL 5 TRL 6 TRL 8-9 Fundamental Validation of Validation of Demonstration in Full scale Technology fully research through concept in concept in a a working demonstration in demonstrated, proof of concept for laboratory working environment a working tested, and application environment Example today: environment deployed environment Example today: Example today: Example Oxyfuel Example today: Example today: Wet “Solar fuels” Calcium looping today: IGCC combustion Amine scrubbing sulfur scrubbing 2 years 6 years 10 years Many Processes Here Now 4 years 1 year 8 years
THE TEAMS!
CARBON XPRIZE COMPETITORS TEAM BREAKDOWN GEOGRAPHIC BREAKDOWN Round 1 Round 2 Round 1 Round 2 Total Teams 38 25 USA 21 13 Total Entries 47 31 Canada 12 8 Track A Entries 20 12 China 1 1 Track B Entries 27 19 India 1 1 Dual Track Entries 9 6 Scotland 1 1 Switzerland 1 1 Finland 1 n/a Competing for a spot in finals at the ITC in Gillette
TEAM TYPES AND CURRENT MATURITY Team Type Technology Maturity subsidiary 2% TRL 4, 5 independent 17% 15% university 30% TRL 1, 2 34% pre- pre-revenue revenue startup start-up 30% 30% post-revenue TRL 2 - 4 startup 49% 23% p. 9 PRIVATE AND CONFIDENTIAL - NOT FOR DISTRIBUTION
TEAM PROCESSES & PRODUCTS TECHNOLOGIES PRODUCTS building materials Other electrochemic Other al polymers Solid Minerals nanocarbon Organic Materials photochemical bioprocess liquid fuels mineralization industrial photosynthesi chemicals thermochemic s / algae al p. 10
WHY DO TEAMS COMPETE? $ Money Resources Fun Credibility Purpose Competitive Spirit
CREATING IMPACT
CARBON XPRIZE Winner IMPACT GOALS Demonstrate breakthrough technologies Strengthen Mobilize talent communities Influence Public Attract and Perception Inspire leverage positive action investment Market Create or Reimagine Engage disrupt government markets CO2 p. 13
PRIZE IMPACT EXAMPLES …
HOW WE ARE HELPING DELIVER VALUE IN WYOMING … • Focus industry, government, media attention on WY • Position WY as leader on innovative energy solutions that can drive economic growth • Position WY to incentivize and attract carbon industries in the state • Potential events and tours at ITC site throughout the competition • Early view of universe of technologies and companies operating under real world conditions • Increase economic activity in Gillette, particularly in 2018-2020 once ITC opens and teams are operating • Create pipeline of future tenants for ITC • Inspire people like YOU to start new initiatives!
REIMAGINE CO2 PROGRAM Reimagine CO 2 is … • A program intended to broaden and strengthen the impact of the Carbon XPRIZE • A series of events convened and facilitated by XPRIZE to engage with key stakeholders and seed new thought leadership and action to support innovative carbon technologies • A mission to inspire new thinking and action among industry, innovators, investors, governments, and the public to reimagine CO2 and enable creative solutions that address climate change, drive economic benefits, and lead to a stronger energy future.
HOW CO2 UTILIZATION CAN DRIVE ECONOMIC DEVELOPMENT IN WYOMING (MARCH 2017)
FUTURE REIMAGINE WORKSHOPS • June 2017 – International Student Energy Summit (Merida, Mexico) • 700+ young energy leaders from 100 countries • Workshop will explore how participants can engage in energy innovation and impact environmental and economic issues globally • Q3/Q4 2017 – TBD, but possible topics we are considering: • Building stronger environmental NGO support for innovation • Financing commercialization and scale-up of CO2 conversion • Creating new policy to drive CO2 as an asset
WHAT NEXT?
Exponential TECHNOLOGIES Sensors Artificial Intelligence Robotics Synthetic Biology Virtual Reality 3D Printing
Exponential TOOLS Crowdfunding Crowdsourcing Design Thinking Blockchain Big Data Prizes
“THINK GLOBALLY, ACT LOCALLY”
Impact begins with YOU!
THANK YOU Alisa Ferguson alisa.ferguson@xprize.org
Recommend
More recommend
