CREATING IMPACT THROUGH INNOVATION Alisa Ferguson XPRIZE - - PowerPoint PPT Presentation

CREATING IMPACT THROUGH INNOVATION

Alisa Ferguson XPRIZE Foundation April 7, 2017

ABOUT ME…

Technology Policy Business

• Optimistic, but pragmatic
• No energy source is perfect…and there’s no

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
• n energy and technology issues
• Have advised XPRIZE for last ~4

years

• Have worked on NRG COSIA Carbon

XPRIZE since late 2013

• Have worked with Gov. Mead and WY

stakeholders to help make ITC a reality!

Strategy Communications Partnerships

SNAPSHOT OF THE CARBON XPRIZE

THE WINNING TEAM WILL… Convert the most CO2 into one or more products with the highest net value PRIZE PURSE

• $2.5M milestone prize purse for each track
• $7.5M grand prize purse for each track

TIMELINE 4.5 years: September 2015 – March 2020 STRUCTURE Teams register for one of two tracks:

• 1 track tested on coal (“Track A”)
• 1 track tested on natural gas (“Track B”)

Teams compete in three rounds:

• Round 1: Technical and Business Viability Assessment
• Round 2: Pilot Scale Competition
• Round 3: Demonstration Scale Competition

JUDGING CRITERIA Scoring Criteria:

• Amount of CO2 converted into products
• Net value of products

Minimum Thresholds:

• Maximum volume of fresh water consumed
• Maximum land footprint in Round 3 demonstration

• p. 4

COMPETITION TIMELINE: YOU ARE HERE

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Lab Scale Research <1kg CO2/day <50 W $0.1-1 M USD PILOT ROUND Lab/mobile pilot >200 kg CO2/day >8 kW $0.5 M USD DEMO ROUND Small demo 2-5 metric ton CO2/day >80-200 kW $5+ M USD Medium Demo 10-25 metric tons CO2/day 400kW-1MW $20+ M USD Large Demo 50-100 metric tons CO2/day 2-4 MW $50+ M USD Small Commercial 1,000 metric tons CO2/day 40+ MW $250+ M USD Full Commercial 10,000 metric tons CO2/day 400 MW $500M-$1B USD

PATHWAY TO COMMERCIALIZATION

TRL 8-9 TRL 1- 3 TRL 5 TRL 6 TRL 4 TRL 7

Fundamental research through proof of concept for application Example today: “Solar fuels” Validation of concept in laboratory environment Example today: Calcium looping Validation of concept in a working environment Example today: IGCC Demonstration in a working environment Example today: Oxyfuel combustion Full scale demonstration in a working environment Example today: Amine scrubbing Technology fully demonstrated, tested, and deployed Example today: Wet sulfur scrubbing

Many Processes Here Now 1 year 2 years 4 years 6 years 8 years 10 years

THE TEAMS!

CARBON XPRIZE COMPETITORS

TEAM BREAKDOWN Round 1 Round 2 Total Teams 38 25 Total Entries 47 31 Track A Entries 20 12 Track B Entries 27 19 Dual Track Entries 9 6 GEOGRAPHIC BREAKDOWN Round 1 Round 2 USA 21 13 Canada 12 8 China 1 1 India 1 1 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

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TRL 4, 5 17% TRL 2 - 4 49% TRL 1, 2 34%

Technology Maturity

university 30% post-revenue startup 23% pre-revenue startup 30% independent 15% subsidiary 2%

Team Type

pre- revenue start-up 30%

TEAM PROCESSES & PRODUCTS

• p. 10

electrochemic al photochemical mineralization thermochemic al photosynthesi s / algae bioprocess Other

TECHNOLOGIES

building materials polymers nanocarbon liquid fuels industrial chemicals Organic Materials Solid Minerals Other

PRODUCTS

Credibility Resources Competitive Spirit Fun Money

$

Purpose

WHY DO TEAMS COMPETE?

CREATING IMPACT

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Winner Reimagine CO2 Market

Demonstrate breakthrough technologies Mobilize talent Create or disrupt markets Attract and leverage investment Strengthen communities Inspire positive action Engage government Influence Public Perception

CARBON XPRIZE IMPACT GOALS

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
• pens and teams are operating
• Create pipeline of future tenants for ITC
• Inspire people like YOU to start new initiatives!

REIMAGINE CO2 PROGRAM

Reimagine CO2 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 3D Printing Virtual Reality Synthetic Biology

Exponential TOOLS

Crowdfunding Crowdsourcing Design Thinking Prizes Big Data Blockchain

“THINK GLOBALLY, ACT LOCALLY”

Impact begins with YOU!

THANK YOU

Alisa Ferguson alisa.ferguson@xprize.org