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policy instrument · 9 March 2023
DAC Pre-Commercial EPIC Prize
Jurisdiction countryUnited States
Instrument typegrant-rd
Authoritygovernment
PathwaysDirect air capture
Scopecarbon removal only
Statusoperational
DetailU.S. Department of Energy Office of Fossil Energy and Carbon Management prize competition awarding up to $3.7 million in cash prizes to incubator teams that submit creative and impactful plans to support entrepreneurs and innovators in the direct air capture (DAC) space. Three-phase competition structure: Phase 1 'Think It' (design impactful novel plan); Phase 2 'Move It' (demonstrate implementati
Monetary note$3.7 million in total cash prizes across three phases: Phase 1 'Think It' $100,000 per semifinalist (13 teams); Phase 2 'Move It' $300,000 per finalist (5 teams); Phase 3 'Prove It' $750,000 grand prize or $250,000 runner-up prize
Stated statusoperational
Pathway scopespecific
Pathway noteprize explicitly targets incubators supporting entrepreneurs in the direct air capture (DAC) space
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