Pond Technologies Holdings Inc.: Former Carbon XPRISE Semi-Finalist, Pond Technologies, Announces Entry to Elon Musk sponsored XPRIZE Carbon Removal Competition
/ Pond Technologies Holdings Inc. ("
Pond") (TSX.V:POND) (OTCQBPNDHF) (FSE:400), an ESG company addressing global sustainability challenges of wellness and climate change, announces that it is preparing to enter the XPRIZE Carbon Removal competition which officially opened for applications today. Funded by Elon Musk and the Musk Foundation, this $100M competition is the largest incentive prize in history. Previously, Pond was a semifinalist in the 2017 global $20 Million NRG Cosia Carbon XPRIZE competition to transform carbon into useful products.
XPRIZE Carbon Removal is a four-year global competition that invites innovators and teams from anywhere on the planet to create and demonstrate solutions that can pull carbon dioxide directly from the atmosphere or oceans ultimately scaling massively to gigaton levels, while locking away CO2 permanently in an environmentally benign way.