The Direct Air Capture (DAC) Pre-Commercial Technology Prize awards cash prizes to teams that identify a critical need in the DAC industry, develop a solution to address this gap, and test the idea to a degree of scale. It aims to focus on the steps of ideation and entrepreneurship needed to prepare a technology and business for commercialization.
Teams will win increasingly larger prizes as they successfully meet technology milestones over the course of three phases: Dream, Design, and Develop. Each phase requires compounding progress of the team’s DAC technology development.
Further details on the prize are forthcoming. Check back here for more details soon.
Part of the DAC Prizes Suite
The DAC Pre-Commercial Tech Prize is one of three interconnected competitions in the American-Made DAC Prize program. The DAC Prizes are a suite of prizes that work together to advance carbon dioxide removal technologies and the incubators that make this process possible.
Funded by the U.S. Department of Energy’s Office of Fossil Energy and Carbon Management, the DAC Prizes offer up to $100 million split among three prizes: the DAC Pre-Commercial EPIC Prize, the DAC Pre-Commercial Tech Prize, and the DAC Commercial Prize.
Learn more about the DAC Prizes and how each prize works.