Le Lézard
Classified in: Environment
Subject: Award

AirMiners Awarded $300,000 in Department of Energy DAC EPIC Prize

The U.S. Department of Energy (DOE) Office of Fossil Energy and Carbon Management (FECM) has selected AirMiners as a finalist in the Direct Air Capture (DAC) Pre-Commercial Energy Program for Innovation Clusters (EPIC) Prize. AirMiners will receive a $300,000 cash prize for being selected as a Phase 2: "Move It" winner and will advance to Phase 3: "Prove It." Earlier this month, AirMiners was awarded a $150,000 prize from the U.S. Department of Energy (DOE) Energy Program for Innovation Clusters (EPIC) Round 3.

The DAC EPIC Prize is a three-phase competition for incubators to propose new programming to support innovators working on equitable, hard-tech DAC solutions. The awards total up to $3.7 million in cash prizes to incubator teams that submit and implement creative and impactful plans to support entrepreneurs and innovators in the DAC space and create meaningful community engagement.

"Clean-tech incubators, like the DAC EPIC Prize finalists, are critical to development of the direct air capture (DAC) industry," said Eli Cain, DAC Prizes Lead at the National Renewable Energy Laboratory. "We are thrilled with the programming developed by the DAC EPIC Prize finalists and look forward to what they will accomplish in the next phase."

"We applaud the DOE for recognizing how crucial it is to solve for gigaton-scale carbon removal. In only the first two years of our program, our 150 startup graduates secured $110 million of venture capital and grants. This includes three teams who won XPRIZE milestone awards," said Tito Jankowski, AirMiners CEO. "These startups are removing carbon. They've also made carbon removal credit sales to big names like Frontier, Shopify, and Milkywire Climate Transformation Fund."

About AirMiners

AirMiners is on a mission to remove a billion tons of carbon dioxide cumulatively by 2030. Startup founders are invited to apply to the AirMiners Launchpad carbon removal accelerator. To learn more visit http://airminers.com, or follow on X/Twitter @airminers or LinkedIn.

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