Million dollar cleantech competition launched to clean up oil spill

Posted on: Friday, July 30th, 2010
Comments: 1 Written by: CTTV Producer

Kicking off this Sunday, the foundation that helped launch private spaceflight and new breakthroughs in ultra fuel-efficient vehicles, has come up with its sixth major incentive crowd-sourcing competition, this time with the intention to fund a global effort to clean up the oil spill.

The X PRIZE Foundation (www.xprize.org), best known for launching the private spaceflight industry through the $10 million Ansari X PRIZE, and the ultra-fuel efficient vehicle market through the $10 million Progressive Insurance Automotive X PRIZE, today announced the launch of its sixth major incentive competition, the $1.4 Million Wendy Schmidt Oil Cleanup X CHALLENGE. www.iprizecleanoceans.org.
Source: Press Release from X Prize announcing the Wendy Schmidt Oil Cleanup Challenge

As reported today on The Grist clean and green news blog, this new year long challenge has been launched as a response to Wendy Schmidt’s frustration (shared with many around the world) as she has watched the “messy, uncordinated” attempts to mop up the oil from the massive BP leak in the Gulf of Mexico. Wendy Schmidt, wife of Google CEO Eric Schmidt, has put up the $1.4 million for the competition which is being run by the X Prize Foundation. The article goes on to quote Wendy:

“With nearly 4,000 active drilling platforms in the Gulf alone, and more than 10,000 oil platforms across the globe and millions of barrels of oil being transported every day by tankers, it’s not a question of ‘if’ there is another spill but ‘when,’” she said.
She argued that “we need to come up with better ways to respond quickly and to minimize the harm we are causing to marine life, coastal wetlands and beaches, and to our livelihoods.” Teams will submit a blueprint for spill-fighting technology online on the website of the X Prize Foundation.
Source: Million-dollar contest launched to help clean up oil spillSpill the Greens Article, The Grist

Read the full press release here.

Image source: CS Monitor

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