Climate Tech Startup Planetary Technologies Wins $1M XPRIZE Carbon Removal Milestone Award
Today, Planetary Technologies was awarded the XPRIZE Carbon Removal Milestone Award for its accelerated carbon transition platform. Planetary's unique innovations leverage the planet's ability to store carbon as a natural component of ocean chemistry. Planetary will use the $1 million prize to achieve a full-scale demonstration of its technology. Along with removing and storing carbon, Planetary's carbon removal process also creates renewable fuel and restores some of the damage climate change has already caused in ocean ecosystems.