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January 29, 2014 — Governor Matt Mead is proposing that Wyoming and private partners invest in a world-class research center to develop and test new uses for carbon captured from coal-based power plants. The Governor is proposing that the State set aside $15 million to cover capital costs for construction and for University of Wyoming research to take place there ($12 million to build the center and $3 million for University of Wyoming research). Tri-State Generation and Transmission Association, a non-profit organization based in Colorado, has recently begun raising money for a $10 million inducement prize for research and development of carbon capture technology. Mead has proposed that the research facility could be used by Wyoming researchers and competitors seeking the prize.
The winner of the prize will have to be able to show that they could capture carbon emissions and use it in an economical way. The Tri-State’s goal is to obtain technological innovation through competition and money prizes.
For Governor Mead’s full press release click hereFor the article describing Tri-State’s fundraising click here
To learn more about the X Prize Foundation click here