Elon Musk's $100M carbon-capture technology carrot.
If I'm being honest, Elon Musk has eluded my simple bachelor of arts' brain for all of these years. Primarily because I've never really understood what he's doing or saying; he lost me at the lithium-ion battery and augmenting the human brain's capabilities. But I did glean this from Musk's latest endeavor: carbon (blah, blah, blah), capture (blah, blah, blah), technology (blah, blah, blah), $100M prize! Sign me up carbon-capture technology world! Okay, maybe not, but you've got my attention.
Am donating $100M towards a prize for best carbon capture technology— Elon Musk (@elonmusk) January 21, 2021
Musk took to Twitter and announced he'd offer up $100M to whoever could come up with the most innovative carbon capture solution; to which I'm sure the CCS titans like General Electric, Mitsubishi Heavy Industrial Ltd., Occidental Petroleum have already spent the prize money.
For the rest of the liberal arts majors like me, as defined by Exxon, carbon capture and storage (CCS) "is the process by which carbon dioxide from power-plant combustion and other industrial sources that would otherwise be released into the atmosphere is captured, compressed and injected into underground geologic formation for safe, secure and permanent storage."
Basically, CCS is used for reducing carbon fuel emissions. This falls into line with President Biden's administration on fighting climate change.
Musk did not provide further details to his generous, yet elusive $100M prize, leaving the world with his promise to provide "details next week," and always at the mercy of the multi-billionaire's off-the-beaten-path technological endeavors.