 to compete in this prize and everything in between. So my name is Nikki Bachelor. I am the Prize Director for the X Prize Carbon Removal. We have a great team on the X Prize side. If you wanna just go to the next slide, Ruba, we have a few different bios and head judges. So you get to know the whole team. We're a group of four who are running the main competition. We are joined by Ruba Dandamoudi who is here, our team relations specialist. She's been with X Prize about six years, as have I. And Michael Leach is our technical lead. He is gonna be answering all the questions about what does it mean to actually build a carbon removal solution that will be eligible to compete in this competition. And then Marcus Exdivore who's not with us today, but he is the Vice President of Energy and Climate at X Prize. He's also been with X Prize for about six years and the four of us actually used to run the NRG COSIA Carbon X Prize for the last five years. We just awarded that $20 million competition earlier this year. So we're excited to kind of have that one under our belt and moving on to the next one and a much larger scope. This new $100 million competition is gonna be a real exciting game changer for the space, we hope, and an opportunity to really support a lot of new emerging technologies in the carbon removal space. So this is our team and we'll be here every two weeks for this webinar series that we're starting now through the end of the competition registration period. So we are really just trying to be available to answer questions, to help folks understand what X Prize is, what does it mean to compete? How do you get your demonstrations to where they need to be to potentially win the prize? So if we kind of move on to the next slide here, I think that we just wanted to give you a sense of X Prize for those who are not familiar. We are a nonprofit foundation based in Los Angeles, California. We are really trying to tackle the world's largest problems through competitions, that's the model that we use. We put an incentive out there. The money usually comes from other donors, organizations, corporations, in this case, Elon Musk and his foundation for the X Prize carbon removal. And we really try and accelerate the rate of technology development in a space to tackle a certain challenge. So if we move on here, we work across three different domains, exploration, environment and human equity. So we are really the team working on a lot of the environment challenges here. X Prize got our start in the exploration space though. The Ansari X Prize was our very first competition and we really are proud of that work to kind of launch the private space industry. The Ansari X Prize was a real start for this organization, but we have diversified into all of these other spaces now. We're working on a handful of different challenges. I mentioned we just awarded the energy COSIA carbon X Prize. We have another new competition that launched recently around feeding the next billion, which is really around meatless meats. And then we have another competition around mapping the rainforest. We have done a series of prizes in the ocean space as well, mapping the ocean floor, ocean acidification. So yeah, we're really excited to be digging into the climate space even deeper with this competition. We have a few stats here on the next slide, I believe about how... Oh, here's some of the competitions that I just mentioned that we've concluded in the past and some of them are still active. You can see the full listing of all of these prizes on our website. The next slide shows just some high level stats of how much we've awarded kind of to date. So 25 prizes have been launched over our history 17 have been awarded to date. You can see that we have a number of prizes that are still in development and we have awarded over $100 million in prizes to teams like yourselves who are competing to win across many different topics and challenges. So there is kind of a growing ecosystem of X Prize alums that we're also kind of excited to be building out a whole network of that community and you'll hear more about that over the next four years if you compete in the prize, but there is definitely kind of a network of people who compete in X prizes and who have won X prizes and we like to continue to build that support system out to them kind of after the prizes are over. So let's dig into this competition, why you guys are all here, the X Prize Carbon Removal. So just to level set where we're at with this competition and what the purpose of it really is, excuse me. So we run competitions, but our mission is really to accelerate and push a space forward. We like to catalyze markets. In this case, we are really trying to challenge innovators to demonstrate the viability of durable, low-cost, scalable and sustainable carbon removal solutions. We are here to tackle this mission and we are trying to really increase the supply that exists in the world immediately, but also to meet 2030 and 2050 goals. So if we move on, we have a few of the specific kind of objectives of the competition. As I mentioned, increasing the global supply of carbon removal through competitions, we also work really hard to demonstrate the scientific and technical viability of solutions. We do rigorous kind of measurement and validation across solutions throughout the competition. Mike is gonna talk a bit more about that. What does it look like for this competition? He has a lot of experience on that specifically through our last prize as well, where we did deep validation of technologies over the last five years. And we're also really here to accelerate the scaling and equitable deployment of proven carbon removal solutions. So what we wanna do is fund the most promising solutions, accelerate them to scale quickly and then try and support those innovators over the long haul and inspire the next generation of talent to work on carbon removal. You'll see that we have a special carve out in this competition for students. We're really excited about that. That's something new for XPRIZE to run kind of a student competition alongside the main competition. We're gonna get into the details of what that means and who is eligible for that $5 million that we are getting out the door this year, but it's a great opportunity for teams to start getting some early seed capital into their projects. So definitely apply for that if you are eligible. Then I think we're moving forward two slides after this, but if we could go on to the next one, this is really just a high level timeline. So I mentioned the $5 million are trying to get out the door this year for student awards. The next big tranche of funding though that's gonna be awarded is also very quick. It's just next April. So within the first year, we will be awarding the milestone awards. We are looking for 15 promising teams to give $1 million awards to. The submission for that is going to be coming up in February of 2022, and then the judging and deliberation will take place and we'll award that $15 million, get it out the door to find really promising and exciting innovative demonstrations. Mike, we'll talk a little bit more about what that's gonna take, what it looks like to submit for that. And then ultimately, the rest of the money will be awarded in 2025. At the end of the competition, there will be a single grand prize winner that will take home the $50 million, as well as several runners up, up to three that judges have some discretion here depending on kind of who the most promising solutions are for the remainder of the awards. But this is just to give you a sense of what the master timeline looks like. There's more detail to this that we'll dig into over the next few slides, but I just wanna put this out here at the beginning and level set that there is definitely a big opportunity in the first year of the competition. So we're glad that you're on this webinar to kind of get started working on that because you will have to start building something immediately. It's not just about ideas and XPRIZE is really about demonstrating, improving that something works. So that's what we're here for today. I think the next slide might hand over to Mike. Hi everyone, good morning. And thank you for taking the time out of your days and staying up late and getting up early wherever you are in the world to be with us today. So one of the notable things about this project is that it's really open to a vast scope of solutions. Really anything that you can imagine that removes carbon from the environment and sequesters it durably is in scope. We've been talking about the carbon dioxide removal in terms of these four tracks, air, ocean, land and rocks, but we're really open to anything that you can imagine including combinations of these four or other tracks or things that you can think of to durably remove carbon dioxide from the environment. So when you register for the competition, you're asked sort of what track do you belong in? And that's really just for us to try and help understand where you all are coming from. And one of the most important parts is that everybody's competing with everybody else. We don't have formal lanes that you're competing in here. So everyone is welcome and really the only requirement is that your solution is carbon negative and that you remove carbon dioxide durably. I'll just add, please ask questions in the Q&A box and we will try to answer them all as we go here. So part of what we do here, Nikki mentioned we run the competition, that's sort of our day jobs, but we also use these competitions to try and leverage impact in other ways. And we do that through some formal programming. Two of the programs we'd like to highlight here are the Circular Carbon Network and the Launch Pad Accelerator through Air Miners and Creative Destruction Labs. The Circular Carbon Network is a network that we launched for the Carbon X Prize a few years back. And it's really for trying to match carbon tech providers, technology providers with carbon tech funding and investing. So this is something we'd encourage you to check out and register on as you seek funding for your carbon dioxide removal solutions. And the Launch Pad Accelerator is something we're really excited about. It was just launched in April and it is a formal accelerator program to help catalyze and promote the development of carbon dioxide removal startups. And so this is something that's available for everybody registered in the X Prize Carbon Removal. And we'd encourage you to check out Air Miners and get in on that program. Okay, so I think this is what we're here for, how to compete. There's the first step is you need to register for the competition. And this is something that my colleague Rupa is gonna walk through in a few minutes. This is like the first administrative point of entry and based on some of the comments I've been seeing in the chat, a lot of you here have registered already. Now, like Nikki mentioned, we have a few different prize payments happening. The first is the student awards, the second is the milestone awards and the third is the grand prize, you know, the big money. And one point I just wanna make very clear is you only need to register once. If you're eligible, otherwise eligible for any or all of those awards, you only need to register once, but there is a specific registration deadline that you have to register by in order to be eligible for each competition phase. So the next thing is, you know, we get questions. Oh, sorry, Rupa, you can go back. We get a lot of questions about, okay, you know, I've registered, now what do I do? Well, you start developing your solutions. We're really not gonna tell you what to do or how to do it. It's really up to each team to build and operate and fundraise and do all the things that you need to do, build a team and hire staff and buy equipment, whatever you need to do. It's really up to each team to make a plan and mobilize their carbon dioxide removal project. In order to be eligible for the milestone awards, the $1 million milestone awards that we'll be awarding early next year, you have to demonstrate a key component of your carbon removal solution. We don't require it to be at any particular scale, but we need to be able to have confidence that it works. And so there is a demonstration requirement for the milestone money. And so it is really important that everybody who wants to be eligible for that money, get to work and start building your demonstrations and get to work. For the grand prizes, we wanna see a fully operational carbon removal solution. We wanna see it at a scale of 1,000 tons per year. And there's a few other criteria that we'll talk about that will be used in the selection of the winner. We are going to provide templates for the technical submissions for each stage of the competition. They're not available yet, but we will be providing them well in advance of each deadline. So really, I think the message here is focus on developing those solutions, read the guidelines, if you haven't read the guidelines already, and stay tuned and we will be communicating out the requirements for those technical submissions over this summer. Next slide, Rupa. So there are three main requirements for competing in XPRIZ carbon removal. The first is build and run a working demonstration. This is actually the most important aspect of competing in really any XPRIZ. And XPRIZ carbon removal is no exception. We wanna see working demos. Now, depending on the phase of the program, the demos are, you know, the expectations for the demo are a little bit different. For the student awards, we don't require a demo. We only require a proposal that demonstrates merit. Phase one, the milestone round of the competition, we require a proof of concept demo. So we really wanna see a working demonstration of the key phenomenon that will remove carbon dioxide from the environment and evidence that you can do it in a net negative and durable way. And then finally, for the grand prizes, we wanna see a fully working, fully operational demonstration that's actually removing carbon and actually sequestering it and actually starting to draw down carbon dioxide out of the atmosphere. The second thing we want you to do is calculate the fully considered cost of your solution in dollars per ton of carbon at a scale of one megaton per year. So what this means is we would like to see a projection of what the cost will be for a megaton scale project. The reason we're asking for projections and the reason we're asking for megaton scale projections is because we want the judges to consider the cost basis for these technologies at a reasonably large scale, you know? And one megaton is a very, it's large, but it's still kind of, you know, it's almost, it's large enough that we get a true reflection of the cost, but it's not so large that it's really kind of an abstract thing. So we are gonna wanna see teams sort of paint a picture for what those solutions look like at a megaton scale and what the cost will be. And then finally, we want teams to make a case for how their technologies or how their techniques will scale to and beyond a gigaton scale, because that's really what we need to get to as humanity here is many solutions operating at that gigaton scale. So we wanna sort of make sure that eligible solutions are truly scalable. You'll be evaluated on three things. And, you know, these things kind of, these three evaluation criteria map very closely onto the demonstration or the demonstration requirements that I just described, you'll be graded on your operational performance, you'll be graded on the fully considered cost, and you'll be graded on the sustainable, the sustainability and the scalability of your carbon dioxide removal solutions. So again, you know, these three are described in more detail in the prize guidelines. And if you haven't already, I'd encourage you to download those guidelines and take a look and read through the evaluation criteria in a bit more detail. And like I said before, we'll be releasing more information regarding the specific details of the submission, the technical requirements for those submissions in the coming months. Once you submit these technical submissions, your submissions will be put to a panel of expert judges. So the XPRIZE team really doesn't make the decision in terms of who gets the award. We have a panel of impartial expert judges who make these decisions. And they do it by following this kind of flow. You know, they ask, are the operational requirements met? Yes or no? Are the solutions sustainable? Yes or no? Eligible solutions will be ranked by cost and scale and then the award decision will be made. So where the rubber hits the road is really on the schedule, right? And so like Nikki said, we have a few different rounds of competition. I just wanted to point out a few of our key submission dates. On October 1st, we'll be accepting proposals from student teams. And we'll talk about the student teams in a moment. And we actually have $5 million available for student teams to help fund proposals by those teams. Those submissions are due October 1st. Submissions for the milestone awards of $1 million, we're giving away 15 of those awards. Those submissions will be due on February 1st, 2022. And like I said before, you do have to have your demonstration up and running, your demonstration of the key component, I should say, up and running, but certainly by that time. And there's gonna be a technical proposal that is due on February 1st. And that includes information about what you've demonstrated as well as your proposal for how you're gonna build that out in the finals, as well as your cost model and some rationale about the sustainability. Then we kind of take a step back for a couple of years. Rupa, you can go back. So our next deadline actually isn't until February of 2024. And that gap in time, those two years is when teams are really gonna be building out their solutions. And by February 1st, 2024, we wanna see evidence of a fully operational demonstration. We will be soliciting applications at that time for a site visit, at which point we'll send our verification teams to check out the teams who are demonstrating at that time. And on successful completion of a site visit, you'll be invited to submit for consideration for the grand prize in February of 2025. Okay, so let's talk about the student competition for a moment. So this is a really interesting program. And one of our objectives in the X-Prize Carbon Removal was to, one, drive some funding into early stage ideas, but two, ensure that the competition is accessible to young people. We really wanna try and inspire them in the next generation of innovators. We have a total of $5 million in awards that we're gonna be granting this fall. 3 million of that will go to student teams who are competing in the competition. So for student teams who intend to submit to the milestone round and the grand prize round and actually build out a carbon dioxide removal project, we're granting up to $250,000 per team for those teams. And we have $2 million allocated to proposals to develop technologies that contribute to the measurement reporting and verification of CDR technologies. So teams who are seeking awards for this sort of category don't necessarily have to demonstrate removal of carbon dioxide, but you sort of contribute to the CDR community in a significant way. And we'll be making awards of up to $100,000 for those teams. The eligibility for students is, again, this is all defined in the prize guidelines. So please download those guidelines and take a look because all of these specific things are laid out in very clear detail there. Student teams can be formed out of existing research groups, student clubs, or they could be independently incorporated. We really don't have any requirement that student teams are sort of formally part of any particular academic institution, but student teams must be student led and composed of at least 50% students. So we get a lot of questions from people saying, well, you know, I'm not a student, but can I start a student team? And the answer is yes, if you have student leaders and you have at least half of students on your team, then you're eligible for the student awards. We also define students as being 35 or younger and enrolled in an educational institution for this academic year or recently graduated. So again, we are focusing on younger people and we're focusing on folks who are pursuing their education or recently graduated. We require you to identify an academic advisor or business leader who will act as a mentor to the team. So again, we don't necessarily require student teams to be like within the university or I should say the school, the institution, but we do want to see teams have an academic or business advisor and we do wanna see a letter of support from an institution. So just kind of to acknowledge that your institution sort of knows what's going on. The awards will be made to the most impactful proposals and no working demonstration is required at the time of submission. So unlike the milestone and grand prize rounds of the competition, the student awards will not, do not necessarily have to have a working demonstration at the time of the submission. I think it's fair to say that it would help if you had a demonstration, but it's not required. Your proposals will be judged based on the merit of the proposal rather than the quality of a demonstration. Like I said, we have panels of expert third party judges who are gonna review the proposals and make those award decisions in late 2021 and these proposals are due on October 1st. So if you are a student or you have a bunch of friends who are students and you wanna put together a proposal for this, we'd love to see you register and form a team and submit to the student award application. You can register at xprize.org slash car removal. That's also where you can find the guidelines. I mentioned this a couple of times. Please download the guidelines. It's a pretty long document, but I think it's pretty succinct and pretty readable. And it's really important that you read the whole thing top to bottom and understand all of the competition requirements because that's really what's gonna help you win. Okay, I think I'm gonna pass it off to Rupa who's gonna talk about registration. Okay, hi everyone. I'm gonna try to run through these slides pretty quickly because I wanna make sure we leave plenty of time for questions. So the press operations platform is where everything happens on this prize. It's the main hub for all, actually all xprize operations, but also of course, this prize. So what can you do on this platform? This is where you register. This is where you create your team profile. This is where you add team members, where you sign the competitor agreement, where you pay the fee. And as well as, you know, search for new team members that you'd like to join your team or vice versa. So the way that you get to the pop platform is from the main page, the prize xprize carbon removal, you can click the register now button. And once you're in, you can go to login up in the right corner. Another way you can get there is also just going to pop.xprize.org. What you're gonna do here is set up an account. Once you set up the account, you'll get a registration email to confirm your account and your registration. It'll look like this. And then you confirm your registration. Once you're in, you're gonna be creating a user profile. This is just a user profile to access the prize operations platform. It's different from your team profile. This is just the first step. So this is where you just fill out some basic information about yourself, as well as selecting where it says interests at the bottom, which prizes you're interested in. In this case, you would click on xprize carbon removal. So once you do that, you'll be able to log in and be in the prize operations platform. You'll find the prize xprize carbon removal and click create a team. Once you've created a team, you'll have access to a dashboard that's going to have everything that you entered for your team profile. And you'll see your activities, which is everything that you need to do, every activity that's open at this time. This is also where you'll see submissions once we open them. This is how you're gonna upload your submission as well. But right now, what's in the activities folder is the competitor agreement and completing registration, as well as being able to pay. So once you click the first step, the first activity, that is completing registration and paying the fee. You'll be answering questions that start with, which area you're focused in, your team name, whether you're a student, all of that, a description of your project. And I'm gonna just stop right here and say, you are not gonna be scored or evaluated on anything you enter right here. This is just to gather information about you as teams and as well as this is what's going to be showing up on your profile as well. The next step after you pay and create your team profile, you would sign the competitors agreement. This is going to be via DocuSign. And once you're in the prize operations platform, if you have any technical issues, please email popsupportatxprice.org. So real quick, I wanna talk about team matchmaking. A lot of you have been individuals reaching out saying, I have ideas, I have skills, but I don't have a team. So what you can do is create the user profile in pop. You don't have to be a fully registered team to be able to search for teams. But the matchmaking allows you to search for teams looking for additional members, contact that team to indicate your interest in joining them and you can apply to join the team. The way you do that is in your dashboard, you go to teams and you can enter, make sure you filter by prize, make sure you select carbon removal. Say you have skills in material science, chemical engineering and you're looking to join a registered team. What comes up after you click search are all the teams that are currently looking for those skill sets among the teams that are fully registered. So let's say one of the teams is this team C negative. You would go to apply to team and this isn't a formal application, it's really just a message that will be sent to the team lead. So here you wanna include your email address, your name, any other relevant information you'd like to provide the team lead. And once you do that, the team lead will be sent a message saying so and so has wanted wanting to get in touch. And then the team lead will be directed back to pop to view your message. This is a schedule of the competition milestones. This is also in the guidelines. So just wanting to put that again here. We are currently in the team registration period. We've just wrapped up the prize guideline comment period. We'll be publishing a new version of the guidelines soon. And the next big deadline is the student deadline, the student awards submission deadline. Okay, and then how to contact us. So for substance and questions about the competition, if you have questions about scope or anything in the guidelines, for example, please send those to carbonremovallatxprize.org. If you're having tech support issues once you're in the prize operations platform, our tech team can help you with those and that's popsupportatxprize.org. Also, when you're in pop, you'll see this question mark on every page on the bottom right-hand corner that will also take you to tech support or pop support. Okay, so let's get into our live Q&A. All right, it's great to see so many questions coming in. Thank you so much for your engagement. I'm just gonna start answering a few and I know Nikki has been answering quite a few questions in the Q&A as well. So you can read through her answers, but we've got a few good questions that I thought I would answer in person. So Assal asks, how should the final design for this competition be presented? Is the article enough? So I wanna be clear on this point. We require a working demonstration in order to be eligible for the milestone award and for the grand prize award. We will require you to provide evidence of this working demonstration through a written submission that you'll submit in advance of the deadlines that we've been talking about this morning. So you are gonna have to sort of describe your solution in detail and provide some technical information and provide some data to show that it works. And there's a verification requirement that we do for each round of the competition and all this stuff is outlined in the guidelines. So I just wanna emphasize, go to our website and download the guidelines and take a read. But a working demonstration is a core requirement of the competition and will be a requirement for winning any of the prize money. So thanks for your question. The next question is from Bruno Beale. Bruno asks, is there already an idea of how much carbon removal at gigaton scale should cost? That's a great question. I think the answer is no. There's a lot of speculation, a lot of discussion in the world right now about what the cost of CDR is gonna be at scale. And we don't have, for this competition, we don't have a requirement. There's not like a criteria that you have to be cheaper than a certain dollar amount or, you know, so having said that, the cost of the final solutions is a major factor in the, that the judges will consider when awarding the prize. So we really do wanna, we really hope to see a lot of teams demonstrate technologies that really start to drive down the cost of carbon removal. And that's one of our key objectives with this competition. Nikki Rupa, do you guys have anything to add? So we answered Bruno's question. I'm just looking here. Yeah, I'm just scrolling. Let's see. Here's one from David. David asks, can we return the carbon and oxygen to their elemental base or alternatively make hydrocarbons from the carbon in CO2 and release the O2 back into the atmosphere? The answer is yes, but we require solutions to demonstrate durable CO2 sequestration. So if you are producing a hydrocarbon that will then be burned, the CO2 will return to the atmosphere and that's not considered durable. So it really depends on what the final form of that carbon is, but fundamentally that the notion of converting the CO2 chemically to, you know, a different elemental form is fundamentally what we're all about here. So yes, but make sure that your solution results in durable carbon dioxide sequestration. Okay. The question from Assal. Thank you for this opportunity to answer questions. My question is, how should the final design for this competition be presented? Is the article enough? Thanks again. Yeah. So I think, I think I answered this before, but it's a point that's worth emphasizing that you need a demonstration. Right? We can't, we can't just, we, teams who present a carbon dioxide solutions that are only theoretical in nature or haven't actually been demonstrated and actually, or not actually working at the time of the submission will not be considered for an award. So you actually do need to build and operate a working CDR solution in order to be eligible for the, for the award. Okay. Just do a quick call out from Andrew, who highly recommended the air miners boot camp for a week course. So that's a great resource to people who are just getting into the carbon removal space. And, you know, you can sign up for that. I think it's just getting started. And you'll learn a lot. It's a good overview of the landscape. Air miners in general is also a great online community to join. It's a Slack community, but there are many resources including job opportunities, funding resources, and, you know, new research and all of the different fields that are coming out. And people are posting and having discussions about. So if you are not on air miners, we highly recommend it. And then we mentioned this briefly, but we also just partnered with them to launch the new air miners launch page. Accelerator, which is also in collaboration with creative destruction labs. So if you do have an idea, you are starting a team or starting a new carbon removal business. We highly recommend joining that as a way to kind of get started. The first cohort kicked off last week, but they're going to run a six week cohort every quarter. So definitely time to get in on the next one. So I just wanted to make a quick shout out to that since I saw it come up in here. Aldo asks, is ton metric or Imperial ton by weight? Just to be clear. Of the initial CO2 gas. This, this is a great question. It's an easy answer. When we say ton, we mean metric ton of CO2. That's what we're talking about metric ton of CO2. I think we say that in the guidelines, but, but, but, you know, everyone talks about tons and, and, you know, that's a really good, good point worth clarifying. Metric ton of CO2. So there's a question from Andrew. I see that you say a demonstration that works at a rate of a thousand tons of year. Does that mean you want to see a thousand tons of CO2 removed and sequestered over the course of the fourth year? Yeah. The answer is both. Yeah. The best way to demonstrate that you have a rate of a thousand tons of CO2. Is by removing a thousand tons in a year. That's, that's the goal. That's the benchmark. And that's what we want to see everyone shooting for. Okay. See a question from Einstein. Hello. The demo can be very costly as it involves a number of technological components. How can an individual implement the demo for the. Kilotine per scale on time without access to budget? Yeah, that's a really great question. And I'd love Nikki to weigh in on this as well. We understand that these demonstrations are costly to build and run. And, but fundamentally, it is up to each team to raise the funds and, and operate the, the demonstration in accordance with the government. And so we definitely respect that each of the teams is going to be half to, is going to have to fundraise. And we have programming to help support some of that fundraising. Nikki, do you want to just describe a little bit more about that? Yeah. So the model of an X prize is that the money is awarded at the end. So it pays for kind of the results of the demonstration. That said, we know it's very challenging to get the capital to get moving initially. So we kind of built into this program, more capital to be deployed up front. So there's two opportunities to apply for funding before the grand prizes are awarded. The first is the $5 million available for student teams. So if you are a student team, you can compete and come and apply to be eligible for the awards. This will be up to $200 million. Each which is some good seed capital to get you started for kind of the prototype stage of the demonstration for the first submission. So that is available this fall. The submission deadline is October 1st. The next pool of money is the $15 million milestone awards that will be awarded next April. The submission deadline for that is February 1st, 2020. So make sure you apply for both of those funding opportunities. Those are unusual for X prize to be awarding kind of that much money early on, but we know that promising demonstrations need funding support. Beyond that, we are basically trying to encourage folks to participate in other accelerator and funding programs such as Airminers Launchpad and Creative Destruction Labs. Other things that are out there, you can apply for many different clean tech accelerators and try and get early stage funding to support your initial ideas and concepts. The circular carbon network that we mentioned briefly is another resource there. So we have developed a deal hub. If you want to have your kind of deal funding deal listed and sent out to investors in the future, that's something that we do through the circular carbon network. So you just have to make sure that you sign up on that website to have your company listed in the innovator index. And then there's an opportunity to submit your deal to be featured. So that's something that is an X prize initiative that we've been cultivating investors in the space to be interested in carbon deal flow. So that's another quick resource. So that's another quick resource. But we'll continue to share opportunities as they become available. There's also a lot of funding coming out of ARPA E and the Department of Energy and other grant programs in Canada. So we'll try and compile resources for funding opportunities for teams in one of our upcoming newsletters. So we're sending newsletters now out to all of the interested teams, fully registered teams, partially registered teams every two weeks. With important information about the competition, what it means to compete, why you should compete, trying to help with frequently asked questions and funding opportunities. A great addition to that. So we'll try and get those in the newsletter as well. And I just want to add a note. Please read the newsletters and please read the emails you received from us. As you know, there's been a lot of interest in this prize. We get a huge volume of messages and requests. So that's sort of our way of sharing information as we have it with you every couple of weeks. It's really important that you make sure you read them carefully. The next question is from Aldo. Not sure. Did we answer this one? Who will audit the estimated costs from phase one? How will you ensure the estimates are valid? Yeah, there's a couple of questions about. About verification in here. And so that's a very good question. So for phase one, the verification is the responsibility of each team. We've written this into the guidelines. So again, read the guidelines if you, if you haven't already. We require an independent, competent third party. To, to sort of, you know, basically. Give the stamp of approval that the, that the demonstration is, is actually working. We have not published specific details about exactly how that works yet. And we are going to be publishing those guidelines over the summer. So stay tuned. The answer is no. Yes, your technologies need to be verified. And, and, and we'll be releasing more information about how exactly that works. The second part of my answer is that the final arbiter of the award decisions is the expert judges. And these judges are experts across the field of CDR. From, you know, all the different forms of carbon dioxide removal, as well as experts in, in, you know, different. You know, things like life cycle analysis and economics. We have not announced who the judges are yet, but those are the folks who are going to be looking at the submissions and, and really interrogating them and making sure that they're going to be able to do that. So, so the objective for each team is really to make sure that you present a very, very strong case to the judges so that they feel like, oh yeah, this team has a, has a really good working solution. So thanks for the question. Yeah, the next question is from Ginger Watkins. Does the demonstration of the key component need to be third party therapy? Yeah, so that's the same, the same answer. The answer is yes, it needs to be verified. We have some information in the guidelines right now and more information to follow. Okay. Question from Darren. Will there be more information about the insurance requirements? Does X prize have any recommended insurance providers who are familiar with ensuring an X prize team? Thank you. Do you want to take that one? Yeah, so the insurance requirements are outlined in the competitor. So make sure you read the detail in that as you're signing the document to join the competition. So we do require the all teams competing show proof of insurance and the details about the general liability planner included in there, which should be pretty accessible to most people. If you are struggling and want to discuss that further with us, you can send us a note at the carbon removal at X prize. Or email address and we can chat more about it. Yeah. And we won't be collecting a verifying insurance now. We will be doing that. We'll be asking you to submit sort of proof of insurance. During the first submission deadline. Once that's open. On insurance, the expectation is that you should obtain your insurance coverage as soon as you start and you start getting your insurance. So you should be able to obtain your insurance coverage as soon as you start any of the competition activities related to operating equipment, anything that there might be a liability related with. So we will not be collecting it until February 1st, but as soon as you start operating equipment, building things in the lab, anything that there could be an accident with, you should really ensure that your, your coverage is set up at that point. So. Yeah. So. You're working in the carbon X, in the carbon removal X prize should be covered. Okay. Question from. That's another insurance question. Are they, is the insurance required all the same regardless of different levels of risks for the teams? Yes. Yeah, we have a basic level of general liability that we have covered in excess of that minimum. That's really up to you. As long as you meet the minimum defined by X prize is, is, you know, all you need to be eligible. As far as we're concerned. Let's see. I think there's a question about what evidence. Yeah. So what evidence do we need to provide with the proposal? So the proposals will include. Written components and, and requirements to upload documents to demonstrate the various aspects of the competition that I outlined in my presentation. If you look at the guidelines document, it describes those requirements in detail and the proposal. The proposal documentation is going to be really oriented around that. We have not released the proposal. There were the submission templates yet. Again, that's going to come later this summer. And that'll, that'll describe in very explicit detail exactly what you need to upload in order to be considered for an award. And those submissions will be uploaded to the prize operations platform website. So the same place you go to register. And it's the same place you'll be uploading those submissions. Okay. Somebody asks, can you please elaborate about the official signatory for the student teams? Okay. We'll try to answer this. I mean, we've described this in the guidelines and. I, What the guidelines say is, is you need to have a letter of support from an academic institution and, and we really leave it at that. It's not, it's not any more complicated than that. If you can find an administrator at your organization or at your institution who can write a letter of support, then that requirement is covered. Harry, a question from Jeffrey. How are you going to do a working demonstration to remove CO2 for a period of hundreds to thousands of years by February 2022? Yeah, that's a great question. So what we want to see is teams make a plausible case that the CO2 is going to be durably sequestered for 100 years and present a plan to ensure, with the outlines, any activities that have to be undertaken either to ensure that the CO2 stays durably sequestered or to monitor and verify that the CO2 stays sequestered. And we want to see those activities reflected in your cost model as well. So obviously we can't, we're not going to wait 100 years to pay out the prize, but we want to make sure that there's, you know, we want to make sure that there's a legitimate case that the sequestered CO2 will be durably sequestered for at least 100 years. All right, Aldo asks, will you notify teams if any change the guidelines in terms of the contest are made after signing? Have any changes been made since April 27th? So the guidelines that are currently available on our website were launched back in April and they were open for public comment. And we have collected all those comments and we are actually going to be issuing a revised version of the guidelines in a few weeks. Nikki, can you remind me what date that is? Yes, I believe it's June 22nd that the new guidelines will be posted, but we will be sending them out in the email newsletter as well. So, you know, keep an eye out for that too. So our, we don't intend on making a lot of changes and, you know, changes to the guidelines are something we take very seriously, but we are going to be issuing this revision towards the end of June in response to public comments. And we are going to be issuing these technical guidelines regarding the submission and stuff throughout the summer. So definitely keep an eye on our emails and keep an eye on our website and we will be actively communicating out any changes that occur over the coming months. We received a handful of questions and clarifications just about kind of upcoming deadlines and steps. So I just want to reiterate to everyone that the important things to be doing right now are one, make sure you register in the competition. Go to the main website, you can access the registration portal there. You need to create your team profile, pay the registration fee, and sign the competitor agreement. That will mean you are officially registered as a team to compete in the competition. The deadline to have your registration complete is December 1 of this year. And as Rupa mentioned, everything submitted in the registration process is just informational. It's not used for your evaluation. So no, no reason to hesitate on making sure you're registered. Go ahead and do that. Your information can change. You can update it later. But December 1 is the deadline to be a fully registered team in the competition. And then the submission deadline for all of the teams to be considered for the $15 million milestone awards is February 1, 2022. That $15 million will be awarded on Earth Day of next year, 2022. The only thing to think about is if you're a student team, there are some earlier deadlines. So if you want to be considered for the $5 million in student awards, you need to make sure that you register and submit by October 1 of this year. So this fall in a couple of months, the student deadline is there and we will be awarding that $5 million sometime in November. So that's the only reason you need to get on board earlier with your submission information as if you're trying to apply for the student money. So I just wanted to reiterate that I've answered that question a couple of times for folks. A student team can continue throughout the whole competition. That money is just an extra bonus for students to give them some seed funding to get them started. But the student teams will then be competing in the main competition with all of the rest of the teams and they have to meet all of the same criteria. So some people have asked how you transition from a student team into the competition. You will just move right along and you will continue with all of the other deadlines in the competition after that kind of student phase up front. This also applies to people who have been asking about if there's a separate registration process for the milestone award and no it's the same registration process. There's going to be a deadline, a submission deadline for the milestone but not, it's not a separate registration process if you register for the prize or the student competition you're already, you're good to go. Okay, ginger, referring to the cost of this cost section of the guidelines as they are being updated. What is your current thinking about how avoided CO2 emissions? Such a, oops, where'd it go? Just disappeared. What's your thinking about avoided CO2 emissions? Will they be given a specific dollar value even if it's assigned a very low dollar value? This would be helpful to support teams as they work to develop their solutions. Yeah, great question. So the subject of avoided emissions versus carbon removal comes up quite a bit. We've tried to explain this in the guidelines. Definitely, the competition is really focused on CO2 removal, not offsets or avoided emissions. However, we are giving each team an opportunity to make a case to the judges, any co-benefits or other value proposition that is offered by these CDR projects in addition to the removed carbon and avoided carbon is a part of that. And so we definitely want to highlight the avoided emissions as a part of your value proposition, but the priority is actual carbon dioxide removal and demonstrating real net negative solutions. Okay, question from Christopher. We've had issues with testing laboratories where the results are above outstanding. However, in the case of Argonne lab, they tested it and said it was beyond explanation a week later claimed it didn't work. How are we supposed to get proper testing? Right. Well, there's, there's, I'm not entirely sure how to answer that question. I think it's up to each team to devise a strategy for building operating and testing their equipment. I think we would encourage each team to be very careful about asserting ownership over their intellectual property and, you know, getting patents were needed and keeping trade secrets were needed in order to maintain, you know, the confidence of your technologies. And we'll make sure all of XPRIZE is set up to ensure that the technical details of competing teams are held in confidence. We have very strong nondisclosure agreements with everybody involved, including not just the staff members but also the judges and any third party verifiers that we employ over the course of the competition. And so we take confidentiality of team submissions and team technologies very seriously. This is also something you can look at the competitor agreements about we define intellectual property and confidentiality and nondisclosure in, you know, in all of its legalistic glory in that document. So take a look at that. I have a question from Kersh for either the milestone demo or the one kiloton per year demo. Are we expected to reach out to third parties for carbon removal verification ourselves and put the bill can XPRIZE provide any consulting or funding for this. So for the milestone round, it is up to the teams to secure their own verification in the final round of the competition. If you are selected for a site visit XPRIZE will put will put the bill for the verification will send a verification team to your site to to conduct the verification so. So the short answer is, it's on the teams in the first round, and it's on XPRIZE in the second round. Precision and detail required in the final budget of the final submission. Yeah, that's a that's a great question I mean I think the level of we precision and uncertainty is something that we take very seriously and, frankly, that is an area of where where where you might have a competitive advantage or a competitive disadvantage and so we encourage all of the team to try to measure the certainty in there in their cost estimates and provide really strong evidence that the that the cost estimates are, you know, both are legitimate and measurable and well defined. Take a look at the guidelines and stay tuned for the technical details will be releasing over the summer, which will address that in a little bit more detail. So Keith asked about liability insurance requirements. That is defined in the competitor agreement and there's no distinction between insurance requirements for student teams versus individuals versus other kinds of teams so you know we we require each team to carry general liability insurance and that requirement is is the same for anybody registered in the competition. So I have a suggestion to the group that Hartford is a company that offers liability insurance so just mentioning that to the team. A question from on a rock, I am creating a new sole proprietorship under my parents, my school is not much is not active because of coven so can my student team be eligible to receive the prize on my current account of soul proprietorship. The answer is yes. The answer is yes if you're participating as an individual. If you have other team members that you're working with, you will need to register a legal entity to that that your team will operate under and so that that could, you know that that needs to be said, you know, it depends on the jurisdiction you live in I suppose but you know in the United States it would be a registered corporation is what you'd be required to register if you're operating as a team. Like I said if you're operating as an individual, then a sole proprietorship is sufficient. The other clarification there though is that you do not have to be registered through your school to compete in the student competition. You can, you know, have a separate company a sole proprietorship whatever the legal entity is that you want you just have to show your eligible as a student for our eligibility requirements but that doesn't mean that it has to be connected to a university, for example. Yeah, that's your choice. Okay. Okay mark asks how do you verify that the device prototype is actually working as presented and indicated in the technical report. In the in the final round of the competition for the grand prize for the big bucks, we are actually going to be conducting on site in person site visits to ensure that the technology is working and sort of do our due diligence around it. Not for the milestone round of the competition phase one we call out of the competition. We are not going to be doing in person verification but we do require certification of your demonstration by a third party. And we are going to require evidence of an operating demonstration so that means could include photos video data sets, you know, another information that gives an idea of the, not only the existence but the performance of your technology. I'm going to skip to Peter Judson. What a video demonstration of a running solution in combination with a written submission be an advantage or is that is that possible to upload. Yeah, I think we'd like to encourage videos as part of the submission. Like I said we haven't released the submission guidance, everything's going to be uploaded through the prize operations platform. And, and we'll give you the opportunity to submit photos and video in addition to the sort of the technical detail of the written aspects of the competition. Okay, one question about kind of what format to upload things in so the actual submission templates are not live yet so those will be coming soon in a couple of months we will have a submission template for the student submission on October 1. And another submission template for the main submission for teams that will be live before the February 1 submission deadline, and it will be a mix of form entry questions that you just respond and free text fields as well as PDF uploads and spaces to upload videos as Mike mentioned so it'll be a combination of different files that you can put into your submission that way. Mike I think there's still a handful of technical questions if you just want to like burn through some of these down from the top. Yeah, absolutely. I think I answered the one from Mark already about how do you verify the device prototype is actually working. And of course, the submission is going to be designed such that you can upload evidence of the working very prototype photos video data, so on and so forth, as well as certification from a, from a verifier of your choosing. The competition is going to be all of that, plus the in person site visit that X prize will will facilitate and and in fact pay for. So we're going to cover the cost of verification, leading up to the grand grand prize selection. So thanks for the question mark. Thomas Fargo sent some questions and I'm going to have to follow up with Thomas after the fact so Thomas if you're listening will will follow up with you after the fact thanks. Okay. Einstein asked is it 2.5 gigaton for 2030 or six gigaton for 2030 and 10 gigaton for 2050. Okay, so the targets in terms of the gigaton targets, we are really not relevant to the teams submissions. We want teams to make a case that their technologies can scale to and and beyond a gigaton. We don't specify on what time scale, and we don't specify what level beyond a gigaton. So don't worry too much about that those numbers that 2.5 the six gigaton that 10 gigaton. Those are really global targets that policy leaders are discussing and and and that's what forms the inspiration for this prize. He asks is a prototype enough for a working proof of proof of working concept. The answer is yes that may be enough for the milestone round there's no, there's no scale requirement to be eligible for consideration for a one of the $1 million milestone awards, but there is a scale requirement for the grand prize and we want to see teams demonstrating technologies at a scale of at least 1000 tons of removal per year so prototype wouldn't would not be enough for the grand prize. Thanks for the question. Well, let's see here, in case of natural methods of removal of carbon dioxide how you measure the effectiveness of the method. That's a great question. It's really up to each team to to make their case for natural solutions in particular. I'm sure that teams are providing evidence that the rate of removal or the CO2 flux is measurable, and that the durability can be guaranteed over over the long term so we're not going to tell you exactly how to establish that but but you know the teams ability to convince the judges that that their claims are legitimate is is is really what the competition is going to be what the award decision is going to be decided on. If we start to noticeably alter the environment won't the government get involved. Well, that's an interesting question. I think that each team operate within the laws of the jurisdiction that they're operating in, and it's really up to each team to secure any permits or any permission from local authorities to operate their CDR solutions. So, so definitely keep that in mind as you're making your plans permits can take a long time to get, and it really depends on the jurisdiction you're in. So we can't give you any advice on how you need to do that but you definitely need to take that into consideration. As you as you plan your submission. Okay, Kavish asks is demonstration required for students in order in order to be eligible for a student award, you do not need to have a working demonstration, but you will be the awards will be granted on the basis of their likely impact, and in fact on the likelihood to to actually, you know, follow through on on the project that they're seeking funding for so you don't have to have a demonstration working at the time of submission, although it would help your case if you did. It's not a strict requirement, but but we do want to have confidence that your team is serious about about mobilizing whatever is in your proposal to compete in the competition. And Zoltan asks is the final solution. Must be a single process or can it be a combination of several processes. The answer is it can be a combination of several processes we do not have any requirement for things to be sort of consolidated, but we do want to see the full system and we really want to see the full end to end, you know, capture and processing and sequestration of CO2, and at least for the for the finals we want to see that as a as a uniform system so we want to we want to basically be able to follow those CO2 molecules as they go from the end to their final sequestered form, and we don't care how many steps or how many sub processes or how you need to break it down. That's that's really up for each up to each team to to define. Yes, if Demani asked I'm a recent graduate. My innovation is something I came up with during school but now I'm going independent as a graduate will I still be considered for student submission. I think the answer is yes the student submissions are open to both recent graduates and graduates and current school students. These look at the guidelines and the eligibility criteria for student teams is spelled out in detail there. And as for the simulation of the process also include economic efficiency, I think the answer is yes. Take a look at the guidelines. Again, you know we want to see the cost estimate and so obviously that you know includes a number of economic considerations and assumptions. So I think the answer is yes. For calculations, I think you wanted to submit standard metrics for capturing of stone trees, etc. When will this be released. Yeah, so this is something we're working on right now and we will be releasing these guidelines over over the summer so definitely stay tuned watch your email box. If you haven't already please register and that's the best way to keep in touch with us. I'm seeing more questions that I feel like I've answered already like, for example, you know, can the solution be a multi step process that provides replacement technologies to include achieve zero missions with a fall one step to produce negative carbon capture I think the answer is yes. Our only requirement is that the solution needs to be net negative carbon capture to create all the grave basis and inclusive all the steps in your process. And beyond that we don't really, we don't really mind how you do it. So, so I think that answers that question. A question about the clarifying the when I say the scale of the project will be a point for the judges what exactly do you mean. I can't speak for the judges because the judges are the ones who are making the decision and the how we consider the scale is is written into the guidelines for the grand prize we'd like to see teams demonstrate at least 1000 tons per year. And for the milestone competition, there is no scale requirement, but, but scale will be considered by the judges as they, you know, alongside all of the other data as they as they make their award decisions so I think that's as much as I can say for now. So, you know, stay tuned. Read the guidelines first if you haven't and we'll be releasing more information on the technical submissions this summer. This is actually, this is a good question David asked CO2 is an oxide gas most prolifically produced in internal combustion engines so question that occurred to me is are there plants sequester any of the other oxide gases, also produced in internal combustion engines. This competition focuses on carbon dioxide. So folks have asked us, you know, what about methane what about nitrous oxides what about sulfur oxides. The answer is, all of those other oxides or other greenhouse gases would be considered as a co benefit alongside the CO2 so our primary focus is the carbon dioxide. Our solution also mitigates other GHGs greenhouse gases. We would love you to include that in your submission and, and, you know, list that as a co benefit of the of the process. If the cost of an energy system which includes intrinsically negative CO2 emissions results in a profit that is considered is that considered zero cost for sequestration this is very desirable. That's a really great question. So, when we say cost, we want to see just the cost, just the cost side of the ledger. But we also want to see any kind of value that your solution generates, we're going to put both of those numbers to the judges and teams that can make a case that, you know, either they're minimizing their cost, or they're generating lots of revenues or profits, those are both really attractive solutions so we don't have a requirement for teams to generate revenue but we definitely want to, we definitely want teams to to make that case and demonstrate how their technologies can be economically viable, in addition to, you know, managing the costs. So I hope that answers your question, Earl. I think the answer is, is, yes, but, but we want to see the breakdown of the numbers. Einstein asks, in our case, the project is a process, not a device. This is a really important point. Processes are fine you don't have to like build a machine to be eligible for the, for the awards processes are fine, but we want to see you operate them as a project so. So, the, the, the answer is, yes, the processes are eligible, but you need to, you need to be able to provide a physical demonstration of that pro of that process so you have to actually operationalize a project and show the removal of CO2. That's really important. We're doing on time guys. What's our. We're at 1030. So we've gone, gone 30 minutes over but I know that our presentation took a bit so. I think we should just try and run through the rest of these open questions. We have 68 participants listening so. Sure. Okay. Okay, so. We answered this one. We answered this one. Zoltan asks, is household waste considered CO2 emissions. I think the answer is it depends on the nature of the waste. Anything that can be that can decompose typically does contribute to CO2 emissions. So I think typically the answer is yes. I think it depends on on the details there's all 10 so. One of the requirements the competition is demonstrating that the solution is net negative on a life cycle basis, and we will be using a life cycle analysis methodology to to assess that. That will include both an inventory of the greenhouse gases that are consumed and generated in the process, as well as the greenhouse gases associated with the end of life of any products or, or in fact the sequestered CO2 so. And if that system includes household waste, then, then certainly, then certainly that would have to be considered in that analysis. In case of natural methods of removal of carbon dioxide how will you measure the effectiveness of those methods. I answered this one already. The answer is, it is the responsibility of each team to to provide evidence that their solution works and that their measurements are legitimate and have sufficient quality and precision to give the judges confidence in in awarding the prize. Okay, Nitesh asked can I be an individual person in my student team with my dad as my official leader who can do the formalities. I think the answer is yes, we don't have any requirements about how you structure your team. We do ask that student teams are led by students and have a majority of student members so certainly no, no issue whatsoever having your dad involved or or other. And, and, you know, in fact we encourage that. But we want to make sure that student teams are our majority student and and student run. Thanks. Francisco asked for the sequestered CO2 do we need to get a market study for the product. I think the answer is yes, but it kind of depends on what exactly you're doing. So, we are X prizes philosophy is always rooted in, you know, verifiable independent data is the best kind of data. So, if your claims include a specific kind of product, and, and there is publicly available independent data, establishing either the, you know, establishing the properties of that product. We would encourage you to include that in your submission. But is it required. It kind of depends I think on on what you're doing. Francisco if you want to reach out to us with a little bit more detail about what you have in mind we'd be happy to engage with you offline on that. I think I answered Zoltan's question already about economic efficiency and standard metrics. Right, we're in the homestretch here. Mm hmm. Scalability is based on manufacturing units, i.e. automobiles, how would scalability be determined number of cars manufactured. Yeah, that's an interesting question I think it's up to each team to to sort of make their best case on scalability. Certainly, you know automobiles are fairly well understood market and we would expect teams to, to, you know, make a case based on that market. That, that, you know, how how the how the solution sort of fits into into into that story. Yeah, good question. Thanks Danny. Okay yeah and asked just to make sure I get it right. The team must directly produce a solution that captures CO2 indirect method methods where you coordinate others to sequester CO2 through the solution. You can make sure that they're capturing as measurable and trackable wouldn't work. That's correct. The team has to directly capture CO2. Now, if you'd like to build a coalition with other teams and capture CO2 with several partners. That's totally fine. And in fact, if you want to cooperate with other teams or merge with other teams. That's totally fine. But within the team that you define. We want those teams to be actively capturing and sequestering CO2 themselves. One thing that I'll point that I'll make. This is a really important. Because in the competitor agreement, each team is required to have ownership or a right to exploit any technology that they that they deploy in the competition so it's not enough to say, Hey look those guys are capturing CO2 and and and I made them do it. I want to make sure that that the those folks are included in your team and and that your team has the right to to exploit any technology used to win the competition. Okay, David Carter asks about carbon monoxide does removing carbon carbon from carbon monoxide count towards meeting the carbon removal. On CO2. We would consider carbon monoxide management co co benefit or an additional benefit that we would like to see you highlight in your proposal, but we really are focused on on CO2. Benjamin asks for new approaches that will be hard to get up and running for physical demonstration by February 2022. For various stages in a combined multi step process, can the relevant aspects of each separate step be demonstrated in isolation to substitute for demonstration integrated whole. The answer is yes, that's fine. We do not require integration or a complete end to end demonstration for consideration for the milestones, but we do require that full end to end integrated solution be presented for consideration for the grand prize. And you'll have to have that up and running by 2024. So Benjamin we are definitely looking forward to seeing your demo this year and it doesn't need to be 100% button down by by next this coming winter. The question. Okay, we're getting into the end here. When I joined a team or form my team I lost the ability to contact other teams on the X price platform. Okay, Rupa maybe you can, you can take that one. Okay. When I joined a team or formed my team. Oh I see. Yeah, that is targeted towards individuals looking to join a team. Thank you to me at carbon removal at XPRIZE.org and I can try to get this sorted out for you, Andrew. Okay, and the last question. This was a question was submitted anonymously it says, suppose you're here to validate is an operational method of sustainable lifestyles can that team. Proceed to accept runner up to balance the solutions effective durability. I'm not, I'm not sure I understand that question so for whoever asked their initials or LK. Maybe reach out to us with an email and we can we can address your question offline. Thanks. Okay, I think we're about ready to wrap up. If anyone asks about IP, you have to have IP you have to, you have to either own or have a license to exploit any technology that you demonstrate in the competition. So you, if that's equipment that you've purchased that's acceptable. And that you have leased. That's also acceptable but you need to have, you need to, you need to have the right and the authority to commercially exploit that technology in order to be eligible. And that's it 117 questions I think we answered. In record time. Maybe not. Well, we'll be doing so we'll be doing a couple more of these webinars and you know we'll be doing them throughout the competition. But we're having them every couple of weeks at the beginning because you know there's just been a ton of questions coming in. I will say, really important, please read the guidelines, please review the competitor agreement there is actually a ton of information that answers a lot of your questions in those documents. To contact us, please contact us at carbon removal at x prize.org I put that into the chat. Just for reference, we will be making the recording of this webinar available will have a landing page. If you go to the main prize page. There's a tab there that says I think webinars and events. I'm not sure but we just added that and that's where you can access a recording once we once we put that together. Guys, is there anything else we want to add. I'd like to thank everybody for taking the time to be with us this morning and and sticking sticking with us to the to the bitter end. And, you know, we're here to we're here to help support you and we want to see as many teams be successful in this competition as possible. So, so don't delay if you haven't registered already please register and then get to work. Time is is going to be short and and there really isn't a lot of time between now and the milestone submission deadline so so if you haven't already started we'd love to see you guys start to mobilize those demonstrations. I think that's it. Okay, thanks everyone. We will be having another webinar in a couple weeks and please look out for a newsletter that's going to be going out next week with some more information. Okay. Thanks all. Thank you.