X Prize Offers $1 Million For Oil Clean Up Solutions [XPrize]

The X Prize Foundation, which spurs scientific and technological innovation with the greatest of incentives, a gigantic pile of money, hopes we\’ll have a significantly improved method for cleaning oil by this time next year. The carrot: a groovy million.

The foundation, which organized an on-going, Google-sponsored $30 million competition for landing a robot on the moon, among others, officially announced the Wendy Schmidt Oil Cleanup X Challenge today, offering a total of $1.4 million for \” solutions so as to speed the pace of cleaning up seawater surface oil on account of spillage from ocean platforms, tankers, and other sources.\”

The competition begins Monday, August 1st, and teams\’ solutions can be tested at the National Oil Spill Response Research & Renewable Energy Test Facility in New Jersey next summer. The team that manages to scrub up crude with the very best oil recovery rate and the highest recovery efficiency will win $1 million. X Prize is already in talks with companies like Shell with the intention that the winning solution gets implemented within the field as quickly as possible.

If you suspect that clip of Bill Nye shooting down all of John Q. Public\’s oil cleanup ideas and thought \” well those weren\’t really that clever anyway,\” you would preregister your team on the challenge\’s site right away. Good luck. [X Prize]

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This post is tagged: million, Offers, oil, prize, Solutions, XPrize