Wendy Schmidt Oil Cleanup X CHALLENGE
Encyclopedia
The Wendy Schmidt Oil Cleanup X CHALLENGE is a challenge award
offered by the X PRIZE Foundation
, for efficient capturing of crude oil from ocean water. It was announced on July 29, 2010, and the official one-year competition begins on August 1, 2010. The first three teams are to be awarded US$1 million, US$300,000 and US$100,000 respectively.
Of the over 350 teams that preregistered to participate in the challenge by January 2011, 37 officially registered the following month. By the time of the official testing in May 2011, the field of challengers had been narrowed to ten teams.
The winners for the challenge were announced on October 11, 2011. The first place finisher and winner of the $1 million prize was the team of Elastec/American Marine. The second place finisher and winner of $300,000 was the team NOFI. No other team met all of the challenges goals, so the planned third place prize was not awarded.
The US$1.4 million prize purse was offered by Wendy Schmidt from The Schmidt Family Foundation.
The challenge was inspired by the Deepwater Horizon oil spill
.
Award
An award is something given to a person or a group of people to recognize excellence in a certain field; a certificate of excellence. Awards are often signifiedby trophies, titles, certificates, commemorative plaques, medals, badges, pins, or ribbons...
offered by the X PRIZE Foundation
X Prize Foundation
The X PRIZE Foundation is a non-profit organization that designs and manages public competitions intended to encourage technological development that could benefit mankind....
, for efficient capturing of crude oil from ocean water. It was announced on July 29, 2010, and the official one-year competition begins on August 1, 2010. The first three teams are to be awarded US$1 million, US$300,000 and US$100,000 respectively.
Of the over 350 teams that preregistered to participate in the challenge by January 2011, 37 officially registered the following month. By the time of the official testing in May 2011, the field of challengers had been narrowed to ten teams.
The winners for the challenge were announced on October 11, 2011. The first place finisher and winner of the $1 million prize was the team of Elastec/American Marine. The second place finisher and winner of $300,000 was the team NOFI. No other team met all of the challenges goals, so the planned third place prize was not awarded.
The US$1.4 million prize purse was offered by Wendy Schmidt from The Schmidt Family Foundation.
The challenge was inspired by the Deepwater Horizon oil spill
Deepwater Horizon oil spill
The Deepwater Horizon oil spill is an oil spill in the Gulf of Mexico which flowed unabated for three months in 2010, and continues to leak fresh oil. It is the largest accidental marine oil spill in the history of the petroleum industry...
.