The American-Made Geothermal Lithium Extraction Prize is designed to increase market viability for direct lithium extraction (DLE) from geothermal brines with innovations that lower costs and lessen environmental impact. Competitors in the prize will participate in three escalating challenges for an opportunity to win a portion of the $4 million cash prize pool.
The Geothermal Lithium Extraction Prize consists of three progressive phases that challenge competitors to move their innovation from concept to prototype.
|Phase 1: Idea & Concept||Up to 15||$600,000 total prize pool distributed equally among semifinalists. Competitors will receive a minimum of $40,000 and maximum of $600,000.|
|Phase 2: Design & Invent||Up to 5||$1.4 million total prize pool distributed equally among finalists. Competitors will receive a minimum of $280,000 and maximum of $1,400,000.|
|Phase 3: Fabricate & Test||Up to 3||$2 million in total prize pool distributed for the first, second, and third place winners.|
Phase 1: Idea & Concept Phase: Over three months, competitors demonstrate that they have identified and developed an impactful idea or solution that addresses one or more of the following technical challenges:
Competitors will propose a path to design, prototype, and test for proof of concept.
Phase 2: Design & Invent: Over three months, competitors work in concert with IAP members to substantially advance their proposed tool, component, chemical process, or other advancement concept by demonstrating their design’s promise in meeting quantitative engineering and operational requirements outlined by the team. Additionally, it is expected that competitors develop a plan to test their innovation using a real geothermal brine during Phase 3.
Phase 3: Fabricate & Test: Over 12 months, competitors fabricate and test their proposed design to demonstrate its ability to improve DLE from geothermal brines. Phase 3 competitors are evaluated by a panel of experts using—in part—engineering and technical performance criteria previously submitted by each team. Phase 3 has up to three winners with a first, second, and third place prize.
The U.S. Department of Energy Geothermal Technologies Office invites anyone affiliated with a U.S. academic institution, individually or as a team, to compete to transform a conceptual solution into prototype reality.