Shantanu Agarwal, Founder + CEO, Mati Carbon joins NYSE Floor Talk.
Mati Carbon received the $50M grand prize for their enhanced rock weathering solution.
The grand prize winner Mati Carbon demonstrated a highly durable approach to CDR, by applying finely crushed basalt over agricultural lands in India to accelerate a natural weathering process that permanently draws down atmospheric CO₂. Beyond carbon removal, Mati Carbon’s process delivers significant benefits to smallholder farmers. These farmers are among the least responsible for and the most vulnerable to the impacts of climate change. Mati Carbon’s deployments bolster farmers’ livelihoods through improved soil health, reduced agricultural inputs, and increased income at zero cost to them. Mati Carbon’s team has developed a scientifically rigorous approach to monitoring and verification, and excelled across each of XPRIZE’s evaluation criteria – operational, sustainability, and cost metrics – giving the XPRIZE judges the highest confidence in Mati Carbon’s solution’s long-term scalability. (Source: XPRIZE)
Up Next in 2025
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Vaulted Deep, runner up of XPRIZE Ca...
Julia Reichelstein, Co-Founder + CEO, Vaulted Deep joins NYSE Floor Talk.
Vaulted Deep, a U.S.-based waste management company, earned recognition as second runner-up and $8M for permanently storing otherwise unusable organic waste deep underground. (Souce: XPRIZE)
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Project Hajar, runners up of XPRIZE C...
Matt Atwood, Founder + CEO, Aircapture and James Woolner, Head of Business Development, 44.01 join NYSE Floor Talk.
Project Hajar was awarded a $1M XFACTOR award for coming closest to meeting XPRIZE’s stringent demonstration criteria in the Ocean and Air tracks. (Source: XPRIZE)
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UNDO, runner-up of the XPRIZE Carbon ...
Jim Mann, Founder + CEO, UNDO joins NYSE Floor Talk.
UNDO Carbon, an enhanced rock weathering solution operating in Scotland and Canada, earned recognition as third runner-up and $5M for accelerating the natural process of rock weathering to permanently remove atmospheric CO₂ and boost soil health.
