If there was one thing that last year's Gulf of Mexico oil spill showed us, it was that there were no particularly good systems in place for containing and removing such spills while the oil is still out at sea. One year later, although many companies and individuals have come forward with their concepts for such systems, little has actually been developed to the point of being ready for deployment. In order to generate some incentive, and provide financial support to the cream of the crop, the X PRIZE Foundation is now in the midst of its US$1.4 million Wendy Schmidt Oil Cleanup X CHALLENGE. Although the competition has been under way since January, the ten finalist teams were announced just last week.
Read the full article: Finalists announced for Wendy Schmidt Oil Cleanup X CHALLENGE