https://www.xprize.org/prizes/elonmusk

The prize is $50mm USD for first place.

PYR's torches don't CAPTURE carbon. but it depends on what you mean by capture. by replacing a fossil fuel burner that is pumping out carbon, it effectively stops it. But it doesnt reclaim it.

Not sure if theres a way PYR can enter this compeition or not. But I hope they will at least check into it to see if they are eligable.

To win the competition, teams must demonstrate a rigorous, validated scale model of their carbon removal solution, and further must demonstrate to a team of judges the ability of their solution to economically scale to gigaton levels. The objective of this XPRIZE is to inspire and help scale efficient solutions to collectively achieve the 10 gigaton per year carbon removal target by 2050, to help fight climate change and restore the Earth’s carbon balance.

Teams can submit entries across natural, engineer and hybrid solutions.  Judges in the competition will evaluate the teams based upon four basic criteria:

• A working carbon removal prototype that can be rigorously validated and capable of removing at least 1 ton per day.

• The team’s ability to demonstrate to the judges that their solution can economically scale to the gigaton level.

• The main metric for this competition is fully considered cost per ton, inclusive of whatever considerations are necessary for environmental benefit, permanence, any value-added products; and

• The final criteria is the length of time that the removed carbon is locked up for. A minimum goal of 100 years is desired.