Technology

Net Zero Technology Center Launches Funding

Net Zero Technology Center Launches Funding

The Net Zero Technology Centre, a UK-based organization previously known as the Oil and Gas Technology Centre, has announced the launch of its 2022 Open Innovation Program aimed at developing and deploying technologies that will reduce offshore emissions , will accelerate clean energy generation and enable the achievement of the UK’s net zero ambitions.

The 2022 program will include two funding competitions – the first opening on March 16 and the second scheduled for October.

“Companies around the world can apply for a share of the £7m available in the first competition, with a maximum of £1m to be awarded to each successful project. Projects must support the transition to net zero with an obligation to test and deploy the technology on the UK continental shelf. In addition to funding, projects will also have access to industry data, facilities and technical expertise,” Net Zero Technology said. Center.

Seven priority technology areas have been identified for the first competition:
Carbon Capture, Utilization and Storage (CCUS)
Hydrogen and clean fuels
Renewable energies and energy storage
Zero emission power
Venting and Flaring
Integrity management
End of life and dismantling

Digital and data architecture, smart assets and field automation will be included among the priority technology areas of the second £3m funding competition due to launch in October.

Myrtle DawesSolution Center Director, Net Zero Technology Center, said, “The launch of the 2022 Open Innovation Program marks an update to our funding model, moving from an open call for ideas to two funding competition windows. with specific technology areas.

“After COP26, it is clear that we must urgently focus on accelerating the delivery of technologies that will secure our net zero ambitions. Our updated funding model will allow us to focus on specific technology gaps to develop and commercialize the innovative technologies that are currently in the prototype and demonstration phase and ultimately drive the huge leaps forward in clean energy innovation that will meet our carbon reduction goals. 2050 emissions.”

Scottish Government Economy Secretary Kate Forbes said: “Accelerating efforts to achieve net zero is a priority for this Scottish Government, which is providing £90 million in funding to the Net Zero Technology Centre. under the agreement with the Aberdeen City Region.

“This funding competition will help the energy sector develop and deploy the innovative technologies needed to achieve a just transition for Scotland.”

British Government Minister for Scotland Iain Stewart said: “This is a fantastic opportunity for companies to work with the world-leading Net Zero Technology Center to develop their ideas for the future of our energy sector.

“The UK Government is investing £90m in the center as part of our wider North Sea Transition Support Programme, with the aim of helping the region’s energy industry reduce its carbon emissions. 50% by 2030. This will help bring prosperity and jobs to communities across the region by attracting investment in new facilities, skills and technology.”