Energy Incubator and Scale Up Hub wins BP & Scottish Enterprise support
Summary
The remaining funding for the project will be supported through the Scottish Governments Energy Transition Fund.READ MORE: Chamber says Aberdeen should become Investment ZoneIt will include 3,000 sq m of flexible industrial and collaboration space designed to foster manufacturing, supply chain company building, technology research and development and commercialisation, alongside targeted business support to drive entrepreneurship, innovation and growth.Subject to planning permission, work is expected to begin this summer with opening planned for summer 2024. In the run-up, ETZ will be launching a number of initiatives focused on building the supply chain community including regular networking events, a mentoring programme and targeted energy transition challenges.Sir Ian Wood, ETZ Ltd chairman, said: Innovation and a pioneering entrepreneurial spirit have been the hallmark of the North East of Scotlands energy sector for over 50 years. The hub will provide a base for green energy start-ups as well as oil and gas companies and associated supply chains who are pivoting their expertise towards the net zero transition.Doris Reiter, Senior Vice President North Sea, BP, said: "A highly skilled and innovative supply chain has been the beating heart of the north-east of Scotland for decades. The expertise and technology developed here is a global success story and you would be hard-pressed to visit an oil and gas region anywhere in the world and not find Scotlands influence.Were at an exciting moment again in this regions energy story, not least through bps own plans to scale up offshore wind, hydrogen production and electric vehicle charging, while continuing to focus on safe, reliable, and low emission production of oil and gas from the North Sea. Were proud to be supporting the ETZs EISH to help ensure this regions pioneering spirit lives on for many more decades."