Over £20 million funding awarded across 20 game changing net zero technologies
Summary
The funding competition this year focused on developing and deploying technologies that will reduce offshore emissions, accelerate clean energy production, and enable delivery of the UKs net zero ambitions.A total of 154 businesses from across the globe applied for a share of \xa38 million available, with the potential of a maximum of \xa31 million awarded to each successful project. The report sets out robust recommendations detailing how rapid investment in technology innovation can help enable the delivery of the North Sea Transition Deals (NSTD) emissions targets and the creation of a net-zero energy system in the North Sea.The winning ideas are set to help meet the goals of the report and develop high value, high impact opportunities for Scotland and the UK. Emerging electrolyser technologies and materials will advance reducing the cost of green hydrogen by 60%; whilst novel optical sensors to prevent corrosion in carbon capture and storage operations will support the UK to expand the CCS market. One of the successful projects will trial geothermal techniques in the field and another will use liquid air battery innovations to accelerate an integrated energy system.NZTCs next funding competition, due to open in January 2023, will focus on digital and data architecture, smart assets and field automation.Were at a pivotal point in the energy transition, with political and social pressures weighing as heavy as environmental demands.The technology ideas we received were diverse, credible and exciting, making the selection process tough. We are investing in the areas where we know technology gaps exist and where the opportunity is substantial in accelerating the energy transition.Congratulations to all the winners of the 2022 Open Innovation Programme.