The former Oil and Gas Technology Centre (OGTC) has completed its transition to become the Net Zero Technology Centre.
The Centre suggests the move marks its “natural evolution” as it continues to accelerate technology to enable a net zero energy future, with a vision to reduce emissions from existing facilities and unlock the full potential of an integrated energy system.
The UK and Scottish Governments are each investing £90 million in the Net Zero Technology Centre as part of the Aberdeen City Region Deal.
The Centre has so far co-invested £176 million with industry, screened more than 1,300 technologies and generated between £10 billion to £15 billion GVA potential.
More than 64 field trials have been delivered, with an additional 49 planned and underway, more than 20 technologies have been commercialised and 33 tech start-ups supported.
Today we are excited to announce that our name has changed to the Net Zero Technology Centre. 💡 Our new name more accurately reflects our purpose and reinforces our technology vision. https://t.co/pUIgYS4pK3#HelloFuture #NetZeroTC #NetZero #TechnologyDrivingTransition pic.twitter.com/uHJaexoYjp
— Net Zero Technology Centre (@netzero_tc) June 28, 2021
Last year, the Centre transitioned its seven existing solution centres into one Net Zero Solution Centre, with three core programmes focused on reducing emissions, developing integrated energy systems and unlocking a digitised offshore energy sector.
Colette Cohen, CEO of the Net Zero Technology Centre said: “Innovating and developing technology is critical to unlock an affordable net zero energy future. It is essential we invest in and commercialise solutions that accelerate the energy transition and reimagine the North Sea as an integrated energy basin.
“There is no silver bullet when it comes to the technology required. We must prioritise affordable energy solutions while decarbonising oil and gas, which will be required for years to come to meet global demand. Our focus on transition technologies began when we opened our doors four years ago, driven by strong demand from industry.
“We see a tremendous opportunity to build exciting new partnerships and alliances as we continue to develop and deploy technology to create an affordable net zero energy industry.”