Monday 11 July 2022

Green start-ups to receive £1.2m backing

Up to £1.2 million in funding has been made available for clean energy start-ups; creating technologies to propagate net zero.

The Net Zero Technology Centre (NZTC) has stated that up to £100,000 will be provided to 12 companies – in the fifth edition of its TechX Clean Energy Accelerator Programme.

This programme has been backed by bp, Equinor and ADNOC.

NZTC claims that half of the emission savings needed to reach net zero by 2050 are to be made by technologies not yet built – and is hopeful it can help companies develop these and make them commercially available.

Renewables, green hydrogen, carbon capture, digitalisation and oil and gas emission reduction is where the 12 new successful recipients specialise.

It has also stated that half of the start-ups are led by females – to promote gender equality in the energy sector.

Mark Anderson, TechX Director, said: “I am delighted that applications for the next cohort of our award-winning programme are now open.

“This is an exciting and essential process to be undertaking; discovering the next round of trailblazing start-ups that can help us accelerate the future of clean and affordable energy.”