The Net Zero Technology Center (NZTC) has announced the launch of its Net Zero Technology Services business.
The new offering will provide the energy industry and investors with insight and foresight on current and emerging net zero technologies, and help organizations leverage the technology to navigate and accelerate their journey to net zero.
The NZTC was established in 2017 as part of the Aberdeen City Region Deal (ACRD) with £180m in funding from the UK and Scottish Governments to become the North Sea’s leading technology hub for the energy industry. Since its inception, the center has been at the forefront of technology development and delivery, securing its reputation as a visionary and pioneer in disruptive innovation. The strategy to create an independent commercial entity without ACRD funding builds on the Center’s overall success and provides an additional source of funding for all of the NZTC’s innovation activities.
Two new solutions will be introduced with the launch, technology roadmapping and technology due diligence. The technology roadmapping solution provides companies with high-carbon facilities and assets with unmatched insight and foresight into proven, emerging and future zero-emission energy, routine flaring, venting and fugitive emissions technologies. It determines which innovative technologies can be adopted and deployed across plants to achieve decarbonization goals.
Technology Due Diligence provides insights to help investors make better technology investment decisions; Determining the legitimacy of the technology, its actual technological maturity, gaps in readiness and scalability, and how investable it is.
The new solutions are already being actively used by industry and investors, with several successful pilot projects, ongoing and technology due diligence scopes.
“This is an exciting time for NZTC as we expand our offering and capabilities with the launch of Net Zero Technology Services and associated solutions. We respond to market demand from organizations asking for specific insights into technological innovations. Decarbonizing operations and understanding the viability and readiness of the technology is complex for industry. We break down this complexity and help asset owners embrace technology and investors take the guesswork and risk out of their next technology investment. We’ve immersed ourselves in innovation and technology trends, bringing unmatched insights,” said Luca Corradi, Director of Net Zero Technology Services.
“Today’s launch is a significant achievement for NZTC as we continue to evolve our strategy and operating model to encompass a much broader service offering. Our new Technology Services business provides companies with insights that are invaluable to their operational and investment decisions and builds on the extensive expertise NZTC has developed and refined over the past five years,” added Colette Cohen, CEO of the Net Zero Technology Center.
“The Net Zero Technology Center plays an important role in the transition to an affordable zero-energy industry. Today’s launch marks an important milestone in the development of the center and reflects its growing reputation and connections within the energy sector. It demonstrates NZTC’s potential to continue to make a difference beyond the Aberdeen City Region Deal, from which it received £90m in investment from the Scottish Government,” said the Scottish Government’s Business Secretary Ivan McKee.
“It has been fantastic to see how innovative and affordable technology solutions have been developed and deployed by the Net Zero Technology Center over the past five years, taking us one step closer to delivering a net zero economy. The launch of these new services shows the importance of the UK Government’s £90m investment.
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