The Net Zero Technology Centre (NZTC) has launched a new Net Zero Technology Services business.
The new offering aims to provide the energy industry and investors with insights on emerging technologies.
NZTC was created in 2017 as part of the Aberdeen City Region Deal (ACRD), with £180m of UK and Scottish government funding to be the go-to technology centre for the North Sea energy industry.
The strategy to create an independent commercial business, exclusive of ACRD funding, builds on the centre’s success and provides an additional source of funding to the overall innovation activities of NZTC.
Two new solutions are introduced with the launch, Technology Roadmapping and Technology Due Diligence, both of which are powered by its proprietary NetZeroTS database.
The Technology Roadmapping solution provides organisations with high carbon emitting plants and assets with foresight into proven and future technologies across zero emissions power, zero routine flaring, venting and fugitive emissions. It aims to determine which technologies can be adopted and deployed across assets to help achieve decarbonisation goals.
Technology Due Diligence provides insight to help investors make better technology investment decisions; ascertaining the legitimacy of a technology, its readiness level, gaps in scalability, and how investable it is.
The new solutions are already being actively used already, with a number of pilots underway and Technology Due Diligence scopes delivered.
Luca Corradi, director at Net Zero Technology Services, said: “We’re responding to market demand with organisations asking for specific technology innovation insight.
“For industry, decarbonising operations and understanding the viability and readiness of technology is complex.
“We break that complexity down helping asset owners leverage technology and investors take the guess work and risk out of their next technology investment.”
Colette Cohen, chief executive of the Net Zero Technology Centre, said: “Today’s launch is a significant achievement for NZTC as we evolve our strategy and operating model to encompass a much broader service offering.
“Providing organisations with insight which will be invaluable to their operations and investment decisions, our new services business builds on the extensive expertise NZTC has developed and honed over the last five years.”
Scottish Government Business Minister Ivan McKee added: “Today’s launch marks an important milestone in the centre’s development, reflecting its growing reputation and connections within the energy sector.
“It demonstrates NZTC's potential to continue making an impact beyond the Aberdeen City Region Deal, from which it has received £90m in Scottish Government investment.”
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