NZTC issues grants for more offshore technology developers

Offshore staff

ABERDEEN, UK — The Net Zero Technology Centre (NZTC) has revealed its 2024 TechX list of potential startup companies eligible for funding under the TechX Clean Energy Accelerator program.

Each startup will receive up to £100,000 ($126,000) in funding and access to NZTC’s network of mentors, investors and sponsors, which include ADNOC, bp, Equinor and ConocoPhillips.

They may also gain opportunities for field trials of their technologies.

Three of the 12 companies selected include:

• Airspection: Drones designed for more reliable and safer offshore infrastructure inspections;
• Frontier Robotics: Platform-agnostic software and associated hardware for autonomous underwater inspections; and
• SurreyH2: Lower-cost green hydrogen production technology using a recirculating catalyst, with intrinsic hydrogen storage capability.

To date, 57 startups have received supported under the TechX program, generating £32 million ($40.3 million) in revenue and creating 443 new jobs.

02.16.2024