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Funding for clean energy start-ups available via latest round of accelerator programme

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Clean energy start-ups can now apply for both funding and support via the latest round of the ‘TechX Accelerator programme‘ from the Net Zero Technology Centre.

Backed by strategic partners bp, Equinor Ventures and ADNOC, the programme aims to accelerate the growth of the 12 winning companies by awarding each an equal share of the £1.2m pot, and also providing access to expert mentors, technology development guidance and commercial support. Participants will also be exposed to an extensive industry network with opportunities for potential field trials and further investment. 

This year the programme is looking for applications from companies specialising in technologies in the following areas:

  • Carbon capture utilisation and storage (CCUS)
  • Low carbon hydrogen
  • Alternative fuels and green chemicals
  • Renewable power
  • Digital solutions
  • Decarbonised industrial heat and cooling

The TechX programme has helped accelerate the growth of 57 technology start-ups since its launch in 2018, who have reportedly gone on to generate over £10m in annual revenue as a collective, bringing 8 technologies to a commercial stage. The Net Zero Technology Centre itself, located in Aberdeen, is a joint British and Scottish Government initiative, launched in 2017 to support the technological innovations required to achieve Net Zero.

Mark Anderson, Chief Acceleration Officer & TechX Director (pictured above) said:

“Start-ups stand poised as instrumental drivers in our journey towards achieving net zero. Our TechX Accelerator provides an environment where fledgling companies can unlock their full potential, spark novel concepts, and grow at an accelerated pace.

“I look forward to welcoming our next round of pioneering companies, who will help NZTC unearth transformational technologies to enable clean and affordable energy.”

Scottish Government Wellbeing Economy Secretary Neil Gray said:

“The TechX Clean Energy Accelerator offers a great opportunity for entrepreneurs to develop innovative ideas which will help Scotland make a just transition to net zero.

“Supporting the growth of the clean energy sector is a priority for this government. That is why we support the TechX programme as part of our £90 million investment in the Net Zero Technology Centre through the Aberdeen City Region Deal.”

UK Government Minister for Scotland Malcolm Offord said:

“Start-up companies play a fundamental role in driving innovation in the energy sector. The TechX Accelerator is a fantastic programme to help these companies in that delivery, and I encourage any start-up thinking of applying to put in an application.”

The application deadline for the latest round of this programme is 1 October 2023, with the accelerator set to begin in February 2024. To find out more and/or apply please visit www.netzerotc.com/TechX

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