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June 28, 2021

OGTC transitions into Net-Zero Technology Centre in line with changing industry

OGTC, former UK oil and gas technology centre, has today completed its repositioning to become the Net-Zero Technology Centre, in tune with its evolution to pursue technologies towards a net-zero energy future.

By Yoana Cholteeva

A crucial part of its transformation is redefining the centre’s technology roadmap after engagements with industry and stakeholders, which have resulted in a set of technology themes and priorities underpinning the Net Zero-Technology Centre’s work.

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Net-Zero Technology Centre CEO Colette Cohen said: “Innovating and developing technology is critical to unlock an affordable net-zero energy future. It is essential [that] we invest in and commercialise solutions that accelerate the energy transition and reimagine the North Sea as an integrated energy basin.

“There is no silver bullet when it comes to the technology required. We must prioritise affordable energy solutions while decarbonising oil and gas, which will be required for years to come to meet global demand.

“Our focus on transition technologies began when we opened our doors four years ago, driven by strong demand from industry.

“We see a tremendous opportunity to build exciting new partnerships and alliances as we continue to develop and deploy technology to create an affordable net-zero energy industry.”

The UK and Scottish governments are each investing £90m in the Net-Zero Technology Centre as part of the Aberdeen City Region Deal – a £340m investment programme jointly funded by the UK and Scottish governments and regional partners.

UK Government Minister for Scotland David Duguid said: “The timely renaming shows how the Aberdeen City Region Deal is adapting to help the North Sea economy harness its existing capabilities, infrastructure, and private investment to deliver hydrogen production, carbon capture and storage, offshore wind, and decommissioning.

“In addition to its £90m City Deal investment in the Net-Zero Technology Centre, the UK Government is providing support for decommissioning and the North Sea Transition Deal, ensuring workers, businesses, and the supply chain are able to effectively manage the move to net-zero.”

To date, the Net-Zero Technology Centre has co-invested £176m with industry members, have screened more than 1,300 technologies, and has generated £10-15bn gross value added potential.

It has helped for the delivery of 64 field trials, with another 49 planned and underway, as well as for the commercialisation of 20 technologies and 33 tech start-ups.

Economy Secretary Kate Forbes said: “I fully support the Net-Zero Technology Centre rebranding, which aligns with their fresh purpose of supporting the oil and gas industry to develop and deploy technology to accelerate the transition to an affordable net-zero North Sea.

“They are also one of our key partners in the Aberdeen City Region Deal, which is backed by £125m of Scottish Government funding over 10 years, contributing to the region’s economic recovery by creating jobs and providing the commercial infrastructure to support and attract businesses to Aberdeen and the surrounding areas.

“This is a crucial time for business, trade, and investment in Scotland and investing in our communities will ensure every part of Scotland recovers from the pandemic, helping build an economy for everyone.”

Related Companies

Free Report
img

Determine the future strategies for IoT in Oil & Gas

he declining cost of IoT hardware makes digitalization an attractive option for energy companies. The oil and gas industry is becoming a more enthusiastic adopter of digital technology as it struggles to cope with several significant trends. These include fluctuating oil prices, expanding sources of supply, and increasing regulatory requirements.  GlobalData’s IoT in Oil & Gas Thematic Research report provides you with an in-depth lens into the impact of IoT on the industry. We highlight both the challenges and opportunities associated with the innovative technology now, and in the future. Our report also covers: 
  • Major players and companies 
  • Market size and growth forecasts 
  • Case studies  
  • Sector scorecard 
According to GlobalData forecasts, global Internet of Things (IoT) revenue in the energy sector will reach $59 billion by 2025, up from $34 billion in 2019. IoT use cases in the sector show how instrumental digitalization is to the O&G sector.   Ensure your company is proactive in adapting strategies and processes to help you remain competitive. Download the full report to get ahead of the competition.  
by GlobalData
Enter your details here to receive your free Report.

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