For the fourth year in a row, the Net Zero Technology Centre is offering up to £100,000 in funding to renewable energy start-ups, including those creating green and blue hydrogen technologies, through its TechX Accelerator program.
TechX Accelerator applications opened with 12 selected start-ups poised to benefit from both cash and expert support. The Net Zero Technology Centre expects that this may hasten the transition to net zero.
Renewable energy technologies, such as green and blue hydrogen and other clean fuels, carbon capture, utilization, and storage (CCUS), digitalization, and technologies that cut greenhouse gas emissions from the oil and gas industry are among the technical focus areas this year.
The program, which will run for a total of 15 weeks, will assist chosen programs in developing a viable product and testing the value proposition. It will also assist start-ups in obtaining field trials and pitching their technologies to prospective clients.
The organizers stated that they would want to see 30% of the selected start-ups led by female founders or co-founders.