The Net Zero Technology Centre (NZTC) 2024 startup cohort, comprised of 12 companies, have successfully graduated from the 15-week programme, in which time they collectively raised £860K in equity.

From technology to convert renewable energy, carbon dioxide and water into zero carbon jet fuel, to novel solar thermal technology for buildings that can harvest more carbon neutral heat all year round, NZTC’s 2024 TechX cohort demonstrates the crucial role startups are playing in unearthing innovations to enable clean and affordable energy.

Throughout the programme, participants were connected with expert mentors and introduced to potential customers and investors, enabling them to validate their technologies, develop strong business models and enhance their value propositions.

The programme concluded with its 2024 Demo Day, giving the start-ups the chance to pitch their solutions to industry leaders, including TechX’s Strategic Partners: ADNOC, bp, ConocoPhillips and Equinor.

In addition, TechX Strategic Partners awarded additional cash prizes to the start-ups promising the greatest climate and economic impact:

• Kali Technology, with their low cost, integrated heat pump technology, won the £100K Climate Impact award.
• H2CHP, with their fuel-flexible power generator, won the £100K Economic Impact award.

NZTC will continue to support the 12 startups for the next two years by offering networking opportunities and co-working space in Aberdeen, Scotland, in a bid to propel the companies towards commercialisation and beyond.

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NZTC’s chief acceleration officer & TechX director Mark Anderson said: “Over the last 15 weeks our 2024 cohort have showcased the transformative power of entrepreneurial innovation, having fully leveraged the opportunities and network that comes with TechX. Their steadfast dedication to advancing clean energy demonstrates the pivotal role entrepreneurs will continue to play in accelerating the transition to net zero.

“NZTC will continue to support these companies, assisting them to unleash their full potential and facilitating their entry into the market to make a meaningful impact on both the future energy landscape and economy. I look forward to seeing their continued development.”