12 startups have graduated from the TechX Clean Energy Accelerator following an intensive 15-week programme.

This latest accelerator cohort included startups which specialise in low-cost floating wind turbines, floating buoys that provide cost-effective 5G services and submersibles capable of hosting robots for remote subsea inspection.

According to the Net Zero Technology Centre, the latest wave of participants highlighted the pivotal role that startup founders will play in shaping the future of clean energy.

Since starting the programme in February, the companies have already raised over £5.2m in equity and established key industry relationships.

Commenting on the latest cohort, TechX Director Mark Anderson said: “A key ingredient in a successful accelerator is the quality of the tuition and experience, which TechX along with its global partners offer.

“In the last 15 weeks, our latest cohort have grasped the wide array of opportunities that come with TechX. Their commitment and dedication not only to advancing their companies, but also in helping industry to reach its net zero targets, has been nothing short of inspiring.”

TechX will continue to work with the startups over the next two years to ensure continued growth.

Cohort Stand-outs

TechX partners BP, Equinor and ADNOC recognised the latest cohort’s achievements, awarding cash prizes to the most promising startups.

RepAir Carbon Capture secured £100k in the Best Net Zero Technology Prize category while PJP Eye also scooped up £100k for its plant-based carbon battery technology.

In addition, TechX awarded the Best Performance Prize to Aquature with their technology to produce green hydrogen from wastewater.

Nick Kendall, Investment Associate from BP Ventures, commented: “TechX cohort 4 has uncovered and showcased some exceptional companies, with innovative technologies that really can be disruptive and make a material impact in the path to net zero.”

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The latest cohort also saw marked improvements with regard to gender diversity, according to NZTC chief executive Colette Cohen OBE.

She said: “It was inspiring to see a significant leap in gender diversity in our recent cohort, with 42% of the cohort female led or co-led.

“Companies with a focus on diversity are better placed for success, as these are proven to achieve a higher return on equity and increased employee retention.

“The innovation and rapid growth of TechX’s fourth cohort illustrates why industry should embrace an inclusive workforce that prioritises diversity of thought.”