The Net Zero Technology Centre, which exists to develop and deploy technology for an affordable Net Zero energy industry, have shared details of its Open Innovation Programme for 2022.

The £10 million funding competition is seeking new projects and programmes which support the transition towards of Net Zero. Businesses from across the globe and working in different sectors are encouraged to apply.

The competition runs over two windows, with the first opening on 16 March. A share of £7 million will be initially made available, with a maximum of £1 million awarded to each successful project.

Technology focus areas include: carbon capture and storage, hydrogen and other clean fuels, renewables and energy storage, zero emission power, integrity management, venting and flaring, late life and decommissioning.

Digital and data architecture, smart assets and field automation will be technology focus areas within the £3 million second open innovation programme in October.

As well as the financial reward, winners will also access data, facilities, and technical expertise from the energy industry.

Commenting on the competition, Karis Thain, Head of Membership Engagement at the EIC said: “Competitions like this one from the Net Zero Technology Centre can help take ideas from the drawing board and provide the boost needed to turn them into reality. I know that EIC members are often working at the cutting edge of technology which is why we're delighted to share this opportunity.”

Find out more and submit your idea at the NZTC website.