TechX

AI Verified

Location

United Kingdom


Investor type

Accelerator/Incubator


Current investment status

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Website

https://ogtc.com


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Submission link

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Company address

United Kingdom, Aberdeen, Queens Road, 20


Founding year

2016


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Criteria Requirements Match
Regions Northern Europe
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Stage Pre-Seed, Seed, Series A
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Product readiness
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Company description

Net Zero Technology Centre operates as a not-for-profit organization established in 2017 through the Aberdeen City Region Deal, with substantial backing of £180 million from both UK and Scottish governments. The Centre serves as a critical nexus connecting industry leaders, government bodies, and academic institutions to foster technological innovation specifically aimed at accelerating the global energy transition. With its strategic positioning in the North Sea region, the organization leverages the area's extensive energy expertise while focusing on transforming traditional energy infrastructure and knowledge toward sustainable solutions.

The Centre's investment approach targets breakthrough technologies that can significantly impact carbon reduction in energy systems. Their portfolio encompasses innovations in renewable energy integration, hydrogen production, carbon capture utilization and storage (CCUS), and digitalization of energy infrastructure. By providing both financial support and technical expertise, they help promising startups and research projects bridge the challenging gap between concept development and commercial implementation, focusing particularly on technologies with potential for large-scale deployment in the North Sea energy ecosystem.

Working within a collaborative innovation model, the organization facilitates partnerships that bring together energy operators, supply chain companies, technology developers, and research institutions. This ecosystem approach allows for rapid testing and validation of emerging technologies in real-world environments, significantly reducing the time from laboratory to market. The Centre has established several specialized technology hubs focusing on offshore energy systems, integrated energy solutions, and subsurface resources, creating environments where cross-sector innovation can flourish.

Since its inception, the Centre has evolved its strategy to align with the increasing urgency of climate targets, placing greater emphasis on technologies with immediate decarbonization impact. Their investment decisions are guided by comprehensive assessment of both environmental benefits and economic viability, ensuring supported technologies contribute to a just energy transition that maintains regional prosperity while advancing net zero goals. The organization maintains a global perspective, forming international partnerships to share knowledge and scale solutions developed in the North Sea context to energy systems worldwide, positioning the UK as a leader in clean energy innovation.

Highlights

Driving technology innovation to accelerate energy transition
Created with £180M govt funding to maximize North Sea potential

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Frequently asked questions

Where is TechX located?

TechX maintains its global headquarters in United Kingdom, serving as the strategic center for its operations. The company's primary corporate offices are located at United Kingdom, Aberdeen, Queens Road, 20.

What investment stages TechX focuses on?

TechX focuses its investment activities on companies operating in the following stages: Pre-Seed, Seed, Series A. TechX provides strategic capital and expertise to support promising businesses at these critical phases of development.

Where does TechX invest?

TechX maintains a strategic global investment presence, actively seeking opportunities across the following key regions: Northern Europe.

When was TechX founded?

TechX was established in 2016, marking the beginning of its journey as an investment firm.

What kind of investment firm is TechX?

TechX is the following type of investment firm: Accelerator/Incubator. The organization provides capital and strategic support to entrepreneurs and growing companies.