Energy Transition Alliance formed by renewable tech firms: An announcement has been made to accelerate the UK’s transition towards a net zero future by a new five-year collaboration to deliver next generation energy technologies.
Formed by the Oil & Gas Technology Centre (OGTC) and the Offshore Renewable Energy (ORE) Catapult, the Energy Transition Alliance (ETA), will work together with the energy industry to develop advanced technologies.
Five “high potential” projects have been identified by the alliance, which include offshore renewables supply chain deep dive study, UK supply chain specific floating wind foundation competition to reduce the cost of foundations by 25% to 30% and sustainable wind turbine decommissioning.
They also plan to develop a prototype AC/DC conversion technology which is expected to generate £7.7 billion savings to industry, that reduces carbon, has a footprint 10 times smaller and five times cheaper than existing technologies.
Additionally, they are looking to industry for technologies that help eliminate offshore platform emissions, which currently represent around 2% of the UK’s total carbon emissions and reduce the cost of power from shore.
Kwasi Kwarteng, Energy and Clean Growth Minister said: “The UK’s innovation will drive a more sustainable oil and gas industry and the development of our world-leading renewables sector on the path to net zero emissions by 2050.
“Collaboration across the energy sector will be essential to achieving our climate goals, and it is great to see the Energy Transition Alliance working towards developing new technologies, creating green jobs and helping the transition to a cleaner future.”
Funded by the OGTC and ORE Catapult for the first time, the ETA will look among other sources, to government and industry, to secure funding for future years.
Colette Cohen OGTC CEO said: “The creation of the Energy Transition Alliance comes at a pivotal time for our industry and the future of the North Sea as we transition to a net zero basin. Technology, innovation and a willingness to work cross sector will be essential if we are to successfully deliver on our net zero goal.
“This Alliance is an exciting step towards a more integrated energy future for the UK. Our partnership with the Offshore Renewable Energy Catapult harnesses the expertise of both organisations to accelerate the UK’s energy transition.”
Energy Transition Alliance formed by renewable tech firms