ADNOC has launched its Decarbonisation Technology Challenge, with support from Amazon Web Services (AWS), BP, Hub71 and the Net Zero Technology Centre. The challenge aims to find innovations that will reshape the global energy landscape.
The competition was launched at the UAE Climate Technology Forum in Abu Dhabi, where more than 1,000 global policymakers, innovators and industry leaders gathered to drive technological solutions for decarbonisation, ADNOC said in its statement.
Ten finalists will be invited to present their innovations to a panel of judges in December 2023. ADNOC added that winners will receive up to $1 million (AED 3,670,000) in trial opportunities with the company. Scaling companies specializing in carbon capture and storage (CCUS), new energy, oil and gas emissions reduction, digital applications and advanced materials for decarbonization and nature-based solutions are recommended.
“We are delighted to launch the decarbonisation technology challenge together with our partners. ADNOC has committed $15 billion to landmark decarbonisation projects by 2030, including carbon capture, electrification, new CO2 absorption technology and enhanced investments in hydrogen and renewable energy. We look forward to fostering companies with the most promising innovations that can help transform, decarbonize and future-proof the global energy sector,” said Musabbeh Al Kaabi, CEO of Low Carbon Solutions and International Growth Directorate, ADNOC.
The search will culminate in a final in the United Arab Emirates in December 2023. In addition to receiving up to $1 million (AED 3,670,000) in pilot opportunities, winners will have access to research and innovation facilities state-of-the-art in Abu Dhabi, ADNOC’s statement says.
Entrants have 12 weeks to compile and submit their applications by Friday 11 August 2023.
ADNOC noted that AWS, BP and Hub71 will provide additional funding, panel judges and business support to the winners.
The competition follows ADNOC’s drive to seek new technological solutions to produce green and low-carbon hydrogen and grapheme, together with Baker Hughes.
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