ADNOC Decarbonisation Competition draws 650 applications

Project overview

ADNOC continues to take significant steps to make today’s energy cleaner, investing in the clean energies of tomorrow to strengthen its position as a responsible global energy provider.

In support of its decarbonisation strategy, ADNOC sought to discover emerging companies from around the globe leading in the development of clean energy innovations, including digital and nature based solutions, and technologies to accelerate CCUS, new energies and advanced materials.

Project scope

In collaboration with ADNOC and its partners, NZTC applied its extensive knowledge in delivering innovation challenges, to lead the development and execution of a global competition from concept to completion

We delivered:

A dedicated website to host entry guidance and capture applications, aligning with client’s brand
An integrated marketing and communications campaign to promote the challenge
Global scouting efforts
Application screening, pre-selection and due diligence
A dynamic scoring platform and criteria for partners and stakeholders to judge entries
Pitching support for the finalists
Support in organising and delivering the final pitch battle event at COP28

Project results

Following the three month application window, The Decarbonisation Technology Challenge drew 650 applications spanning 50 countries across six continents.

Entries fell under an even mix of the required technology focus areas, and with NZTC’s support, the submissions were filtered down to 10 finalists. The final event was hosted at COP28 at ADNOC’s Global Decarbonisation Accelerator event, where finalists pitched to a judging panel of industry leaders.

650

Total applications

125

Screened by technical experts

50+

Countries covered

10

Finalists pitching

Revterra, a Houston-based company developing novel batteries from recycled steel, was announced as the winner of the challenge.

As well as receiving up to $1 million in piloting opportunities funded by ADNOC, the company will gain access to facilities and expertise at the state-of-the-art ADNOC Research and Innovation Centre in Abu Dhabi.

Revterra is now set to pilot its kinetic battery technology, supporting ADNOC’s efforts to advance climate technology as it works towards net zero by 2045.

We are thrilled to win this opportunity. At Revterra, we have developed an environmentally friendly battery that doesn’t rely on metals like lithium, nickel, or cobalt. Instead, our 2MW batteries are built using recycled steel and rely on rotational energy storage technology to achieve maximum power with a minimal environmental footprint.

I am excited to work with our new partners at ADNOC to further develop our solution and deploy it across ADNOC’s operations.

– Patrick Flam, Chief Financial Officer, Revterra