NZTC Annual Review 2024-25 | Net Zero Technology Centre

Charting the course for a net zero future

In 2024, NZTC sharpened its focus on the road ahead, building on the progress made and the momentum already in motion.

Our vision is rooted in strong industry collaboration, trusted partnerships and a firm belief that technology is central to a successful energy transition. That vision is already becoming a reality. We continue to deliver a broad portfolio of commercial and government-backed projects that reflect the scale of our ambition and the depth of our technical expertise.

From our base in the North East of Scotland, NZTC has grown into a globally recognised centre of excellence, responding to the demands of the energy transition and helping shape its future. We have already made a lasting impact and we’re only just getting started.

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FY24 Impact

Driving economic growth through technology innovation

We continue to accelerate the development and deployment of technologies that cut the carbon footprint of oil, gas, and other high-emitting sectors. By leveraging the UK energy supply chain’s expertise and infrastructure, our growing portfolio is also advancing clean energy – driving the transition to a resilient, integrated and future-ready energy system. From low-carbon hydrogen and carbon capture, utilisation and storage (CCUS) to offshore renewables and digital advancements, we’re making technologies faster to deploy, easier to integrate, and more cost-effective to store and transport.

NZTC’s impact goes beyond technology. In FY24, we co-invested nearly £40 million with industry, helping create or safeguard over 1,700 jobs across the UK energy sector – reinforcing our role as both a technology accelerator and a catalyst for sustainable economic growth.

£37.9M

co-invested with industry

900+

technologies screened

18

field trials planned, completed or underway

12

startups began their journey in our seventh TechX cohort

Delivering on Our Commitments

We’ve delivered, ahead of schedule

This is a pivotal moment for NZTC as we prepare to move beyond our original ten-year funding period. This move reflects our strategic alignment with national and international priorities and our readiness to lead through the next decade of energy innovation.

NZTC has already exceeded the targets set in our first round of government funding, covering a ten-year period from 2016 to 2026. As of 2025, we have delivered:

£10Bn

increase in GVA (forecast minimum)

£270M

in match funding achieved

74

commercialised technologies

130

startups accelerated

What makes all of this possible is the expertise, creativity and commitment of our people. I’m proud of the culture we’re building at NZTC, one that embraces change, values collaboration and is driven by purpose.