{"id":8418,"date":"2022-10-11T13:38:32","date_gmt":"2022-10-11T12:38:32","guid":{"rendered":"https:\/\/www.netzerotc.com\/?p=8418"},"modified":"2022-10-17T13:40:12","modified_gmt":"2022-10-17T12:40:12","slug":"critical-years-for-rapid-test-and-deployment-of-net-zero-technologies","status":"publish","type":"post","link":"https:\/\/www.netzerotc.com\/news-insights\/critical-years-for-rapid-test-and-deployment-of-net-zero-technologies\/","title":{"rendered":"\u2018Critical\u2019 years for rapid test and deployment of net zero technologies"},"content":{"rendered":"\n
New research has set out how the UK could rapidly accelerate net zero technologies and cut costs in the \u201ccritical\u201d years ahead to capture global economic opportunities.<\/h5>\n\n\n\n

The study, led by the Technology Leadership Board (TLB), Net Zero Technology Centre (NZTC), and Accenture picks out \u201chigh impact\u201d areas for the UK to deliver on carbon capture and storage (CCS), hydrogen and floating offshore wind.<\/p>\n\n\n\n

However, without acceleration, it warns the UK will \u201cfail to deliver\u201d on the potential prize; with CCS and hydrogen predicted to support 40,000 UK jobs by 2030, and floating offshore wind expected to deliver 29,000 by 2050 .<\/p>\n\n\n\n

The \u201cTechnology Driving Green Growth\u201d report looks at how innovations will help\u00a0meet the goals of the North Sea Transition Deal<\/a>, signed between industry and government last year.

NZTC\u00a0chief executive Colette Cohen said: \u201cI constantly hear from people that \u2018the technology to solve our problems exists today\u2019. I would say that the affordable technology does not exist.<\/p>\n\n\n\n

\u201cIt lacks maturity, commercial reality and scalability, and so the concept of test and demonstration facilities to innovate against all of these new solutions to make them fit for UK manufacture, affordable and scalable is what\u2019s so important.\u201d<\/p>\n\n\n\n

Key recommendations <\/strong><\/h2>\n\n\n\n

The report authors put government incentives for \u201crapid\u201d test and deployment top of their recommendations, particularly for components that have the potential to be scalable and modular. \u00a0These could slash levelised costs \u201cby at least 50%\u201d for offshore wind, electrolysers for hydrogen, and CCS.<\/p>\n\n\n\n

It also calls on government to \u201csponsor and champion\u201d test and demonstration centres, which could \u201cde-risk or fail fast\u201d multiple offshore wind technologies to ensure pace and cost reductions.\u00a0They could also bring together different elements of the supply chain and \u201cpromote, standardise and scale promising technologies which could be developed\u201d.<\/p>\n\n\n\n

Last on the list is creation of an infrastructure plan to transport, transmit, store and manage new energy commodities such as hydrogen, ammonia, renewable electricity and CO2.<\/p>\n\n\n\n

A key message from the report is that there is \u201cno single solution\u201d and the industry needs to be more \u201centrepreneurial\u201d to capture the opportunity.<\/p>\n\n\n\n

Ms Cohen said: \u201cIf we want to take up the opportunity that all of this new energy provides to the UK, then it is super important we start doing the innovation, testing and the design for build and manufacture in the UK now.<\/p>\n\n\n\n

\u201cOtherwise we will buy those solutions from somebody else by 2030 and that\u2019s not going to give you the jobs or the value that this opportunity could bring the UK.\u201d<\/p>\n\n\n\n

That requires companies to \u201cbe bold\u201d with their approach to innovation and industry making sure that as much of the work as possible is delivered \u201cwithin the country\u201d.<\/p>\n\n\n\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New research has set out how the UK could rapidly accelerate net zero technologies and cut costs in the \u201ccritical\u201d years ahead to capture global economic opportunities. 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