Decarbonization Know-how Problem led by ADNOC in collaboration with AWS, bp, Hub71 and Web Zero Know-how Centre
Competitors open to vitality transition know-how innovators all over the world
10 finalists will pitch their improvements to judges in December 2023, with winners receiving as much as $1 million to pilot know-how with ADNOC
ADNOC, in the present day launched a worldwide competitors to search out improvements that can reshape the worldwide vitality panorama. The Decarbonization Know-how Problem is being supported by Amazon Internet Companies (AWS), bp, Hub71, and the Web Zero Know-how Heart.
The competitors was launched at UAE Local weather Tech Discussion board in Abu Dhabi, the place over 1,000 world coverage makers, innovators, and industrial leaders met to drive technological options for decarbonization.
Ten finalists can be invited to pitch their improvements to a panel of judges in December 2023. Winners will obtain as much as $1 million (AED3,670,000) in piloting alternatives with ADNOC. Scale-up corporations specializing in carbon seize utilization and storage (CCUS), new energies, oil and gasoline emissions discount, digital purposes and superior supplies for decarbonization, and nature-based options are inspired to use.
Musabbeh Al Kaabi, Govt Director, Low Carbon Options and Worldwide Progress Directorate, ADNOC mentioned: “We’re delighted to launch the Decarbonization Know-how Problem alongside our companions. ADNOC has earmarked $15 billion for landmark decarbonization initiatives by 2030, together with carbon seize, electrification, new CO2 absorption know-how and enhanced investments in hydrogen and renewables. We stay up for nurturing corporations with probably the most promising improvements that may assist rework, decarbonize, and future proof the worldwide vitality sector.”
The search will culminate in a ultimate within the UAE in December 2023. 10 shortlisted entrants can be invited to current their concepts to a panel of knowledgeable judges. In addition to receiving as much as $1 million (AED3,670,000) in piloting alternatives, winners will achieve entry to state-of-the-art analysis and innovation amenities in Abu Dhabi.
Entrants have 12 weeks to compile their purposes and submit through a portal on decarbonization-challenge.com by Friday, August 11, 2023. The web site outlines the entry standards for individuals.
The competitors is being delivered in partnership with the Web Zero Know-how Heart and supported by AWS, bp and Hub71. It helps ADNOC’s technique to convene cross sectoral companions to search out contemporary and significant options to speed up a accountable vitality transition. AWS, bp and Hub71 will present further funding, panel judges and enterprise assist for the winners.
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