ETZ secures funding from Scottish Enterprise and bp for Energy Incubator and Scale Up Hub in Aberdeen
ETZ Ltd, the not-for-profit company tasked with spearheading North East Scotland’s energy transition ambition, has secured £2m support from Scottish Enterprise and £1.25m from global energy firm bp to begin construction of Scotland’s first Energy Incubator and Scale Up Hub (EISH).
The hub will be the focal point of an Innovation Campus, one of five specialist campuses being developed across the Energy Transition Zone which will become the largest dedicated energy transition complex in Scotland.
ETZ Ltd has secured significant funding support from bp and Scottish Enterprise who will become Founding Partners of the hub and the remainder of the funds for the project will be supported through the Scottish Government’s Energy Transition Fund.
Located at Hareness Road in Altens Industrial Estate, the hub will comprise 3000 sqm of flexible industrial and collaboration space that will foster manufacturing, supply chain company building, technology research and development and commercialisation, alongside targeted business support to drive entrepreneurship, innovation and growth. Subject to planning permission, work is expected to begin on the facility in Summer 2023 with opening planned for summer 2024.
In the lead up to the EISH building becoming operational, ETZ Ltd will be launching a number of initiatives focused on building the supply chain community including regular networking events, a mentoring programme and targeted energy transition challenges, whilst also working with low carbon operators and developers.
bp Senior Vice President North Sea Doris Reiter and Scottish Enterprise Chief Executive Adrian Gillespie joined ETZ Ltd Chairman Sir Ian Wood and Chief Executive Maggie McGinlay to announce the funding package and to view initial illustrative plans for the Hub.
Sir Ian Wood, ETZ Ltd Chairman, said: “Innovation and a pioneering entrepreneurial spirit have been the hallmark of the North East of Scotland’s energy sector for over 50 years. The Energy Incubator and Scale Up Hub will help build on that proud reputation, allowing us to expand our vital energy supply chain, and be an integral part of the Innovation Campus and Energy Transition Zone.
“We are hugely grateful to bp and Scottish Enterprise for supporting this major project which is further evidence of the importance of collaborating closely with industry and government if we are to achieve an accelerated and successful energy transition, one that creates sustainable jobs and company growth as we create a cutting-edge innovation ecosystem.”
Adrian Gillespie, Scottish Enterprise Chief Executive, said: “In a region renowned for its engineering talent, innovation and ingenuity, Aberdeen’s Energy Transition Zone will be a leading innovation district at the forefront of a green energy future.
“Scottish Enterprise has supported the Energy Transition Zone since its inception and is delighted to provide its Energy Incubator and Scale Up Hub project with £2 million funding. The hub will provide a base for green energy start-ups as well as oil and gas companies and associated supply chains who are pivoting their expertise towards the net zero transition.”
Doris Reiter, Senior Vice President North Sea, bp, said: "A highly skilled and innovative supply chain has been the beating heart of the north-east of Scotland for decades. The expertise and technology developed here is a global success story and you would be hard-pressed to visit an oil and gas region anywhere in the world and not find Scotland's influence.
“We're at an exciting moment again in this region's energy story, not least through bp's own plans to scale up offshore wind, hydrogen production and electric vehicle charging, while continuing to focus on safe, reliable, and low emission production of oil and gas from the North Sea. We're proud to be supporting the ETZ's EISH to help ensure this region's pioneering spirit lives on for many more decades."
Notes to editors
NOTES TO EDITORS
Photograph l to r: Sir Ian Wood, Chairman of ETZ Ltd; Maggie McGinlay, Chief Executive of ETZ Ltd; Doris Reiter, Senior Vice President North Sea, bp, and Adrian Gillespie, Chief Executive of Scottish Enterprise in front of an artist’s impression of Scotland’s first Energy Incubator and Scale Up Hub.
ABOUT ETZ LTD
ETZ Ltd is a not-for-profit organisation operating on the basis of no commercial gain and with one over-riding goal; to protect and create as many jobs as possible ensuring a sustainable and vibrant future for the North East and the people who live and work here. The Energy Transition Zone will support the creation of a world-leading hub for renewables energies – offshore wind, hydrogen, carbon capture and storage - establishing a sustainable cluster of activity, jobs and skills. By 2030, ETZ Ltd will have designed and completed the phased development of the Zone creating 2,500 direct jobs and a further 10,000 in energy transition related jobs across the region.
A summary of the Energy Transition Zone’s specialist campus model can be accessed here:
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LinkedIn at Energy Transition Zone Ltd | LinkedIn
The North Sea has been an important part of bp’s business for nearly 60 years. Today, bp continues to provide a home-grown source of energy through a portfolio focused around five oil and gas production hubs in the central North Sea and west of Shetland. bp’s plans in the North Sea will see it continue to invest to produce resilient hydrocarbons that are aligned with its purpose and net zero strategy – that is oil and gas that can be produced with lower operational emissions, safely, reliably, and competitively, maximising the resources and infrastructure around existing hubs. bp’s North Sea oil and gas operations, growing low carbon businesses and community partnerships will see it build on and transform its long-standing position in Scotland’s energy industry, supported by a talented workforce and supply chain, eager to help make the UK’s net zero ambitions a reality.
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ABOUT SCOTTISH ENTERPRISE
Scottish Enterprise (SE) is Scotland’s national economic development agency and a non-departmental public body of the Scottish Government. It supports businesses to innovate and scale to transform the Scottish economy by focusing on new market opportunities through targeted investment, innovation and internationalisation.