Three Scottish climate tech companies have been accepted into Net Zero 2.0 – the second cohort of the Net Zero growth programme run by Tech Nation, the UK’s leading growth platform for tech scaleups.
Net Zero 2.0 is the first government-backed growth programme designed to support the most promising climate tech companies to accelerate the UK’s and the world’s path to net zero. This year’s successful companies were assessed by 40 specialists across key industries and sectors.
The companies were judged based on their scalability and potential to help the UK reach its high-priority net zero goal. Companies are actively decarbonising each key sector, with the most prominent including energy and electricity, transport, buildings and cities, and agriculture. Carbon removals and space-tech are two new focus areas this year.
With 40% of emissions reductions reliant on technologies not yet at mass-market scale, it is imperative to support the growth of these companies.
In the run-up to COP26, the Net Zero programme aims to help realise these vital tech companies’ potential to drastically reduce global emissions. Every company in the Net Zero 2.0 cohort will be given unparalleled access to long-term investment opportunities, education, talent, press opportunities and a platform with which to influence green policies and create the optimum conditions for growth.
The Scottish climate tech companies accepted into this year’s Net Zero cohort are ACT Blade, Earth Blox and ZUoS, which span a range of different industries. ACT Blade specialises in creating lightweight wind turbine blades (that are both sustainable and cost-effective), while Earth Blox uses satellite imaging technology to help companies observe large areas from space, so that they can monitor and improve their supply chains and activities. ZUoS is an energy services platform which helps businesses plan and operate decarbonised energy systems.
Sammy Fry, Net Zero Lead at Tech Nation, said: “With Europe recording its highest ever temperature on record this Summer, and the latest IPCC report published last month, there isn’t a more urgent time to act on decarbonising our atmosphere. Every successful Net Zero scaleup is another leap closer to decarbonising the world. I’m proud to say that in the run up to COP26, our pioneering Net Zero growth programme gives these ambitious, high-growth climate tech scaleups the access they need to investors, insights, education, networks, and practical support, enabling the UK to lead our transition to a green economy as quickly as possible.”