ADNOC Launches Global Decarbonization Technology Challenge with a Prize Pool of $1 Million
AE-based energy company and offshore oil producer Abu Dhabi National Oil Company (ADNOC) has launched the Decarbonization Technology Challenge, a global competition aimed at finding innovative solutions that will reshape the global energy landscape.
Applications are open until August 11, 2023, and can be sent on the Challenge's official website portal.
The competition is also supported by Amazon Web Services, a subsidiary of US-headquartered multinational firm Amazon that provides cloud services, bp, a UK-headquartered multinational oil and gas company, Hub71, a UAE-based startup tech ecosystem, and Net Zero Technology Center, a UK-headquartered technology company that is focused on net zero energy (energy produced from renewable and zero-emission sources) solutions.
Those interested in applying for the Decarbonization Technology Challenge must ensure that their business ideas fall within the following areas of technology: carbon capture, utilization and storage; new energies (such as hydrogen-based solutions, and solar energy services); oil and gas emissions reduction; digital solutions with greenhouse gas emissions reduction; nature-based solutions; and advanced materials for decarbonization.
Entry criteria for the competition includes that the technology should be pilotable within ADNOC and not yet globally deployed. Additionally, the submitted technology ideas should be at technology readiness Level 4 to 8 inclusive, and suitable for UAE climate conditions. To read the full entry criteria list, head to the official Decarbonization Technology Challenge website.