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Member News15th May 2019

New TechX Pioneers to accelerate low-carbon technology in oil and gas

The Oil & Gas Technology Centre (OGTC) and Deep Science Ventures (DSV) have selected two pioneering start-up companies – Eltera and Optic Earth – to join the TechX Pioneers technology accelerator programme.

2019 TechX Pioneers include ten start-ups from across the oil and gas and clean-tech industries. Eltera’s technology converts wasted heat into electricity, reducing greenhouse gas emissions, while Optic Earth uses cutting-edge artificial intelligence to remove human bias from the seismic imaging workflow, improving the quality of images available.

The start-ups will embark on a 16-week Pioneer programme, which provides up to £100,000 in funding with no equity or pay back required, and close access to top-tier industry partners such as strategic partners BP and KPMG. Read more…