A total of 15 emerging digital technology companies have begun a 12 month programme working together with major players from across the energy industry to drive digital transformation and culture change in one of the UK’s largest industrial sectors.
The EnergyTech programme, an initiative led by Barclays Eagle Labs, in partnership with Opportunity North East (ONE) and CodeBase, looks to bring together company leaders from large established businesses in the energy sector, and start-up and scale-up leaders from across the UK through monthly virtual meetings in a safe, innovative space to share ideas, and combine expertise around specific shared challenges, as the industry works towards a sustainable model. Startups build domain expertise and incumbents are introduced to new technologies, skills and cultures to transform and accelerate innovatation, helping realise the UK industry ambition to become a global leader in sustainable energy.
Steve Shearman, founder eCERTO, a cohort one start-up said: “The EnergyTech programme is a hyper accelerant and provides the framework to really engage with leaders around hard to solve problems and quickly leverage technology regardless of company size. After just three sessions, the relationship building and quality of conversation is hugely refreshing. In addition, engagement outside the scheduled meetings is building a genuinely strong and cohesive cohort and peer group.”
Jennifer Craw, chief executive, Opportunity North East, said: “The north east of Scotland is home to an exciting and growing cluster of early-stage digital businesses at the forefront of disruptive technology; and a world leading, innovative energy sector. EnergyTech builds the trust and relationships to harness the agility and fail fast methods of early-stage companies to support the energy sector and help it to embrace digital technology as a key enabler to shape the future of energy.”
Dan McAteer, vice president energy at global project and asset services firm, Worley, said: “The UK energy sector has traditionally been highly regulated and risk averse. Established practices and operating models have been difficult to disrupt, meaning the pace of change has lagged other sectors. But given the scale and pace of the energy transition, change is essential. Transformation outcomes will only be achieved with a pioneering mindset, and a willingness to combine new technology with new ways of thinking and working. EnergyTech is an excellent platform to showcase technologies and solutions that will continue to accelerate the energy industry's transition.”
Future EnergyTech meetings will focus on culture, digitising the supply chain, data sharing and digital twins and planning is underway for the next cohort of innovative digital tech companies for the programme. For more information about the EnergyTech initiative, please visit: labs.uk.barclays/energytech