SCOTTISH ENTERPRISE ANNUAL REPORT AND ACCOUNTS 2026
Performance Report
25
A partnership at the Energy Transition Zone (ETZ) in Aberdeen formalises a long-term commitment to co-design and co-fund transformational projects, strengthening supply-chain capability and attracting global investment.
Through this partnership, Scottish Enterprise is helping to build a globally competitive cluster that turns energy transition opportunity into investment, jobs and long-term economic growth in the north-east.
The partnership is designed to unlock up to £65m of total investment by 2032 across manufacturing, innovation and test-and-demonstration infrastructure. The first investment under the partnership is £2.8m into ETZ EnergyWorks, a low-carbon energy incubator and scale-up hub supporting emerging and high-growth companies.
The first investment under the partnership is £2.8m into ETZ EnergyWorks, a low-carbon energy incubator and scale-up hub supporting emerging and high-growth companies.
Other areas of collaboration include attracting global investment, creating high-value jobs, enhancing net zero infrastructure, enabling new technology development and bolstering Scotland's renewable energy supply chain.
Companies based at ETZ will also benefit from direct access to Scottish Enterprise specialists in industries such as offshore wind, hydrogen, sustainable alternative fuels and carbon capture, utilisation and storage (CCUS).