Gary McDonald Business Editor
22 September, 2022 03:00
QUEEN’S University spin-out MOF Technologies has been selected to join the Tech Nations Net Zero 3.0 program after developing a system being heralded as a game-changer in the race to combat climate change.
MOF is the only one from Northern Ireland chosen among 34 early-stage companies for the third iteration of what is Europe’s first program dedicated to supporting the UK’s most promising climate tech companies and accelerate its path to net zero.
This year’s successful companies were assessed by 50 judges across key industries, including climate specialists, investors and senior representatives from companies such as Google, Sage and BNP Paribas.
The companies – more than half of which are based outside London – were judged on their scalability and potential to help the UK reach its high-priority net zero goal.
MOF (which means Metal-Organic Frameworks) Technologies designs and manufactures proprietary clean-tech nano-materials.
The company believes it can revolutionize the world of carbon capture following the development of a new modular system called Nuada, which can reduce capture costs to as low as £13 per tonne of Co2.
The company’s chief operating officer Conor Hamill said: “Climate technology like Nuada will provide a greener, more sustainable economy for the UK and a better quality of life for its citizens.
“Nuada represents a step-change for commercial carbon capture due to its ability to cut associated energy costs – often seen as the biggest barrier to implementation at scale – by up to 80 per cent when compared to other systems.
“We are excited to be a part of the Tech Nations program, which will help accelerate our scale-up ambitions, grow our network of key decision makers and gain valuable insights from experienced industry leaders.”
.