Aggreko is set to begin an innovation programme to develop next-generation power solutions in Scotland, UK.
The new £33m ‘Future Technology Initiative’ will last for three years, and is expected to create 23 highly skilled research and development jobs.
For its new initiative, the company has also received a grant from Scotland’s national economic development agency called Scottish Enterprise.
The grant will be used by the company to develop renewable solutions, with a particular focus on solar-diesel hybrid solutions and energy storage systems.
In addition, Aggreko will focus on the development of efficient engine technology and the introduction of waste heat recovery systems in order to reduce the cost of energy for communities and industries around the world.
Aggreko CEO Chris Weston said: “Power generation and energy markets are going through a fundamental change and businesses, organisations and governments across the globe are having to respond rapidly to this changing energy landscape.
“With an increasingly decentralised energy system and the urgent need for cleaner fuels, which require integration and control, it is necessary that companies innovate and invest.
“The Scottish Government has identified the need for a low-carbon economy and increased innovation as a top priority. We are delighted with the support Scottish Enterprise has shown by contributing funding towards our Future Technology initiative.”
The new initiative aims to deliver greater proportion of renewables as well as sustainable power while improving efficiency with new investments in control systems and automation.
Aggreko will be developing the new products at its manufacturing and technology facility located in Lomondgate, Dumbarton, UK.
Scottish Enterprise managing director Linda Hanna said: “Aggreko is already a world leader in providing temporary power systems, but it is their forward-thinking, innovative approach which will keep them there.
“The company has identified three early stage, highly innovative projects which have the potential to deliver significant competitive advantage.
“By bringing our support to these projects we can help Aggreko maximise its innovation, continue to anchor itself in Scotland and further increase Scotland’s reputation as a global energy hub.”