Democratising Industrial Eco-Efficiency through Digital Systems on the Path to a Zero Carbon Economy

Project Details

Description

The world is evolving rapidly, with the global population set to rise to nearly 30% by 2050, and so will the demand for industrial goods and services as well as the challenges of harmful emissions. As we transition to a Net Zero Carbon world, Energy & Resource Efficiency (ERE) will play a key part, as it greatly reduces the burden on the path to Carbon Capture Utilisation and Storage (CCUS) and renewable energy deployment. The move through the era of the fourth industrial revolution (Industry 4.0) with the ever-growing global electricity and internet backbone, is a great enabler in using digital systems to leapfrog the energy transition.

There are different paths to our future from today, to 2030, and we have decided to accelerate the drive towards a more sustainable and viable future by offering organisations to leverage our novel technology platform to democratise the energy and resource efficiency solution space. Our digital IT platform offers companies a holistic view of their business from an ERE perspective, through a cloud-based, database-backed energy efficiency tool that passes identification of ownership of ERE opportunities from third-party consultants that are less familiar with the industrial assets to the owners of the industrial assets. It empowers industrial plant owners with a very advanced technical capability, that is simple enough for anyone to use. This is a first-of-kind for many reasons including speeding up the process to identifying ERE opportunities, ease of decision making, centralisation of data collection and management, cross-border and language use and collaboration, promotion of inclusion & diversity, etc.

The addressable market is the global ERE business, worth about £5.2 billion and growing at a CAGR of 4.6%, with the UK, China, US, Germany, Canada, and Japan. The market is fragmented, with the presence of many established vendors. The initial target market is industrial plants, especially SMEs who make up 99% of enterprises, provide 60% of employment, and consume 13% of the global energy supply.

Our application is a global game-changer in many ways and has the potential to increase industrialisation in the UK/globally through competitive efficiency, create jobs, create a new agglomeration economy premised on re-industrialisation, lead to increase in exports, clean growth, inclusive prosperity, creation of new products, and the development of agile supply chains. It is a unique opportunity for UK technology developers to bring their innovations to market on the path to a global net-zero carbon economy.
StatusNot started
Effective start/end date31/03/2230/06/22

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