The impacts of climate change are global in scope and unprecedented in scale. Without drastic action today, adapting to these impacts in the future will be more difficult and costly.
According to the World Economic Forum, energy-intensive industries (EIIs) account for 22 percent of global CO2 emissions. These industries lack an effective global climate policy response strategy and have a high dependence on the fossil-fuel production system, resulting in carbon lock-ins. Improving process efficiencies and reducing carbon emissions for these industries can have a substantial global impact. Even from a business standpoint, process inefficiencies and energy losses represent a $200 billion opportunity loss for EIIs in incremental revenues annually.
As climate change dialogues bring up the relationship between industry competitiveness, energy efficiency, and carbon emissions, it begs the question – how do we make our industries climate-friendly?
Reducing emissions with AI and digital twins
LivNSense’s flagship digital twins platform, GreenOpsTM, uniquely addresses the energy balance by harnessing the power of AI and digital twins technology to impact decarbonisation across the process value chain with 100+ patented IPs in Process AI.
GreenOpsTM captures the real-time process data by integrating with operation technology and information technology systems and generates predictive recommendations for the operator. Its plug-and-play platform with process digital twins enables cognitive functions for a cleaner, optimised, and streamlined production process. The platform also enables green operations through its patented Energy Balance AI system, while also using physics-based AI models to improve the bottom-line of operations and reduce emissions using real-time analytics which use self-optimisation techniques.
Realising ROI within 12 months
LivNSense’s solution is a subscription-based platform, which is already deployed in North America and India markets, delivering up to 5 percent yield improvement for the petro-chemicals, chemicals and pharma industry, and GHG carbon reductions by 5 percent – which translates to saving around 70,000 trees annually. Interestingly, the ROI is realised within 12 months with measurable outcomes.
A leading aluminium smelting plant in India deployed GreenOpsTM to optimise its aluminium fluoride consumption – thereby improving its smelting pot temperature balance and production efficiency. The solution delivered 1.2 percent improvement in aluminium production due to the optimisation of energy balance and aluminium fluoride consumption in real-time.
The founding team
“I formed LivNSense with close friends and ex-colleagues – Priyanka Kumar, Ajatashatru Singh, and Rajan Bhatnagar as we all shared a common dream and passion to build a safer and sustainable world,” says Avnish Kumar, Founder and CEO, LivNSense.
Source: yourstory.com
