Four foreign energy corporations have partnered with Enterprise Singapore in calling on new companies to provide and expand virtual responses to address key industry challenges.Specifically, 19 challenge statements similar to robotics, sustainability, workflow and asset control have been published.
Shell, Chevron, ExxonMobil and ConocoPhillips and the Singapore government firm have jointly presented the Energy Open Innovation Challenge, which they say would give small and medium-sized enterprises (SMEs) and startups the opportunity to provide and their responses together with power companies.
In a set released Thursday, they said the COVID-19 pandemic had had an effect on the global energy sector, where lockdown measures and limited air travel led to a significant drop in energy demand. the way energy corporations controlled their operations and the deployment of their workforce.
In addition to these recent developments, the sector has sought more efficient and sustainable energy sources, such as liquefied herbal fuel and hydrogen, in recent years as a component of efforts to reduce carbon emissions and achieve some sustainability.
Energy organizations deserve to adopt new workflow technologies in various parts of their operations and manage their assets more cost-effectively.They deserve to reduce manual responsibilities and create higher value-added roles, corporations said.
The 19 challenge statements called for proposals to address various responsibilities and efficiency, such as using robotics to remotely paint confined spaces or determine corrosion of garage tank plates without having to dismantle the tank.Other challenge statements have called for opportunities to update plastic packaging at the lubricant source, as well as to reduce and manage greenhouse fuel emissions from marine and terrestrial utilities, such as refineries and power plants.
Ted Tan, Deputy Executive Director of Enterprise Singapore, said: “The COVID-19 pandemic underscored the importance of innovation in the energy sector and the price of corporations that combine to solve industry challenges.The [innovation challenge] provides a non-unusual platform to facilitate opportunities for SMEs and start-ups to verify their responses and identify a history with identified power corporations.
“Similarly, corporations can tailor cutting-edge responses to meet their express desires to face demanding situations and explore new opportunities for expansion,” Tan said.
Enterprise Singapore would offer up to SG $1 million ($735,510) in grants to help eligible applicants lead the progression of their applications.The first winner in the category of 19 challenge statements could also receive a cash prize of SG $25,000 ($18,387).
In addition, shortlisted applicants would be presented with the opportunity to collaborate with the 4 energy corporations and expand and verify their programs in Singapore and their overseas offices.
Neo Ee Ee, refining procedure manager at ExxonMobil Singapore, noted that the organization has already carried out various pilot and virtual projects in its production facilities for the protection and productivity of its operations.other virtual technologies.
Neo said: “The COVID-19 scenario underscores the desire to drive our digitalization adventure and expand the virtual skills and delight of our staff, so that we are well placed for the opportunities presented through this transformation.”
Shell had also worked with local SMEs and startups to refine their responses for the energy sector, leveraging virtual technologies such as drones, complex analytics and augmented reality.Singapore’s energy transition director, Chong Leigh Hsiang, said the challenge of innovation would be to meet Shell’s targets of 0 net emissions through 2050.
Interested startups and SMEs have until November 6 to submit their applications.
Singapore accredits COVID-19 with explanation of virtual transformation plans
PropertyGuru secures final investment of $220 million
The global pandemic opens a box of protective worms
TikTok to sue U.S. for ban
By registering, you agree to the terms of use and knowledge practices defined in the privacy policy.
You’ll get a free subscription to Tech Update Today and ZDNet Announcement.You may opt out of receiving such newsletters at any time.
You agree to get CBS circle updates, alerts, and promotions from business family members by adding the ZDNet Technology Update today and the ZDNet Announcement.You can opt out at any time.