“Akselos – leader in physics-based Digital Twins – today announces a $16.5 million funding round, with participation from AT Capital Group, Future Energy Ventures, Japan Energy Fund and Shell Ventures.
With the latest investment round, Akselos will acquire an investor base to support the company’s ongoing global growth, enabling it to scale both its team and solutions to optimise the energy industry’s existing infrastructure and accelerate large scale deployment of renewable energy. This is a crucial step toward the company’s aim of providing technology to enable the energy transition in line with Akselos’ commitment to the IEA Net Zero 2050 roadmap.
Image Credit of Digital Twin Modelling from Akselos
Akselos’ solution – which is 1,000x faster and 10x more accurate than the industry standard when modelling large scale assets – simulates exact virtual replicas, or predictive and accurate Digital Twins, of energy assets such as offshore wind turbine and their foundations.”
Learn more by reading the full Akselos press release HERE.
The Addnode Group of European companies has keen focus on the use of PLM-enabling technologies, like Digital Twins, to address the challenge of sustainability. They reference numerous examples in a new report that explores the role of Digital Twins in sustainability.
In the report, the authors write:
“Digital Twins are gaining recognition and popularity as a solution for digitally representing a product, building or even a human being. This is enabling new
opportunities to improve performance, operations, productivity, or quality of life.
Digital Twin strategy to drive sustainability programs can be profoundly effective. Digital Twins offer significant benefits when planning, implementing, and realizing:
Reduced energy consumption
Reduced material consumption and the switch to more sustainable materials
Workforce activity optimization – travel, server usage, etc.
Automation and robotization of hazardous and/ or repetitive tasks to improve working conditions and health.
Furthermore, Digital Twins provide several advantages in the recycling of a product based on a comprehensive and digital description, allowing for strong traceability and the efficient and controlled dismantling and recycling of material.”
Learn more about their pioneering work HEREwhere you may download their Digital Twins Report
A report from Dassault Systemes and Accenture on the role of virtual twins in accelerating sustainability advocates the transformation of industry that will be needed to achieve sustainability goals by 2030 by developing new ways of managing products and services over their entire lifecycle using virtual digital twins.
The paper examines the “opportunities and the use cases where virtual twins can, or already are, modeling entire value chains as virtual experiences, demonstrating how the technology can unlock combined additional benefits of USD $1.3 Trillion of economic value and 7.5 Gt CO2e emissions reductions between now and 2030.” Read more at https://www.3ds.com/sustainability/sustainability-insights/designing-disruption.
From the World Economic Forum post on “Scientists are developing a digital twin of the Earth to fight climate change” the author Simone Ulmer writes “To become climate neutral by 2050, the European Union launched two ambitious programmes: “Green Deal” and “Digital Strategy”. As a key component of their successful implementation, climate scientists and computer scientists launched the “Destination Earth” initiative, which will start in mid-2021 and is expected to run for up to ten years. During this period, a highly accurate digital model of the Earth is to be created, a digital twin of the Earth, to map climate development and extreme events as accurately as possible in space and time.” Read the complete article HERE.
This green energy case study from Akselos profiles the use of Digital Twin modeling and CAE simulation in hydroelectric power generation that uses pumped storage where a reservoir is filled with water at times of excess power availability. Read more details HERE.
“Disruptive innovations are needed to deliver the UN Sustainability Goals by 2030. Virtual twin technology could enable the radical action needed by stakeholders. Pioneering study highlights potential for this technology to help address climate crisis.” Learn more in this World Economic Forum article from the Davos Agenda.