AVEVA Announces Two New Strategic Partnerships
AVEVA, a global leader in industrial software, recently kicked off AVEVA World 2024 at the Palais des Congrès in Paris. This annual flagship software conference serves as a platform for leading industrial companies worldwide to discuss the potential of cutting-edge technology in creating impactful solutions. The event featured executives from key sectors, including Power, Chemicals, Minerals, and Food and Beverage, all united in their goal of leveraging advanced software to enhance business performance and promote sustainability.
During the press conference, AVEVA’s CEO, Caspar Herzberg, unveiled new strategic partnerships with Vulcan Energy Resources (VER) and Oxford Quantum Circuits (OQC). Vulcan Energy Resources is setting out to become the world’s first lithium company with a carbon-neutral footprint through its innovative lithium technology. The collaboration with AVEVA will focus on Vulcan’s ambitious €1.5 billion engineering project in Germany’s Upper Rhine Valley, with AVEVA laying the digital groundwork for this initiative. This partnership underscores both companies’ dedication to driving digital transformation and sustainability throughout the lifecycle of industrial operations.
Vulcan’s mission is to decarbonize lithium production by creating a dual lithium chemicals and renewable energy business that achieves net-zero greenhouse gas emissions. Their platform, CONNECT, will enhance collaboration and digital agility across various project phases and industrial assets. Through this partnership, VER will access a comprehensive suite of software solutions tailored to the project’s first phase and future developments. Key tools, such as AVEVA’s Contract Risk Management (CRM) and Asset Information Management (AIM), along with AVEVA’s advanced digital twin technology and Assai’s Document Control and Management system, will facilitate secure data sharing among all stakeholders, including contractors.
Caspar Herzberg commented, “This collaboration reinforces our commitment to digital transformation and sustainability throughout the lifecycle of industrial assets. By working together with Vulcan, we’re enabling them to fully utilize CONNECT, which will enhance collaboration and accelerate the software that supports their groundbreaking lithium technology.”
Cris Moreno, CEO of Vulcan Energy Resources, expressed enthusiasm about the partnership, stating, “This Memorandum of Understanding signifies the start of a promising long-term collaboration between Vulcan and AVEVA. We are excited to have AVEVA as a key partner in delivering world-class digital solutions for Phase One of our integrated renewable energy and zero-carbon lithium project ecosystem and beyond.”
In addition, AVEVA’s partnership with Oxford Quantum Circuits (OQC) aims to explore the application of quantum computing within the industrial sector. Though still emerging, quantum computing holds the promise of saving customers time and money while lowering energy consumption. By partnering with OQC, AVEVA plans to harness the potential of quantum computing, enabling clients to tackle new challenges and achieve what was previously considered impossible. Quantum computing is expected to dramatically outperform classical techniques in terms of speed and efficiency, while also reducing costs and energy use, particularly for AI-driven large language models and big data analytics.
When discussing the partnership with OQC, Caspar Herzberg stated, “We often hear that time is money, but today there’s a new understanding: time is sustainability! The climate crisis demands that industries expedite their journey toward net-zero. The quicker we innovate for a better world, the better off we all will be. Quantum computing is transformational in terms of speed, efficiency, and precision. I truly believe that quantum technology will unleash faster and more sustainable innovation in various industries.”
Gerald Mullally, CEO of Oxford Quantum Circuits, added, “Quantum computing is poised to revolutionize every sector with its ability to process information more swiftly and with greater nuance. With OQC’s capabilities, quantum technology is becoming a tangible, accessible asset for businesses like AVEVA to experiment with. We eagerly anticipate unlocking this potential for their customers.”
