Industrial efficiency has been called an invisible solution to the climate emergency.
To accelerate the transition to more energy-efficient and cost-effective water infrastructures, Sustainable Development Technology Canada (SDTC) invested $2.8 million in Pani Energy's artificial intelligence (AI) water treatment optimization technology.
The funding will accelerate Pani Energy’s development and deployment of its award-winning plant optimization technology, allowing water treatment plant owners and operators to be part of two solutions at once: save on vital operating costs while tackling climate change.
Pani will use this support from SDTC to grow its technology and business development teams, as well as work with consortium partners to deploy its AI solution at large scale public and private plants in North America and the Asia Pacific region.
“The water industry is thirsty for innovation and Pani is filling this gap with its AI solution. We estimate a global deployment of our technology would reduce greenhouse gas emissions by 200 megatons annually, roughly the equivalent of taking 43 million cars off the road. We are laser focused on making this happen.” says Devesh Bharadwaj, CEO of Pani Energy.
“This investment will help us grow our team and place us in an excellent position to expand internationally. COVID-19 has put additional burden on water utilities, and there is no better time for us to support these utilities with advanced digital solutions.” added Bharadwaj.
The funding, announced on September 16, is part of a $24.8 million dollar total investment distributed across nine Canadian companies that each specialize in innovative clean technologies to facilitate Canada’s leadership in tackling climate change, fostering a low-carbon economy, and improving overall quality of life on a global scale.
“Innovative and resilient entrepreneurs like the talented team at Pani Energy make me more hopeful about the future than ever before. Pani's work on developing optimization tools for water treatment plants will allow plant owners to reduce their energy and chemical use. Their goals are ambitious and SDTC is here to help them meet and exceed them!”
- Leah Lawrence, SDTC’s President and CEO
“Clean Tech companies like Pani Energy are changing the world with their innovative AI technology. With this investment our government is helping ensure that Canada is the most competitive market for clean technology companies.”
- Navdeep Bains, former Canadian Minister of Innovation, Science and Economic Development
SDTC official press release here
Canadian Federal Government official press release here
Pani provides a turn-key, cloud-based machine learning software platform that improves the efficiency of industrial and city scale desalination, water and wastewater treatment plants.
The platform provides an Artificially Intelligent or AI Coach™ for the entire plant, that works with the plant's existing instrumentation and equipment- no retrofits required. This technology, already deployed in North America and Asia Pacific, integrates within weeks, collects and ingests plant data, learns the complexities, and provides proactive instructions to operators in real-time.
The plant's operations and management teams take actions based on the Coach's instructions and recommendations, to optimize plant performance, reduce energy & chemical consumption, increase the longevity of assets like reverse osmosis membranes, and prevent costly down-time. The result: lower operational expenses and increased entire plant performance in the range of 3-25% (which, as large plants know, even 5% can equate to millions of dollars in savings).
If you'd like to see what the AI Coach can do for your plant, or your municipality, Contact us today!