Can the Energy Industry be Decarbonised? Yes, Say Cyberloop Founders Dr. Sergey Ziatdinov and Titto Thomas
Cyberloop.ai is concerned about the state of energy markets across the globe. This year's energy shock is the most serious since the 1970s during the Middle Eastern oil crises.
Like those disasters, it promises to inflict short-term pain and, in the longer term, transform the energy industry.
The pain is all but guaranteed: owing to high fuel and power prices, most countries are facing low growth, high levels of inflation, worsening living standards, and political changes that are forcing leaders out of office.
But the long-run consequences are far from predestined. If governments respond badly, they could trigger a relapse toward fossil fuels, making it even harder to stabilise the climate. We are at a tipping point, so making the right decisions has never been more important.
Instead, leaders must follow a dangerous path that combines the security of energy supply with climate security.
Across the globe, energy demand is at an all-time high, driving up prices and placing enormous pressure on the cost of living.
Can the energy industry be decarbonised?
Analysts are conflicted about whether this problem can be solved. Renewable energy is high on the list of ways to better power mining projects, but transitioning from fossil fuels to renewables for onsite power generation is, compared to other areas, quite complex.
Fixing the world's energy emergency crises without wrecking the environment seems to be an impossible task, but Cyberloop is up to it, says founders Dr. Sergey Ziatdinov and Titto Thomas.
The company, founded in 2020, is coming together with a new mindset for operating and service companies.
Its innovative digital solutions, operational and business models improve overall project delivery and help to keep under control new challenges, such as carbon emissions and lack of personnel.
These new technologies allow personnel to achieve hitherto unseen achievements, according to Cyberloop.
Such an approach also proves that acceptance of the challenges facing society at the moment is not enough, the world needs to act and act quickly in different ways in order to save the planet.
How do they compare to rivals?
With the strategic acquisition of Shell's SPOC licences, which contains a suite of tried and tested automation solutions, Cyberloop is challenging existing established players like Schlumberger with newer business models, designed to decarbonise and enable transition without capital shocks.
Analysts are excited about Cyberloop's prospects, and new clients are signing up in significant numbers, indicating that it might have the edge in this market.
Their proprietary ecosystem is built on leveraging large-scale use of 4IR solutions which employs AI, Big Data & Analytics, IoT (Massive proliferation of sensors in infrastructure and operations) and Automation to change Business and operational models.
"Our value proposition is a business and operational model based on automation and other 4IR technologies, which sum up Energy 4.0, to accelerate energy transition through sustainable methods," shares Thomas.
Experts in the industry believe Cyberloop's platform could be the beginning of a revolution to decarbonisation the energy industry using modern internet tools and technological advances.