We use cookies
To help provide you with a good experience on our website. By continuing to browse the website, you are agreeing to our use of cookies.

Key digital technologies that would contribute to the energy transition the most


Key digital technologies that would contribute to the energy transition the most

Trying to determine what technologies would contribute to the energy transition the most, Globuc spoke to Harshit Sharma – Lead Analyst at Lux Research.

What is Lux Research doing, and what is your role in particular?

Lux Research is a consulting firm, or as you can call it – market intelligence. We help our clients with open innovation by helping them to connect the dots with innovative technologies, new startups, and academia. Basically, we are helping them to innovate outside R&D.

As you are probably aware, a lot of traditional oil & gas companies have their venture groups – Shell, Total, BP amongst them. So, a lot of these companies are looking externally for innovation. That’s where we help them. We provide information, reports, we speak with startups or any company that our client might be interested in. Essentially, we help to form an innovation strategy for companies.

What would be the key digital technologies that would contribute to the energy transition the most?

It’s a good question. How I perceive the digital as a facilitator or enabler for the energy transition. But fundamentally, the emissions will go down in the industry due to the fact that practices will become better, not the digital technology itself.

The three emissions that I will touch base on in my presentation are carbon, methane, and water.  The issue with water emission is not that common, but if you look at major producers in the US – the water treatment is a major problem there. The main focus of digital would be in methane emissions. That‘s where the digital is going to have the biggest impact and it is going to be two-fold – one is remote sensing and another is related to AI applications. Right now, I see sensing as the main area where digital is going to bring value for cutting emission.

When it comes to methane, there is no point-source where emission is going to be. You can’t predict which infrastructure or equipment is going to leak methane, so you have to consistently monitor the infrastructure.  You can achieve it with imaging systems, like hyperspectral cameras, by regularly deploying autonomous drones to refinery or oilfield to consistently monitor the fields and fix the leak as soon as it appears.

Could you name some interesting startups that are working in this field right now?

SeekOps and Scout Drone: These are the companies Equinor has invested in. SeekOps is the developer of light-weight methane sensors that can be mounted on Scout Drone’s autonomous drones so oil and gas players can better monitor offshore oilfields, refineries, etc. It will give Equinor the tools to better monitor methane emissions.

Satelytics: Using AI to understand constituents of wastewater stream so operators can plan ahead for treatment equipment so they can extract precious metals such as lithium.

Relevant news

SAP supports utilities across the EU to enable the energy transition
The need for decarbonisation has been the driving force behind policies like the European Green Deal.
EU, Norway form a Green Alliance to facilitate the energy transition
The European Union and Norway had agreed to combat climate change.
Spain to invest $2.3 billion in S. African energy transition
Spain is providing fund South Africa’s energy transition and water needs.
Global energy transition investments must quadruple to $5T to reach climate targets: IRENA
Renewable deployments worldwide will have to grow from 3,000 GW to 10,000 GW by 2030.
Port businesses are preparing and successfully investing in a future-proof, clean port.
Port of Rotterdam is working full steam ahead towards a sustainable port.
OEUK: UK’s energy security and net zero transition needs consensus across parties
Offshore Energies UK has boost the UK’s reliance on its own homegrown energy from the North Sea.