Complexity. Our society and every segment of it is becoming more complex. The information was not readily available for terribly, in-depth analysis and not automated enough to make even basic systems take full advantage. For most of the last 30 years, seismic data processing and airline scheduling were the two most complex computer CPU users, calculating a very wide range of variables and as computer horsepower has increased, the speed of calculations has accelerated. But speed without correct answers is finishing the test first but getting a C. As the Internet of Things has continued, there is significantly more data available but the complexity of variable outcomes in any usable time frame has continued to be somewhat elusive and definitely not optimized. And this applies to every industry. There are some sub sectors that have seen dramatic improvements in model and prediction. Observable results can still be elusive. So when a system is developed with the specific goal of optimizing pricing across a large number of diverse locations, it stands out as a very good example of what is possible today.

For this Company Spotlight, we interviewed PriceEasy’s Founder and Chief Executive Officer (Raj Golecha). PriceEasy combines the power of data science, human ingenuity, and machine learning to help fuel retailers strategize and execute their fuel pricing decisions using artificial intelligence to identify key pricing opportunities in their market. For more information on PriceEasy, please visit www.priceeasy.ai.

Background: Before founding PriceEasy, Raj Golecha worked in the downstream and retail fuel sectors. During that time, he discovered that corporations were not leveraging external data nearly as much as they should have been, especially around their pricing strategies. Further, he ...............READ MORE

Denbury is an independent energy company with operations and assets focused on Carbon Capture, Utilization, and Storage (“CCS”) and Enhanced Oil Recovery (“EOR”) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCS through the injection of captured industrial-sourced CO2. This transaction combines assets and capabilities which further accelerate ExxonMobil’s Low Carbon Solutions business and creates an even more compelling customer decarbonization proposition.

Related Press Release: ExxonMobil Announces Acquisition of Denbury

Elysian provides integrated end-to-end carbon capture and storage (“CCS”) solutions to owners of industrial and power facilities seeking to transition to low-carbon products and address environmental, social and governance goals. Elysian’s services include the capture of carbon dioxide from diverse fluid streams, compression, transportation, permanent geologic storage and all of the permitting and financial structuring work necessary to accomplish these services, including securing Class VI injection permits and qualifying sites under the EPA’s monitoring, reporting and verification protocols. This acquisition reflects Buckeye’s commitment to continue to provide essential infrastructure and logistics solutions to meet customers’ evolving needs in the energy transition.

Related Press Release: Buckeye Partners Acquires Carbon Capture Company Elysian

Headquartered in Houston, Texas, Detechtion was founded in 1999 with the mission to improve field asset performance and field workforce efficiency for energy companies. Detechtion offers a complementary suite of products including remote asset monitoring, asset performance management, and field service management technologies which enable energy companies to drive efficiency in their field operations. This investment will help Detechtion expand its suite of solutions to serve the oil and gas market more deeply, as well as leverage its existing capabilities in new industrial segments facing similar asset monitoring and optimization challenges.

PVcase is a next-generation PV software-as-a-service company. Driven by world-class engineering and a cutting-edge development team, PVcase is helping power the energy transition by making solar project design faster, more efficient and more precise. PVcase aims to cover every step in the design and operations process in a single platform and this investment comes on the heels of the company's recent acquisition of solar siting leader Anderson Optimization. This investment will be used to drive more cost and time savings by offering a one-stop solar design platform.

Orennia provides trusted commercial analytics to help inform investment and capital allocation decisions for renewable and low-carbon energy. Orennia's insights, curated by highly experienced industry experts, help investors across the energy transition accelerate their time-to-value and make confident investment decisions. The investment highlights Orennia’s differentiated solution for the energy transition with insights across the renewables, storage, clean fuels and decarbonization sectors.

Founded in 2022, Verse's Aria software platform leverages generative AI to help companies quickly, easily, and cost-effectively transition to clean power. Aria empowers companies to define, design, manage, and report on optimal portfolios of clean energy assets to meet their financial and emissions-reduction targets. By empowering companies to reduce costs, de-risk energy procurement, and expedite transactions, Aria will help accelerate and scale organizational adoption of clean energy.

Fervo Energy (“Fervo”) is a leader in next-generation geothermal technology. Fervo completed the well test at its full-scale commercial pilot, Project Red, in northern Nevada. The successful well test confirms the commercial viability of Fervo’s drilling technology and establishes Project Red as the most productive enhanced geothermal system in history. The 30-day well test, a standard for geothermal, achieved a flow rate of 63 liters per second at high temperature that enables 3.5 MW of electric production, setting new records for both flow and power output from an enhanced geothermal system. By applying this drilling technology, Fervo has proven the ability to produce 24/7 carbon-free energy resources in new geographies across the world.

Arolytics is an emissions analytics and software company formed in 2018 that specializes in enterprise management of methane data. With proprietary algorithms and emissions modeling, Arolytics' products and services optimize energy sector emissions management by evaluating technologies for cost-effective emissions management, and by providing SaaS solutions for strategic and integrated methane management. This partnership aims to help Arolytics accelerate the development and deployment of its cutting-edge emissions management software, AroViz, and emissions forecasting model, AroFEMP. The products are designed to address critical environmental challenges for the energy industry, specifically methane emissions management.

Energy Technology Musings

Achieving Observable Results from Analysis of Complex Variables