2023 started with a mission and a bang as we initiated the launch of The Industrial Work Surface, which is set to shape the future of work (our new vision!). At the core, it will put humans back in the center of technology while reducing the complexity of systems. The Industrial Work Surface allows you to plan, design, operate, and maintain your assets throughout their lifecycle. Streamlining your daily work, intuitive at any level and enabling carbon-intensive industries to gain real value from digitisation.
We are developing the Industrial Work Surface to ensure a digital solution that any business can implement at any stage of its digital maturity. Predictive maintenance, carbon emissions information, ESG reporting, and technology to balance grids and complex power systems are some features carbon-intensive companies can access and scale within this single end-to-end user surface.
Let’s continue with a significant milestone: Shell Ventures and Idékapital will invest USD 90 million in Kongsberg Digital, fueling our ambitions to become a global leader in technology and digital solutions for heavy assets industries. The investment values Kongsberg Digital at USD 540 million post-money.
This investment is a testimony to our mission to enable smarter, safer, and greener operations across industries and at an even grander scale. It will strengthen our position in driving positive change in heavy asset industries.
Signing new agreements opened doors to fresh opportunities and expanded the reach of Kongsberg Digital. We signed a multi-year deal with Chevron in early January to digitalise their global assets using Kongsberg Digital’s digital twin technology. The contract represents expansions of work performed on contracts signed in 2021, with a committed multiple-asset deployment plan and further applications to enrich Chevron’s user experiences.
Two months later, we announced signing a five-year agreement with Shell Global Solutions International to digitalise their global assets using our Digital Twin Technology.
In other words, 2023 got off to a busy start. The winter months flew by, collaborating with existing customers, fostering strong relationships, and exchanging valuable insights. Our products and services have also gained several marks of quality.
In early May, Kongsberg Digital’s cloud-based infrastructure Vessel Insight was awarded the American Bureau of Shipping (ABS) smart data infrastructure and cyber safety product design assessment. This is the first time ABS has awarded this combination of endorsements to a single product, and it is a quality seal and acknowledgment we are very proud of.
The interest in our cloud-based technology has spiked this year and is used worldwide, and we are strongly dedicated to developing our existing products to ensure better customer value. We relaunched Vessel Performance for offshore vessel operations and launched a new cloud-based navigation simulation solution.
We strongly believe that partnerships fuel our growth and that we can achieve more together.
Over the past six months, we have actively participated in numerous global events, including OTC, Nor-Shipping, Kongsberg Agenda, and Future Oil & Gas – to mention a few. These events are arenas of great importance where we connect, share knowledge, and gain insights.
Our own From Sea to Cloud tour has succeeded both in Rio and Athens, gathering industry experts to discuss the latest updates in maritime digitalization and share ideas on enabling safer, more efficient, and more sustainable ship operations.
We would also like to highlight this year’s Nor-Shipping, where we had our first standalone stand, full of activities. The stand activities ended with inclusion drinks, to celebrate diversity and Kongsberg Digital’s signing of the bold 40by30 Pledge, targeting 40% female representation in leadership by 2030.
The week of Nor-Shipping we partnered with StormGeo to drive innovation in maritime performance applications. As the first step, StormGeo’s Performance Application will be available to maritime customers together with Kongsberg Digital’s Vessel Insight Vessel to Cloud data infrastructure. Another highlight from Nor-Shipping was the nomination of Vessel Insight for this year’s Ocean Solution Award. The nomination proved that we are transforming challenges into solutions.
There will be numerous exciting events this autumn, where kicking off the Tomorrowshow in Houston in October is one big highlight! At the Tomorrowshow, you can dive into more than 30 sessions featuring industry experts sharing the latest innovations, fresh perspectives, and success stories that will inspire you. Make sure to register to attend this happening.
The first part of 2023 is behind us. Autumn is on the horizon, and we’re getting ready for an exciting ride. But first, we wish everyone a fantastic summer ahead. Thank you to all our valued customers and partners for an exciting year so far.
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