KONGSBERG DIGITAL AND MATHWORKS JOIN OPEN AI ENERGY INITIATIVE AS FIRST INDEPENDENT SOFTWARE VENDORS

Bringing complementary solutions to the growing ecosystem, Kongsberg Digital and MathWorks help to further transform the energy industry

THE HAGUE, REDWOOD CITY, CA, KONGSBERG DIGITAL, NATICK, MA ? November 9, 2021 ? Shell (NYSE:RDS) and C3 AI (NYSE:AI) today announced that Kongsberg Digital and MathWorks will join the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries.

The OAI was launched by C3 AI, Shell, Baker Hughes, and Microsoft in February 2021. As the first independent software vendors to join OAI, Kongsberg Digital and MathWorks will offer solutions that complement current offerings and help further transform the energy industry. Kongsberg Digital provides next-generation software and digital solutions to customers in maritime, oil & gas and utilities, helping increase safety, reduce costs, and save time on land, under water, and offshore. MathWorks is the leading developer of mathematical computing software, and its MATLAB and Simulink platforms are widely used to accelerate the pace of discovery, innovation, and development in engineering and science. Select solutions that are built on the Kongsberg Digital or MathWorks platforms are expected to be available through the OAI, beginning in 2022. These offerings will be interoperable with existing OAI solutions delivered by OAI founding members. Proof-of-Concepts at Shell assets are currently underway to demonstrate interoperability and the business value of these integrated offerings.

The details of the upcoming solutions from Kongsberg Digital and MathWorks are outlined below:

• Kongsberg Digital: Kognitwin Energy is a dynamic digital twin that delivers a rich framework for advanced digitalization and analytics, including a range of customizable solutions. It can support business goals by improving cross functional collaboration, reducing OpEx by enabling advanced levels of remote work, increasing data-driven decision making, increasing decision automation, and accelerating innovation. Kognitwin will allow customers to visualize BHC3 Reliability insights, enabling them to visualize facility hierarchies in a live digital twin, leverage advanced ML models to predict equipment and asset failure, and ultimately reduce unplanned downtime and deferment costs.

• MathWorks: MATLAB Production Server enables users to operationalize their MATLAB and Simulink analytics, models, and simulations for chemical process monitoring and optimization, geophysical data analysis, AI modeling, commodity trading, and other applications in large-scale production to maximize their business value across the enterprise. MATLAB Production Server delivers the opportunity to integrate production-ready MATLAB and Simulink applications into operations powered by the BHC3 AI Suite. Combining the BHC3 AI Suite with the MATLAB Production Server would enable MATLAB and Simulink models to be deployed at scale for customers. One such example is an application that assesses the level of CO₂ emitted above ground and ensure that it remains below the government-required thresholds. Interoperability of this MATLAB based application is a key step towards future offerings of sustainability solutions on OAI.

?Kongsberg Digital is excited to be among the first software vendors to join OAI and collaborate with others to take the energy industry forward,? said Hege Skryseth, President of Kongsberg Digital and EVP KONGSBERG. ?By integrating our solutions with companies at the forefront of digital technology and AI, we provide a tool that help energy providers predict failures, reduce costs, and stay operational. We are excited to collaborate and innovate through the Open AI Initiative to deliver solutions that enable more sustainable operations for the energy industry.?

?Enabling energy providers to monitor gas emissions for regulatory compliance is one of many applications powered by MATLAB that can become an important part of the OAI?s growing lineup of solutions to advance climate security and provide value-added services,? said Jim Tung, MathWorks Fellow. ?We?re proud to join the OAI early on its journey to transform the energy industry, and we look forward to working together to bring new innovations forward.?

?Still in its first year, the OAI is making exceptional progress toward helping the energy industry embrace new technologies and ensure climate security,? said C3 AI CEO Thomas M. Siebel. ?Welcoming Kongsberg Digital and MathWorks into our ecosystem of global leaders today is a significant step in driving cleaner energy and climate initiatives through enterprise AI.?

?The Open AI Energy Initiative was always intended to be an eco-system of partners who work together to develop the digital energy platform of the future,? said Dan Jeavons, Vice President Computational Science and Digital Innovation at Shell. ?We are delighted to integrate MathWorks and Kongsberg Digital?s capabilities into this ecosystem. At Shell we are already deploying their technologies and we expect their impact to grow in the coming years.?

Learn more about the Open AI Energy Initiative and its reliability solutions at https://bakerhughesc3.ai/products/bhc3-oai/