Cenosco Joins Open AI Energy Initiative, Brings Asset Integrity Software

Rhea-AI Summary

C3 AI (NYSE:AI) announced the integration of Cenosco into the Open AI Energy Initiative (OAI), enhancing its asset integrity software capabilities for sectors like chemicals and oil. Cenosco's Integrity Management Solution (IMS) will be available through OAI, enabling comprehensive AI-driven integrity solutions. This collaboration, initiated in February 2021, aims to deliver advanced AI applications for energy operations. Cenosco's IMS is currently deployed across 120 assets in over 50 countries, providing critical support for operations.

Positive

• Cenosco joins the OAI, expanding its asset integrity software offerings.
• Cenosco's IMS has been deployed in over 120 assets across more than 50 countries.
• The collaboration aims to deliver advanced AI applications for asset integrity in energy sectors.

Negative

• None.

Addition completes AI-powered end-to-end suite of integrity solutions for asset-intensive industries, such as chemicals, oil and gas, renewable energy, and other process industries

REDWOOD CITY, Calif.--(BUSINESS WIRE)-- C3 AI (NYSE:AI), the Enterprise AI software company, today announced that global engineering software company Cenosco will join the Open AI Energy Initiative (OAI), an open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries. Cenosco’s powerful asset integrity software suite will complement the OAI’s existing capabilities, delivering an AI-powered end-to-end suite of asset integrity solutions.

Launched by C3 AI, Shell, Baker Hughes, and Microsoft in February 2021, the OAI provides an open framework for energy operators, service and equipment providers, and independent software vendors for energy operations to offer interoperable solutions, powered by the BHC3 AI Suite and Microsoft Azure. Cenosco is the third independent software vendor to join the OAI, following Kongsberg Digital and MathWorks, who joined in November 2021.

Cenosco will offer its Integrity Management Solution (IMS), built in collaboration with Shell, that safeguards integrity, reliability, and instrumentation safety in asset intensive industries. Today, Cenosco’s IMS has been deployed to over 120 assets across more than 50 countries. The solution complements the OAI’s existing offerings focused on reliability and asset integrity, including Shell’s Autonomous Integrity Recognition, which provides machine vision for integrity issue identification, Shell Corrosion Advanced Risk Modelling and Analytics, an AI-based internal corrosion and erosion prediction solution, and BHC3™ Reliability, an AI-based predictive maintenance solution. By integrating these solutions with Cenosco’s IMS, the OAI will offer an AI-powered end-to-end solution for integrity management — from issue identification to diagnosis and resolution — for customers across asset intensive industries, such as chemicals, oil and gas, renewable energy, and process industries.

“Just over a year ago, the OAI began building an ecosystem of partners with the aim of revolutionizing the energy industry through cutting-edge AI-powered software,” said Dan Jeavons, Vice President Computational Science and Digital Innovation at Shell. “Today, this ecosystem offers some of the most sophisticated solutions available on the market, and the integration of Cenosco’s technology can help to unlock even more value for customers.”

“Cenosco is delighted to join an impressive ecosystem of other industry-leading software providers for energy operations,” said Cenosco’s CEO Jan Poulsen. “For customers who want unified asset integrity capabilities, the addition of our Integrity Management Solution to the OAI provides the remaining building blocks for a comprehensive, AI-powered, end-to-end integrity monitoring and management software suite.”

Cenosco IMS deployments began with operations at Shell, and since have been expanded to clientele across more than fifty companies worldwide and 120 assets globally. Starting in May 2022, Cenosco IMS will also be available through OAI, in combination with other solutions.

“The OAI has transformed how the energy industry operates by bringing together the best AI and software solutions,” said Ed Abbo, C3 AI President and CTO. “Cenosco is a strong addition to our ecosystem of global industry leaders, and we welcome their partnership to drive even greater digital transformation throughout the energy and process industries.”

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

About C3.ai, Inc.

C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 AI Suite, an end-to-end platform for developing, deploying, and operating enterprise AI applications and C3 AI Applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally.

About Cenosco B.V.

Cenosco, founded in 2000, is a global software company in Asset Integrity Management. The Company has a global presence, with its software deployed in 120 assets across more than 50 countries. Cenosco employs 100+ people and is headquartered in The Hague, with local offices in Croatia. For more information, see www.cenosco.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220322005401/en/

C3 AI Public Relations

Edelman

Lisa Kennedy

415-914-8336

pr@c3.ai

Investor Relations

ir@c3.ai

Cenosco Public Relations

Annemarie Jongbloed

+31 (0)6 1444 2335

Annemarie.jongbloed@cenosco.com

Source: C3.ai

FAQ

What is the significance of Cenosco joining the Open AI Energy Initiative on April 22, 2023?

Cenosco's addition enhances the asset integrity capabilities of the OAI, allowing for integrated AI-driven solutions for energy and process industries.

How does Cenosco's Integrity Management Solution benefit C3 AI and its partners?

Cenosco's IMS complements existing OAI offerings, providing end-to-end integrity monitoring and management solutions, thus increasing operational efficiency.

What industries will benefit from the integration of Cenosco's software into the OAI?

Industries such as chemicals, oil and gas, renewable energy, and other process industries will benefit from this integration.

What was launched by C3 AI, Shell, Baker Hughes, and Microsoft in February 2021?

They launched the Open AI Energy Initiative, aimed at creating a framework for AI-based solutions in energy operations.

When will Cenosco's Integrity Management Solution be available through the OAI?

Cenosco IMS will be available through OAI starting in May 2022, allowing for enhanced integrity management solutions.