By ET Bureau - August 28, 2020 2 Mins Read
Partnership drives asset-grade data and analytics, enabled machine learning, and artificial intelligence capabilities to drive the fight against climate change
Spherical | Analytics (S|A), a Context Labs company, and Rocky Mountain Institute are pleased to announce the launch of their strategic partnership to create a new platinum standard for measuring energy industry climate impact, modeling, and managing emissions mitigation activities.
Through the partnership, S|A and RMI will work together to provide continuous climate intelligence, using the highest resolution and quality data from upstream, midstream, and downstream assets with multiple sources of operational, financial and environmental data. These sources will be processed in the S|A Immutably™ platform, which enables stakeholders to develop and act on new ESG ‘edge’ backed with Asset Grade Data (AGD) through all-source data ingestion, unique cryptographic proofing methodologies, and private, distributed ledger technology. This transformation from raw, untrusted data into synthesized and consumable, trusted data allows for advanced analytics, deep visualizations and derived insights.
“Together with S|A’s key capabilities, Rocky Mountain Institute will leverage its subject matter expertise, global brand, and industry access to deliver actionable data and insights that drive real change,” said Ned Harvey, Managing Director for RMI. “This will galvanize the energy industry, its customers and partners through the harmonization of disparate data and digital insight opportunities to accelerate and scale more profitable, lower-risk approaches to climate-aligned strategies.”
“We are excited to work with a prestigious organization such as Rocky Mountain Institute to continue one of S|A’s original missions – modeling the climate impact of oil and gas operations globally. This is a natural extension of our seminal work, and we look forward to sharing this next phase of our journey in oil and gas industry transformation with RMI,” stated Dan Harple, Founder and CEO of S|A.
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