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KBR Invests in AI Energy Firm Applied Computing

KBR strategically invests in Applied Computing, a developer of physics-based AI for energy, to co-create exclusive AI products and accelerate innovation.

AM
Alvaro de la Maza

Partner at Aninver

Key Takeaways

  • Applied Computing raised a new round from KBR.
  • Sector: Artificial Intelligence (AI), Energy Infrastructure & Renewables, Industrials.
  • Geography: United Kingdom, United States.

Analysis

KBR, a global engineering and technology solutions provider, has injected strategic capital into Applied Computing, a London-based firm specializing in physics-based artificial intelligence for industrial applications. This investment marks KBR's inaugural foray into direct AI company funding, signaling a significant commitment to integrating advanced AI into its core operations and client offerings. The financial terms of the transaction were not publicly disclosed.

The partnership is designed to accelerate the development and deployment of AI-driven solutions within the energy sector. A key component of the agreement includes KBR securing a seat on Applied Computing's board of directors, underscoring a deep level of collaboration. Furthermore, the companies have inked a multi-year joint development pact aimed at creating bespoke AI products specifically tailored for energy industry challenges.

At the heart of Applied Computing's technology is Orbital, a proprietary foundation model engineered from the ground up for energy operations. This advanced AI system synthesizes physics-informed intelligence with specialized models covering chemical engineering, time-series forecasting, and natural language processing. Orbital is designed to deliver real-time optimization across a spectrum of complex industrial environments, including refineries, petrochemical plants, liquefied natural gas (LNG) facilities, and renewable energy installations like wind and hydro power.

This strategic alliance will leverage KBR's extensive intellectual property, including its licensed process technologies, alongside its deep domain expertise in capital projects and supply chain management. The integration of Orbital with KBR's vast global network, which spans over 85 countries and employs approximately 36,000 individuals, is expected to significantly broaden the reach and impact of Applied Computing's innovative AI capabilities. This synergy aims to unlock new efficiencies and enhance operational performance for energy companies worldwide.

Callum Adamson, CEO of Applied Computing, highlighted the synergistic nature of the partnership. "KBR represents an ideal collaborator for our mission," Adamson stated. "Their decades of accumulated data, profound industry knowledge, and extensive global footprint will be instrumental in expediting the widespread adoption of Orbital throughout the energy sector." This sentiment was echoed by Greg Conlon, KBR's Chief Digital and Development Officer, who emphasized that the investment solidifies KBR's leadership in applied AI and facilitates the scaling of its technological innovations.

The energy sector is increasingly embracing AI to navigate volatile markets, optimize resource allocation, and meet stringent environmental regulations. The global AI in energy market is projected to experience substantial growth, driven by the need for predictive maintenance, enhanced exploration, and efficient grid management. Investments like this one from KBR underscore the growing recognition of AI's transformative potential in addressing these complex industry demands and driving operational excellence.