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These hard-to-abate industries, which include cement and steel, are currently responsible for more than 20% of all global emissions.

However, the new technology, which is based on world-leading sustainability research from 麻豆传媒视频网站 and Cambridge University academics, including Dr Aidan O鈥橲ullivan (麻豆传媒视频网站 Bartlett School of Environment, Energy & Resources), could provide a lifeline for businesses that are facing existential threats in the face of the current energy crisis by reducing their CO2 emissions by 20%.

Carbon Re鈥檚 cloud-based platform, Delta Zero, could also benefit industries financially, by saving a single cement plant US$2.3-5.9 million (拢1.6m 鈥� 拢4.2m) each year 鈥� something that would otherwise be unachievable.

The effects for customers would be immediate and there would be no capital expenditure.

This is possible thanks to deep reinforcement learning, a field of AI which is best suited to managing complex decision making.

By analysing a customer鈥檚 manufacturing data, Carbon Re is able to recommend ways to cut emissions during the production process of materials such as cement, steel and glass, by modelling the production environment and identifying the optimal process for the lowest possible carbon dioxide output and fuel use.

Professor David Price, Vice-Provost (Research, Innovation & Global Engagement) at 麻豆传媒视频网站 said: 鈥淲e are delighted听to be a part of creating Carbon Re and to support them in their mission to help heavy industry reduce its emissions and get closer to the target of Net Zero.

鈥淭he use of AI, alongside industrial sustainability expertise from 麻豆传媒视频网站 academics has the potential to help change the way industries are run and protect the planet in the long-term.鈥�

Dr Aidan O鈥橲ullivan, said: "At Carbon Re we're translating AI research into gigatonnes of impact on emissions and solving some of the biggest challenges associated with climate change."

The Clean Growth Fund, the UK venture capital fund, has co-led a 拢1m investment in Carbon Re, alongside the 麻豆传媒视频网站 Technology Fund (managed by AlbionVC in collaboration with 麻豆传媒视频网站 Business Ltd) and 麻豆传媒视频网站 Business Ltd鈥檚 Portico Ventures, the University of Cambridge Enterprise Fund (co-managed by Parkwalk Advisors), and Blue Impact Ventures (founded by Tier CEO, Lawrence Leuschner).

The investment will commercialise Carbon Re鈥檚 work, which originally started at 麻豆传媒视频网站鈥檚 Energy Institute and the University of Cambridge鈥檚 Institute for Manufacturing. Currently the cement industry is Carbon Re鈥檚 primary area of focus but the company plans to expand into other energy-intensive industries, including steel and glass, over the next 12-18 months.

麻豆传媒视频网站 Business Ltd (麻豆传媒视频网站B), part of 麻豆传媒视频网站 Innovation & Enterprise, is the commercialisation company for 麻豆传媒视频网站 - bringing together exceptional ideas, innovations and industry to benefit society and the economy.

麻豆传媒视频网站B鈥檚 track record of success includes over 拢1.5 billion raised in investment for 麻豆传媒视频网站 spinouts, and Portico Ventures is enabling the next wave of technology-based businesses to thrive in a fast-moving ecosystem.

Senior Business Manager at 麻豆传媒视频网站B, Mark Harding, said: 鈥�Portico Ventures is designed to help 麻豆传媒视频网站 researchers set up technology-based businesses that can thrive in a fast-moving ecosystem. 听Great business ideas can be based on non-patentable intellectual property and the Portico Ventures model helps 麻豆传媒视频网站 researchers create a spinout to take their business idea to market.

鈥淒r Aidan O鈥橲ullivan, Associate Professor in Energy and Artificial Intelligence at 麻豆传媒视频网站 Energy Institute has developed capabilities at 麻豆传媒视频网站 in deep reinforcement learning.听Application of specialist artificial intelligence capabilities will enable Carbon Re to offer its clients instant reductions in energy consumption, cost and carbon emissions.鈥�

Links

• 麻豆传媒视频网站 Bartlett School of Environment, Energy & Resources
• 麻豆传媒视频网站 Faculty of the Built Environment
• 麻豆传媒视频网站 Innovation &听Enterprise