Aramco and mCloud explore AI ESG solutions through digital tech hub – ITP.net

Aramco and mCloud explore AI ESG solutions through digital tech hub – ITP.net

mCloud Technologies Corp. (mCloud), a provider of AI-powered asset management and environmental, social, and governance (ESG) solutions announced the signing of a Memorandum of Understanding (“MOU”) with Aramco. The MOU sees mCloud and Aramco exploring the co-development of a digital technology hub for delivering ESG solutions in Saudi Arabia.

Focusing on ESG applications

Through the development of AI- powered innovations, the hub will allow the two companies to work together to facilitate the carbon reduction of complex energy-intensive assets throughout Saudi Arabia and abroad. In addition, mCloud plans to develop a centre of excellence that will serve as a home base for a dedicated team of ESG and digital transformation experts based in Saudi Arabia.

Following an agreement signed in December 2021 with cloud service provider Virtual Vision (“V2”), the ESG-focused centre of excellence will leverage V2’s high performance infrastructure to deliver next-generation ESG applications powered by mCloud’s AssetCare platform.

AI solutions

The company aims to develop solutions in a number of areas, including 3D digital twins, AI solutions for asset performance management, visual inspection to drive asset reliability and asset integrity, fugitive gas and leak detection, mobile connected work, and digital facility management.

“This MOU with Aramco is the largest, most ambitious agreement signed by mCloud