Partnership with Sight Machine will increase efficiency.
SAN FRANCISCO — E.ON takes Artificial Intelligence to the world of manufacturing companies. Customers from the industrial and commercial sectors will thus be able to intelligently increase the efficiency of entire machine parks and save energy costs at the same time. In order to make this future possible, E.ON has now entered into a partnership with the company Sight Machine.
Sight Machine is a software startup based in San Francisco that has created an Internet of Things enabled digital manufacturing platform, which uses artificial intelligence, machine learning, and advanced analytics to help address critical challenges in quality, productivity and visualization.
Sight Machine’s expertise in the field of digital manufacturing is now being integrated with E.ON’s expertise in the energy industry to develop unique digital solutions for the European market that will enable the optimization of energy and core manufacturing processes in unison. E.ON is the first energy company with which Sight Machine will cooperate in Europe. Alongside the partnership, E.ON Scouting and Co-Investment has made a venture capital investment into Sight Machine.
E.ON will use the technology to expand its own Optimum Platform. With Optimum, E.ON customers are already able to visualize their energy flows and rapidly identify potential improvements. Through the partnership, manufacturing and energy data are now turned into actionable information; customers will see improvements in operations, leading to increased profitability and reduced CO2 emissions. Now machine uptime and utilization will be improved through predictive maintenance, while production bottlenecks, quality issues, and energy optimizations will be identified by pulling and analyzing available data from across manufacturing facilities.
“Sight Machine has outstanding software and references in the industrial sector. Together, we will make our business-to-business customers fit for the competition of the future with brand-new solutions. In addition, we are showing an intelligent and efficient way to achieve CO2 savings in the economy,” said Bernd Schumacher, CEO of E.ON Connecting Energies.
“In many manufacturing sectors, energy is a critical input and a significant source of cost variability,” said Sight Machine CEO and Co-Founder Jon Sobel. “The partnership of E.ON and Sight Machine will give manufacturers an unprecedented ability to evaluate how energy-related decisions will affect their productivity, quality and profitability.”
E.ON is an international investor-owned energy company, focusing entirely on energy networks, customer solutions and renewables. In the 2016 financial year, more than 40,000 employees from 90 nations generated sales of around $42 billion. Around 33 million customers purchase gas and electricity from E.ON. Within the global renewables segment E.ON is a leading company. The company has already invested more than $11 billion and operates nearly 5.4 gigawatts of renewable capacity.