Mon. Dec 23rd, 2024
Singapore’s A*star Explores New Energy And Ai Solutions At Seatrium

Shipbuilding giant Cetrium has signed a Memorandum of Understanding (MoU) with Singapore Agency for Science, Technology and Research (A*STAR) to explore artificial intelligence (AI) solutions for the offshore and marine (O&M) ecosystem.

Seatrium’s latest collaboration The partnership with A*STAR allows both companies to combine their strengths to revolutionize the O&M sector, paying close attention to environmental sustainability.

Although the two companies have previously considered ways to improve O&M, the new memorandum marks the first time they will rely on AI to find new solutions. Seatrium says it uses generative AI models to test the feasibility of new energy sources for marine applications, with hydrogen and ammonia at the top of the list.

“The collaborative efforts of Cetrium and A*STAR aim to accelerate the energy transition and ocean decarbonization,” said Chris Ong, CEO of Cetrium. “By combining our knowledge and pushing the boundaries, we aim to develop advanced energy solutions that enable industry to deploy renewable resources faster.”

Another use case explored in this memorandum is AI-powered ship design using large-scale language models (LLMs). Participating companies appear keen to leverage AI to improve operational efficiency while streamlining decision-making processes for O&M projects.

Other AI-based use cases explored in the memorandum include surveillance and worksite inspection, with both companies keen to test the waters with automation. The ultimate goal is to develop new supply chains for O&M, exploring transport and refueling efficiencies.

“Building on previous successful collaboration programs in green transportation, digital design and advanced manufacturing, this latest collaboration in new energy and AI is a collaboration between Seatrium and Seatrium to develop smarter and more sustainable solutions for the O&M sector. We will promote A*STAR’s shared vision,” said Mr. A*. STAR CEO Frederick Chu.

Previous collaborations have seen Seatrium and A*STAR work together to experiment with green transportation and advanced manufacturing, with impressive results including the launch of a new water treatment system.

Investment in AI increases

As companies work to develop AI capabilities, analysts point to a huge influx of capital into the ecosystem, backed by big tech companies and sovereign wealth funds eager to acquire emerging technologies.

Microsoft (Nasdaq: MSFT) and Google (Nasdaq: Google) is leading the way with significant investments in Australia, India and the UK, pledging to splurge more than $10 billion by the end of the decade. In the Middle East, the governments of Saudi Arabia and the United Arab Emirates (UAE) are betting big on AI to catch up with industry pioneers.

“We believe the Middle East has a good chance of breaking many of the current leaders in terms of the use of AI,” said Pawel Satalecki, an executive at consulting firm Avenga MENA. “But we need to spend the next few years wisely and incorporate external knowledge and resources into our strategy to catch up and open up possibilities to build the necessary capabilities on the ground.”

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See: Improving logistics and finance with AI and blockchain

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