VICTORIA – Industrial efficiency has been called an invisible solution to the climate emergency. To accelerate the transition to more energy-efficient and cost-effective water infrastructures, Sustainable Development Technology Canada (SDTC) invested $2.8 million in Pani Energy’s artificial intelligence (AI) water treatment optimization technology.
The funding will accelerate Pani Energy’s development and deployment of its award-winning plant optimization technology, allowing water treatment plant owners and operators to be part of two solutions at once: save on vital operating costs while tackling climate change.
Devesh Bharadwaj
Pani will use this support from SDTC to grow its technology and business development teams, as well as work with consortium partners to deploy its AI solution at large scale public and private plants in North America and the Asia Pacific region.
“The water industry is thirsty for innovation and Pani is filling this gap with its AI solution. We estimate a global deployment of our technology would reduce greenhouse gas emissions by 200 megatons annually, roughly the equivalent of taking 43 million cars off the road. We are laser focused on making this happen.” says Devesh Bharadwaj, CEO of Pani Energy.
“This investment will help us grow our team and place us in an excellent position to expand internationally. COVID-19 has put additional burden on water utilities, and there is no better time for us to support these utilities with advanced digital solutions.” added Bharadwaj.
The funding, announced on September 16, is part of a $24.8 million dollar total investment distributed across nine Canadian companies that each specialize in innovative clean technologies to facilitate Canada’s leadership in tackling climate change, fostering a low-carbon economy, and improving overall quality of life on a global scale.
“Innovative and resilient entrepreneurs like the talented team at Pani Energy make me more hopeful about the future than ever before. Pani’s work on developing optimization tools for water treatment plants will allow plant owners to reduce their energy and chemical use. Their goals are ambitious and SDTC is here to help them meet and exceed them!” said Leah Lawrence, SDTC’s President and CEO.
Pani provides a turn-key, cloud-based machine learning software platform that improves the efficiency of industrial and city scale desalination, water and wastewater treatment plants.
