Shell Expands Collaboration With C3 AI For Predictive Maintenance

Shell PLC SHEL expanded collaboration with C3.Ai, Inc. AI, an AI application software company, for predictive maintenance (control valves and critical equipment).

In their partnership with C3 AI, Shell can allocate its engineers and data scientists - who have been working on its predictive maintenance technology - to developing applications. The companies have a five-year collaboration already.

While working with C3 AI, Shell has developed advanced models and application functionalities that anticipate maintenance needs for control valves and critical equipment.

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To realize the most value from AI, C3 AI, and Shell are also pursuing a roadmap starting with reliability and asset monitoring solutions, focusing on safety, asset integrity, process, and production optimization, and sustainability solutions.

"The relationship between C3 AI and Shell has been productive. We now have more than 10,000 pieces of equipment from tens of Shell assets successfully being monitored on the C3 AI ecosystem, as well as additional enterprise applications being scaled up," said Dan Jeavons, Vice President Computational Science and Digital Innovation at Shell. 

The C3 AI Platform provides a means for clientele like Shell to swiftly and effortlessly construct custom applications tailored to specific use cases within the company. 

Leveraging data science and programming tools, engineers can recycle features and components of machine-learning models, facilitating seamless interdepartmental collaboration and hastening the deployment of AI applications.

"Working this closely with C3 AI to create robust AI solutions that increase operational efficiency helps to reduce cost and improve reliability," Jeavons added.

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Moreover, this partnership will refine and streamline the offerings showcased in the Open AI Energy Initiative (OAI Energy) marketplace. Incepted in early 2021 by C3 AI, Shell, Baker Hughes, and Microsoft, OAI Energy stands as an open ecosystem, presenting a suite of AI-powered solutions tailored for the energy and process industries.

Price Action: SHEL shares are trading lower by 0.52% to $66.14 on the last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.