According to the International Energy Agency (IEA), the majority of CO2 emission reductions through 2030 will come from technologies on the market today. Achieving net-zero by 2050 is nothing short of a momentous endeavor, and the energy sector is playing a key role in reaching it. Technology is critical in achieving carbon neutrality, and to no surprise, startups have a unique role to play.
Business leaders all over the world must scrutinize the impact of their organizations on the climate and, thus, respond to the critical threats of global warming impacting our planet. Boston Consulting Group (BCG) emphasizes that “we must reduce these carbon emissions by 50% by the end of this decade.”
According to Charlotte Degot, Managing Director and Partner at BCG GAMMA, “We cannot reduce what we cannot measure. Corporations ‘ climate action does not match our ambitions: one of the main reasons is that corporations don’t accurately measure their climate impact and track it enough over time. Fortunately, tools & techniques to help us exist, one of the most powerful ones is artificial intelligence.” No AI solutions that matter more to humanity than decarbonizing the atmosphere and winning the war on climate change.
To tackle complicated business challenges on Earth, California-based Beyond Limits delivers sophisticated cognitive AI solutions with the resilience, reasoning, and autonomy required by the vast scale and ever-changing space conditions. Beyond Limits is creating revolutionary AI technology that is an evolutionary step forward from traditional AI ability to perceive, understand, connect, learn, teach, reason, and solve issues. The company’s solution combines deep learning and machine learning technologies with symbolic AI to mimic human intuition. Beyond Limits is directed by CEO and Co-Founder AJ Abdallat and has raised $158.5M in funding by investors such as BP Ventures and Group 42.
BCG CO2 AI
An AI-powered solution to help corporations measure accurately, simulate, track and optimize their emissions at scale. CO2 AI patented cutting edge technology leverages deep learning, graph theory, among other techniques, to increase the accuracy of the emissions measurement, automate the calculations, and support decision-making with advanced features such as automated abatement levers recommendations. CO2 AI unlocks significant accuracy gains in the emissions measurement and enables 30-40% emission reduction for large corporations. It has already been implemented across many industries (from consumer goods, retail, pharma, to cement) across the globe.
California-based Watershed is on a mission to accelerate the adoption of large-scale, clean, renewable energy and power desalination. They provide end-to-end solutions that span from early-stage market assessment through technology implementation. Watershed shows companies where every kilogram of carbon comes from. It uses AI to analyze Scope 3 emissions with granular data on specific suppliers, benchmark against their industry, and identify high-emitting vendors and categories. Co-founder Taylor Francis leads the company.
According to the site, Montreal-based BrainBox AI utilizes self-adapting artificial intelligence technology to proactively optimize one of the world’s largest energy consumers and GHG emitters: buildings. It is often unperceived that one of the leading contributors of this energy usage comes from buildings’ Heating, Ventilation, and Air Conditioning (HVAC) systems. 45% of commercial buildings’ energy consumption comes from HVAC, of which 30% is usually wasted. Chief Executive Officer leads the company & Co-Founder Sean Neely has raised $12M in funding and is backed by Desjardins Venture Capital and Esplanade Ventures.
Berlin-based Plan A has developed an AI- and digital-driven SaaS platform for automated carbon accounting, decarbonization, ESG management, and reporting that serves customers across the globe and is TÜV certified. Their technology allows companies to manage their carbon accounting while also reducing their negative environmental impact. Plan A empowers firms to play a vital role in the effort to attain net-zero carbon emissions. CEO & Co-Founder Lubomila Jordanova leads the company has raised $5M to date and is backed by SoftBank and Demeter.
Tel-Aviv-based Albo uses deep learning to analyze satellite imagery and map, measure, and AI-powered spatial and temporal monitoring for carbon sequestration in natural-based projects. They are revolutionizing the carbon credit market by making carbon removal more scalable. The company is led by CEO Jacques Amselem and is backed by Techstars accelerator.
By leveraging machine learning, natural language processing, and complex mathematics to satellite pictures, geolocation data, textual information, and other raw alternative data, Paris-based Kayrros assesses and monitors worldwide energy, natural resources, and industrial activity. According to the site, “Kayrros extracts value from the integration of alternative and market data into unique solutions and customer product offerings while measuring environmental impact and delivering insight into climate and energy-transition risk.” Alexandre d’Aspremont founded the company, Antoine Halff, Antoine Rostand, Jean-Michel Lasry, Laurent El Ghaoui, which have raised $34.5M in funding to date and are backed by Index Ventures and Koreyla Capital.
Danish-based Tomorrow is a technology startup that uses data and machine learning to quantify the climate impact of our daily actions automatically. Tomorrow was founded in 2016 by a group of data scientists, machine learning engineers, and climate change experts to automate carbon accounting and enable large-scale environmental activism. The company was founded by Olivier Baumann and Olivier Corradi and is backed by investment firm Revent.
Munich-based FoldAI brings the latest fast-changing technologies and algorithms to ecosystem monitoring. They use local multidimensional sensing, sensor networks, edge computing and AI, Cloud AI, and energy harvesting for ecosystem health tracking, risk assessments, biodiversity quantification, and environmental impact assessment. The company was founded by Friedrich Foerstner, Giovanni Carmantini, and Jake Turner and is backed by XPRENEURS incubator.
Blue Sky Analytics
India-based Blue Sky Analytics built a data analytics platform to extract environmental intelligence from satellite imagery. They do this by using AI-powered infrastructure that analyzes every pixel on the planet for relevant insights such as air quality and water pollution to make it easier for people worldwide to access the information they need about their surroundings to live healthier lives without stress fear of danger. They are building a first-of-its-kind planetary digital twin called SpaceTime, which is set to launch soon. The company was founded by Abhilasha Purwar and Kshitij Purwar have raised $1.5M in funding and are backed by International Finance Corporation and Stellaris Venture Partners.
Patch is an API-based solution enabling companies to calculate their carbon footprint and remove it from digital products and experiences. Patch enables companies to decarbonize their operations. First, companies measure their footprint using Patch’s endpoint, carbon account tool, and ESG. Next, companies can construct a project portfolio across types, geographics, and price points. Based on the project, companies can purchase carbon removal and offsets from the portfolio using the API. Patch was founded by Alessandro Monterosso, Daniele Farro, Filip Ivancic, Kumara Prasad Palanivel, has raised $3.1M in funding, and is backed by Healthware Ventures and SFEM Italia.
The Path Forward
Climate change is a serious global problem, and there’s no end in sight. Many organizations are employing sophisticated tools and technologies such as artificial intelligence (AI) to reduce carbon emissions and increase energy efficiency.
These eleven companies offer software and hardware solutions that leverage AI tools to improve the quality of life for everyone while reducing environmental impacts throughout industry sectors.
Artificial intelligence algorithms and machine learning analytics can offer a range of benefits to companies, cities, and individuals. Carbon emissions can be reduced across a variety of industries, from manufacturing to transportation. There’s tremendous potential for AI-driven software and hardware solutions to address the challenges associated with climate change. The race is on as companies continue to develop and design AI-powered products that reduce emissions. Now is the time to accelerate this momentum and reap the benefits of AI in reducing carbon emissions — hence, improving the climate.
As the battle for emissions reduction pushes forward, one thing is clear: with so many innovative new technologies on the horizon; we may very well reach carbon neutrality in our lifetime.Follow me on Twitter or LinkedIn. Check out some of my other work here.