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Digital Twin

Innogy and Shell invest in digital twins

The investment arms of energy groups Innogy and Shell are backing IT startup Akselos, a digital twin specialist, with US$ 10 million (approx. €8.5 million).

16 Oct. 2018
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Innogy and Shell invest in digital twins (Photo: Shell)

IT company Akselos , founded in 2012, is a spin-out of MIT in Cambridge, Massachusetts, with its European headquarters based in Lausanne, Switzerland. Through an exclusive license with MIT, the startup offers software for the monitoring, maintenance, and servicing of industrial facilities, in particular for offshore wind turbines and petroleum explorations. The technology has been further developed at the Swiss Federal Institute of Technology in Zurich (ETH).

The company creates learning and predictive digital twins of the physical facilities, which are fed sensor data from the real operation and facilitate real-time monitoring. “Akselos allows us to better monitor the integrity of our most complex assets,” says Peter van Giessel, Investment Director at Shell Ventures , co-financer of the current investment round alongside Innogy Ventures . Akselos is also currently involved in R&D projects that aim to help accelerate the energy transition and space exploration.