Angara Global: Revolutionizing Industrial Asset Efficiency with AI-Driven Decarbonization
The industrial sector is a significant contributor to global emissions and inefficiencies, with equipment failures, excess fuel use, and reduced productivity costing the industry billions annually. The problem stems from a widely overlooked issue—fouling—which leads to inefficient heat transfer across key machinery like heat exchangers. This results in decreased asset performance, higher operational costs, and excessive carbon emissions. In industries such as food processing, biofuels, refining, fertilizers, chemicals, and petrochemicals, these inefficiencies are responsible for over $100 billion in annual losses and 1 billion metric tons of CO2 emissions each year. Addressing these issues is not only critical for improving profitability but also for helping industries meet their environmental and decarbonization goals.
Angara Global is stepping up to solve this problem with cutting-edge AI technology. Their platform, DecarbonX, uses advanced AI to optimize industrial assets, predict failures before they occur, and generate actionable insights to maximize asset performance. By focusing on heat transfer optimization, Angara helps companies improve energy efficiency, reduce downtime, increase product yields, and ultimately lower their CO2 emissions—all without the need for capital expenditures.
Greenbackers is pleased to introduce Angara Global. With its AI-powered DecarbonX platform, Angara Global is poised to transform the way industries approach energy efficiency, asset optimization, and decarbonization. By offering a scalable and cost-effective solution to tackle the inefficiencies and carbon emissions that plague industrial processes, Angara is helping businesses unlock significant savings while contributing to a more sustainable future.
Why Angara:
- Innovative technology: Angara Global’s proprietary platform, DecarbonX, leverages artificial intelligence to manage the fouling degradation risks that plague heat exchangers and other critical equipment. Unlike traditional reactive approaches, DecarbonX takes a proactive stance, offering predictive capabilities and actionable insights that enable industries to optimize their operations. The platform’s accuracy surpasses competitors by delivering superior predictions on asset performance, and its extended forecasting horizons allow for long-term strategic planning. This technology enables clients to take corrective actions before issues arise, preventing costly downtime and equipment failures. DecarbonX is designed to be easily integrated with existing asset management systems, offering scalability and compatibility across industries.
- Commercial traction: Angara Global’s DecarbonX platform has already garnered significant attention in the industrial space, and its impact is being felt across major sectors. In 2022, Angara generated $0.2M in sales, and projections for 2024 suggest a rapid growth trajectory, with $1.1M in sales expected. By 2025, sales are projected to exceed $5M. The company’s innovative technology has attracted key industry players like ExxonMobil, Sudzucker, TotalEnergies, and PTT, some of whom have already integrated the platform into their Standard Operating Procedures. Furthermore, Angara is preparing pilots with major players like ARAMCO, BAPCO, and Neste. Notably, the platform’s CO2 reduction potential has been validated by DNV, with 400M metric tons of CO2/year being targeted for reduction.
- Market potential: Angara is targeting some of the world’s most energy-intensive industries, with a focus on sectors such as refining, chemicals, petrochemicals, fertilizers, biofuels, and water treatment. The market for industrial decarbonization is vast, and Angara’s platform is scalable to meet the needs of global companies across these sectors. In petroleum refining alone, Angara’s technology has the potential to abate Scope 1 emissions of 400 metric tons of CO2/year, with 160 metric tons of that achievable immediately using existing equipment—saving over $50 billion per year in energy and carbon costs.
- Angara’s achievements have not gone unnoticed in the tech and green energy sectors. The company was named the winner of The Digital Technology of 2024 by ADS, was featured on the AI 50 FORBES List, and has been recognized by JP Morgan’s Green Economy Banking. Their innovative approach has positioned them at the forefront of decarbonization solutions for industrial processes.
Investment Snapshot:
- Type: Series A
- Target amount: £4.1m
- Minimum contribution: £41k
For further information or to speak with Angara directly contact Anton Themen at [email protected]
