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TMC and Kongsberg Digital Announce Next Phase of Agreement to Bring AI and Hybrid Machine Learning to Future Deep-sea Nodule Collection Operations
The renewed agreement will see the parties further develop their Digital Twin which will integrate multiple data streams from TMC’s future production system
About this update from Tmc The Metals Company Inc.
[{"type":"text","content":"The renewed agreement will see the parties further develop their Digital Twin which will integrate multiple data streams from TMC’s future production system and will enable 3D visualization of its deep-sea operating environment, providing ‘eyes and ears’ to the regulator and stakeholdersIn 2022, TMC took delivery of a prototype of the Digital Twin which was deployed during successful test mining conducted by its subsidiary NORI and gathered rich data on the operational and environmental performance of TMC’s full production system.The Digital Twin is a core component of TMC’s broader Adaptive Management System (AMS) which is designed to utilise AI and hybrid machine learning capabilities of the Digital Twin with expert analysis to ensure operations remain within environmental impact thresholds, a system with potential applications for resource operations at sea and on land. NEW YORK, Sept. 06, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (the “Company” or “TMC”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it had entered into the next phase of its relationship with Kongsberg Digital, a Norwegian leading software company that unlocks the value of data for customers within the maritime, energy, renewables, and power grid industries, to further develop the Digital Twin of the deep-sea operating environment of NORI Area D. Following the successful trials of the prototype Digital Twin during test mining conducted by TMC subsidiary Nauru Ocean Resources Inc. (NORI) in 2022, the parties will now build upon the system’s capabilities by incorporating additional data streams which will be used to train AI models to determine key outcomes of its full production system, including the environmental impacts of robotic collectors operating on the seafloor. Ahead of NORI’s expected first production in Q4 2025, the extensive range of data gathered throughout the water column by a suite of marine sensors and ingested into the Digital Twin will enable 3D visualization of deep-sea operations in a dynamic dashboard for review by stakeholders. The Company believes its AI-driven virtual operating environment will enable one of the most transparent natural resource projects in history. Gerard Barron, Chairman and CEO of The Metals Company, said: “The Digital Twin and AMS will ...