Through its AssetCare platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers in support of Saudi Vision 2030 ESG objectives

mCloud Technologies, a leading provider of AI-powered asset management and environmental, social, and governance (ESG) solutions, is unlocking the untapped potential of energy intensive assets using AI and analytics, curbing energy waste, maximising energy production, and getting the most out of critical energy infrastructure.

The US-based company continues to make strides in providing solutions to the oil and gas industry as well as the buildings sector in the Kingdom of Saudi Arabia.

It recently signed a memorandum of understanding (MOU) with Aramco to explore the co-development of a digital technology hub for delivering ESG solutions in the Kingdom of Saudi Arabia.

The hub would enable both parties to jointly develop new AI-powered innovations to facilitate the carbon reduction of complex energy-intensive assets throughout the Kingdom and abroad.

Additionally, mCloud plans to develop a centre of excellence that will serve as a home base for a dedicated team of ESG and digital transformation experts based in Saudi Arabia.

Worker solutions are connected through a control centre

Targeted application areas include 3D digital twins, AI solutions for asset performance management, visual inspection to drive asset reliability and asset integrity, fugitive gas and leak detection, mobile connected work, and digital facility management.

Commenting on the new agreement, Russ McMeekin, mCloud President and CEO, says: 'This MOU with Aramco is the largest, most ambitious agreement signed by mCloud to-date and is the basis for tremendous growth and innovation.

He says Aramco is driving the digitalisation of oil and gas and the adoption of advanced technologies to decarbonise and drive positive ESG outcomes.

'The collaboration between mCloud and Aramco has remarkable strategic and operational significance to mCloud’s growth, and I intend to have a regular minimum quarterly presence in the Kingdom of Saudi Arabia to support the success of this initiative for many years to come,' McMeekin adds.

This new agreement follows mCloud’s cloud agreement in December with Saudi-based Virtual Vision (V2), a local provider of cloud computing services within Saudi Arabia, to host its flagship AssetCare solutions on the V2 Public Cloud for use in the Kingdom.

The agreement enables mCloud to complete the onboarding of several new Saudi customers and immediately take these customers live with AssetCare.

The agreement with V2 also ensures mCloud is ready for scalable deployment within Saudi Arabia and in a manner compliant with Saudi legal requirements by geo-locating AssetCare data within the Kingdom.

And now the proposed center of excellence would leverage V2’s high performance infrastructure to deliver next-generation ESG-focused applications powered by mCloud’s AssetCare platform.

ESG OBJECTIVES

mCloud has been driving new business throughout the Kingdom in support of the ESG objectives of Saudi Vision 2030.

Experts at a plant ... mCloud offers complete asset management solutions

Its solutions include fugitive leak detection technology to reduce methane gas emissions at processing facilities as well as indoor air quality/energy management solutions in office buildings, restaurants, retail, etc.

Through its AI-powered AssetCare platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers.

IoT sensors bring data from connected assets into the cloud, where AI and analytics are applied to maximise their performance.

About the agreement with V2, Costantino Lanza, mCloud co-founder and Chief Growth and Revenue Officer, says: 'As we build our footprint in Saudi Arabia, it is imperative we have a capable, secure, and scalable cloud partner in the Kingdom of Saudi Arabia,' says Costantino Lanza, mCloud co-founder and Chief Growth and Revenue Officer.

'The speed at which we are able to deploy our first solutions is indicative of the high-performance environment that V2 maintains for its customers.'

'V2 hosts and partners with customers key to mCloud’s plans in Saudi Arabia,' Lanza adds.

'With AssetCare now hosted in the cloud with V2, we are setup to take our business to scale by offering a robust, highly secure, and compliant environment for Saudi customers.'

'We at V2 are looking forward to mCloud’s ability to drive results in the health and performance of assets for companies in Saudi Arabia,' says Hazem Sandouka, V2 Chief Operating Officer.

'The ability to provide results driven by savings and productivity gains is going to assist organizations in Saudi Arabia to meet their future ambitions.'

V2 has successfully implemented and supported enterprise-grade solutions to help clients drive business growth and revenues. Its customers and partners include CloudSigma, Hewlett Packard Enterprise, Microsoft, and Aramco.

With a cloud Tier-3 data centre in Riyadh, V2 offers customers a combination of raw underlying computing power with an approach and tools that channel computing power most effectively.

In collaboration with local partners such as V2, mCloud has brought the full suite of AssetCare solutions to Saudi Arabia, including ESG tracking and reporting capabilities via AssetCare Enterprise, HVAC and indoor air quality solutions via Connected Buildings, connected worker solutions through AssetCare Mobile, and the Company’s 3D Digital Twin offering, all of which are seeing customer adoption in support of the ESG objectives of Saudi Vision 2030.

'A key principle of the Saudi Vision 2030 is to innovate and apply advanced digital technologies in many different areas to drive economic growth and prosperity. mCloud's AssetCare portfolio in this context is an ideal platform for this. Working with Aramco to deploy and develop applications focused on eliminating waste and reducing carbon intensity will help assets and workers be highly productive. The joint ESG and digital hub with Aramco sets the path forward,' McMeekin tells OGN.

In October last year, the company received a license to conduct business activities from the Ministry of Investment of Saudi Arabia (MISA), the first foreign company to offer cloud-based asset management solutions to receive such an approval.

In the subsequent month, mCloud equipped the first two of over 100 restaurants owned and operated by the AFCO Restaurant Group in the Kingdom.

The company expects to add numerous buildings and oil and gas assets to its AssetCare portfolio by mid-2022.

With a worldwide presence and offices in San Francisco, Vancouver, Calgary, London, Perth, Singapore, and Beijing, the mCloud family includes an ecosystem of operating subsidiaries that deliver high-performance IoT, AI, 3D, and mobile capabilities to customers, all integrated into AssetCare.

The company has over 100 blue-chip customers and more than 63,000 assets connected in thousands of locations worldwide, mCloud is changing the way energy assets are managed.