Published by Bella Weetch, Editorial Assistant
Hydrocarbon Engineering, Wednesday, 11 May 2022 10:00
The American Society of Mechanical Engineers (ASME) and Black & Veatch have announced that the launch of a new joint venture (JV), Twinify Technologies LLC, to provide digital twin solutions serving clients in asset-intensive industries. Headquartered in New York, US, Twinify will operate through a partnership between the International Society of Interdisciplinary Engineers (ISIE) LLC, a for-profit subsidiary of ASME, and Black & Veatch.
“Digital twin technologies are essential to enhancing competitiveness, efficiency, and scalability for the power, water, and manufacturing sectors as they strive to provide reliable and cost-effective service delivery in a tighter operating and regulatory environment,” says ASME Executive Director/CEO, Tom Costabile. “ASME has long been a leader in performance test codes and operating standards that can elevate the performance and capabilities of digital twin services. We are proud to team up with Black & Veatch, a leader in sustainable infrastructure, to build on their existing technology and develop new state-of-the-art digital twin solutions for a diverse range of clients.”
Twinify’s digital twin solutions will focus on improving infrastructure asset efficiency and responsiveness and reducing downtime. Powered by deep industry domain knowledge and a unique combination of domain models and artificial intelligence (AI), the company delivers integrated, OEM agnostic, adaptive planning capabilities that optimise performance and mitigate risk. Twinify will help clients in asset-intensive industries to build, deploy and manage real-time digital twins, and develop and deploy digital twin standards and guidelines that address critical design and operational business issues.
“Clients across infrastructure sectors need services that can improve and accelerate how asset-intensive industries design, build, and operate critical assets and processes,” says Marty Travers, Executive Director of Black & Veatch. “Twinify’s offerings combine ASME’s leadership in bringing standards, best practices, education, and solutions to industry with Black & Veatch’s proven ability to operationalize domain expertise and asset analytics to solve complex industry challenges.”
Peter Marino will join Twinify Technologies as its interim CEO. Most recently, he was Senior Manager of strategy and special projects for ASME. Marino has been with ASME since 2020. Previously, he was the Founder and Executive Director of the Metropolitan Society for International Affairs in New York and has run technology and finance start-ups in London, England, and Shanghai, China. The start-up team includes Scott Stallard and Brian Baker, who each have more than 20 years of distinguished service with Black & Veatch and will serve as Chief Technology Officer and Chief Architect, respectively. Four other Black & Veatch professionals will also join the start-up.
“Twinify provides a critical solution at a transformative time for the infrastructure services industry,” says Marino. “The last two years highlight the importance of technology in delivering superior industrial efficiency and coordination in maintaining system stability while delivering economic growth and exceptional returns. The full impact of the digital industrial revolution is just now coming to bear, and Twinify is entering the market at the right moment to help our clients realise more value across their portfolios.”
As part of the new company’s operations, nDimensional, a leader in digital twin enablement, will aid Twinify in the delivery of advanced digital twin solutions.