INNOVATIVE SOFTWARE & RESEARCH

Solving Tomorrow's Complex Engineering Challenges

The Innovative Software & Research (ISR) team is solving the industry challenges of the future by incorporating innovative explainable artificial intelligence (XAI) and financial-based, automated decision-making capabilities into Equity’s cloud-based software. These innovations are designed to help aging energy industries prioritize inspection and maintenance activities to save money, reduce risk, increase safety, and reduce failures.

The team is pushing the boundaries of conventional asset lifecycle management by leveraging next-generation XAI. XAI overcomes the limitations of traditional pure data analysis-based AI by properly blending expert knowledge, inspection findings, maintenance data, and field observations.

The team is actively focused on:

  • Metallurgical degradation mechanisms of aging assets
  • Pipeline integrity management
  • Storage and lifecycle management of spent nuclear fuel canisters

Benefits

Optimize inspection & maintenance activities to reduce lifecycle costs

Improve operational reliability

Reduce risk of aging infrastructure

Make informed and computer-aided engineering decisions

Meet or exceed jurisdictional requirements

Innovative Research Grants

Since its inception in 2010, Equity’s AR&D team has received multiple Small Business Innovative Research (SBIR) grants from the US Department of Energy (DOE) to leverage AI Bayesian Network technology to optimize lifecycle decision strategies and reduce asset management costs.

High-Performance Computing (HPC)

Develop HPC for the design of industrial trade tools for aging energy assets. This project instigated BENGI development.

Capabilities are now available in the Equity Engineering Cloud (eec) platform.

Bayesian Engine for Insights (BENGI)​

Use AI and machine learning to improve financial lifecycle decision-making strategies. BENGI will revolutionize engineering analysis by applying intelligent decision-making capabilities to all Equity’s software and technology.

Nuclear Fuel Canisters (CAN2)​

Determine the optimal inspection and maintenance strategy for spent nuclear fuel (SNF) canisters.

Pipeline Integrity Management​

Prevent unexpected failures in piping systems by blending inspection data with expert knowledge, probability of failure, and financial-based consequence analysis to accurately predict corrosion rates.