MatAlytics Ltd, a spin-out company from the University of Nottingham, is set to revolutionize the energy sector with its cutting-edge AI-driven software called CITRUS. Developed over years of research activity, CITRUS aims to accurately monitor the structural integrity of critical power plant components in real-time by combining advanced material modeling and artificial intelligence techniques.
The company recently received a significant funding boost from Innovate UK to commercialize the system in collaboration with industry giants such as Uniper UK, EDF France, and the Electric Power Research Institute (EPRI) in the US. This collaboration will allow plant operators to make informed decisions to optimize commercial output while enhancing system efficiency, reducing fuel consumption, and improving plant safety.
“We are proud to launch MatAlytics Ltd and bring this groundbreaking system to market after a decade of development,” said Christopher Hyde, CEO of MatAlytics Ltd. “Operators will now have access to immediate structural health feedback based on live power plant operation, a capability that has not been available until now.”
While initially focusing on the energy sector, MatAlytics Ltd plans to expand into other industries once CITRUS is established. “The possibilities for our software are endless, and we are excited to introduce CITRUS to the industry and see its potential impact grow,” said Benedikt Engel, CTO of MatAlytics Ltd.
Dan Hatfield, board chairman and investor, emphasized the importance of CITRUS in assisting operators with decision intelligence amidst the transition to renewable energy. “CITRUS will provide critical energy infrastructure operators with the tools needed to navigate the challenges of sustainability and maintain operations efficiently,” he stated.
MatAlytics Ltd, a spin-out company from the University of Nottingham, is set to revolutionize the energy sector with its cutting-edge AI-driven software called CITRUS. Developed over years of research activity, CITRUS aims to accurately monitor the structural integrity of critical power plant components in real-time by combining advanced material modeling and artificial intelligence techniques.
The company recently received a significant funding boost from Innovate UK to commercialize the system in collaboration with industry giants such as Uniper UK, EDF France, and the Electric Power Research Institute (EPRI) in the US. This collaboration will allow plant operators to make informed decisions to optimize commercial output while enhancing system efficiency, reducing fuel consumption, and improving plant safety.
“We are proud to launch MatAlytics Ltd and bring this groundbreaking system to market after a decade of development,” said Christopher Hyde, CEO of MatAlytics Ltd. “Operators will now have access to immediate structural health feedback based on live power plant operation, a capability that has not been available until now.”
While initially focusing on the energy sector, MatAlytics Ltd plans to expand into other industries once CITRUS is established. “The possibilities for our software are endless, and we are excited to introduce CITRUS to the industry and see its potential impact grow,” said Benedikt Engel, CTO of MatAlytics Ltd.
Dan Hatfield, board chairman and investor, emphasized the importance of CITRUS in assisting operators with decision intelligence amidst the transition to renewable energy. “CITRUS will provide critical energy infrastructure operators with the tools needed to navigate the challenges of sustainability and maintain operations efficiently,” he stated.
