BeyonC today announced that it has been selected to join Chevron Technology Ventures' (CTV) Catalyst Program.
TRONDHEIM, Norway: BeyonC on Friday, December 30, 2022 announced that it has been selected to join Chevron Technology Ventures' (CTV) Catalyst Program, an initiative to help early-stage companies mature their technologies with the aim of benefiting the energy industry globally. It incentivizes BeyonC to further develop proprietary technology that is designed to improve the safety of performing subsea inspections while reducing carbon emissions, potentially improving asset reliability and reducing extra expenditure.
BeyonC has patent-pending technology that provides mini-ROVs (Remotely Operated Vehicles) cost-effective on-demand asset integrity data. The BeyonC technology platform has been shown to provide a dramatic reduction in CO2 footprint compared to surveying performed by large offshore vessels. The data include status for Cathodic Protection (CP) from the industry-leading FiGS® platform that is fully integrated into the body of the ROV.
This technology supplies CP status and visual surveys for offshore installations, providing decision data for operators as well as mapping the integrity status for the offshore facilities. In 2023, BeyonC will focus on oil and gas pipelines and plans to hand over the first offshore wind integrity survey.
The CTV Catalyst Program was launched in 2017 to accelerate the maturation of early-stage companies that demonstrate technology beneficial to the energy sector. By meeting the Catalyst Program milestones, BeyonC can progress toward commercialization of its technology and complete trials with global operators in the energy industry.
Thomas Sperle, Chief Executive Officer, said, "We are proud and excited to join the CTV Catalyst program. This is a major recognition from the industry that we expect will enable BeyonC to accelerate development and monetizing of our proprietary and unique technology. We are delighted that our technology-focused approach has been recognized by Chevron Technology Ventures and we look forward to continuing collaborations in this next phase of our growth and development."
Image: BeyonC