Rovco Secures Funding For 3D Visualization Project
Subsea technology company Rovco said it has secured Innovate UK funding to develop a cutting-edge 3D visualization system as part of a two-part Artificial Intelligence demonstrator project potentially worth £1 million.
Working in partnership with the Offshore Renewable Energy (ORE) Catapult, the first phase of the project will see Rovco develop the equipment and software required to produce live 3D data from challenging and extreme subsea environments. The technology will be trialed and tested at ORE Catapult’s renewable energy test facility in Blyth.
Phase two will include the development of a complete 3D vision-based survey solution using Artificial Intelligence (AI). The technology could reduce offshore inspection costs by up to 80 percent, exploiting recent advances in both camera technology and embedded graphic processing, while utilizing small, intelligent, autonomous robotic vehicles.
Once trialed and tested, Rovco believes the technology could revolutionize the way energy companies manage and inspect their subsea assets, potentially saving hundreds of millions of pounds in offshore inspection costs each year.
The first phase of the project will be 70 percent supported by Innovate UK, and the remaining 30 percent will be funded by Rovco. The planned phase two is expected to be further backed by Innovate UK once technical feasibility is proven. This will see Rovco partner with an autonomous vehicle manufacturer and other innovative subsea companies.
As the U.K. Government....