R-evolution: investing in our planet
Investment in green tech can be both profitable and sustainable – for the benefit of industry and our planet.
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Company Name:
R-evolution
Key Takeaways:
- Investing in green tech projects can be profit-driven while accelerating the world’s transition to sustainability.
- Around the globe, R-evolution powered by Hexagon demonstrates technology innovation’s impact on business and the planet.
- By delivering actionable insights, R-evolution empowers an autonomous, sustainable future.
The most influential business leaders realise the time is now to invest in our planet. Through technology-leading initiatives, there is a way to support industry adoption of profitable and scalable sustainability business integration. Travel with R-evolution: powered by Hexagon on a journey around the world to see how investment in green tech can be both profitable and sustainable – for the benefit of industry and our planet.
For Hexagon, investing in our planet is not just something we think about in the future state. The time is now to empower an autonomous, sustainable future for generations. Like the Earth’s continuous rotation, our work to save the planet requires ongoing action.
The United Nations aptly refers to 22 April as Mother Earth Day. And this year, Earthday.org organisers further emphasise the need to “invest in our planet.” The active pursuit of protecting our planet began before the inaugural Earth Day in 1970 when an awareness campaign geared toward school children launched decades of activism. Those schoolchildren are now experienced business leaders who understand why the protection of the planet is a dire need.
Now, as a business leader myself, I realise that in my lifetime, our planet’s population has grown from 5 billion to 8 billion people worldwide. During this period of rapid population acceleration, little has been done to keep pace with renewable energy sources or better ways to conserve for the sake of Mother Earth while maintaining profitable businesses. We are consuming at a rate that is not sustainable for our planet, it is time to expedite and turn our awareness into action. My work as a business leader allows me to show that we can make a difference by profitably investing, scaling and partnering for a sustainable future.
The founding mission of R-evolution is 100% business-driven. As a strategic business venture, R-evolution delivers actionable insights and demonstrates the impact of technology innovation to grow and accelerate green-tech business profitably. R-evolution’s R-initiatives invest in sustainability projects with a circular re-investment strategy, so earnings and learnings can be applied and replicated. Collaborating with partners such as Google is just the start.
Join us on a journey around the globe, as we share how R-evolution’s R-initiatives are making an impact from Spain to Australia to The Bahamas to Sweden.
In Spain - digitalising solar energy production.
Near Malaga, in the south of Spain, sits a solar park project named Archidona. This acquisition of a 40-hectare site — equivalent to 60 football fields — is the home of R-evolution’s photovoltaic (PV) power production initiative. Approximately 40,000 solar panels actively convert the sun’s energy into clean electricity by connecting to the local power grid. The 16.44 MWp photovoltaic solar park can power nearly 6,000 households a year.
Innovative technologies, hardware and software monitoring solutions —including visualisation platforms and sensors — allow remote and autonomous monitoring of solar panel anomalies, inspections and maintenance.
Read more for the full details.
Investing in solar tech is critical for cities and nations, particularly in the United States, China and the European Union. Through the digitalisation of solar technology innovation, business and industry will help to drive down costs, improve efficiency and accelerate the adoption of solar power production.
In The Bahamas - mapping and conserving blue carbon ecosystems.
Travelling south across the Atlantic Ocean from Spain to the Caribbean Sea, where Beneath The Waves is working to reduce carbon emissions, protect coastal areas and restore biodiversity.
Digital reality solutions are in use to protect the estimated 92,000 square kilometres of seagrass meadows in The Bahamas, where hundreds of millions of tons of CO2 are stored. Seagrass meadows are members of the blue carbon ecosystem that naturally sequester and store carbon at a rate that is approximately thirty-five times faster than tropical rainforests.
The ongoing collaboration of data research from sensor-tagged tiger sharks, marine research vessels and Hexagon’s airborne bathymetric LiDAR delivers high-resolution and accurate underwater surveys of the massive seagrass meadows. Through this work, the programme enables multi-dimensional and intelligent methods of conserving the seabed ecosystem with a sustainable business model at scale.
Learn more about R-evolution’s ocean project helping to protect blue carbon ecosystems.
R-evolution continues to advance the digital mapping vital to protecting seagrass habitat across The Bahamas Banks.
In Australia - creating the blueprint for the future of green hydrogen.
Sailing through the Southern Hemisphere on a journey across the Indian Ocean, the R-evolution team arrives in Australia. Here, R-evolution has joined with Hexagon’s Asset Lifecycle Intelligence division and green hydrogen leader Hydrogen Utility (H2U).
With the potential to supply up to 25% of the world’s energy needs by 2050, green hydrogen is essential to help achieve net zero emissions. While zero-emissions hydrogen production is currently considered cost-prohibitive, H2U are gaining a digital native design of green hydrogen production by developing a digital twin powered by Hexagon’s Autonomous Lifecycle Intelligence software to apply adaptable, efficient solutions. Fusing the real and digital worlds provides an accurate digital reality feedback loop through a centralised single-source platform.
To meet global needs, green hydrogen production needs to grow 1,000-fold by 2030. The future of green hydrogen production depends on technology and its ability to replicate with speed and scale. R-evolution continues to invest in green hydrogen production, supporting renewable energy projects that deliver meaningful impact.
In Sweden - boosting wind energy efficiency to accelerate the green energy transition
An impactful renewable energy source continues to be wind energy production. The Egyptians first tapped into wind power in 5000 B.C., according to the Wind Energy Foundation. An already established industry, more than 750GW of wind power is annually deployed.
And yet there is still the opportunity to increase wind energy production by as much as 15% through digitalisation to improve operational efficiency. So, as we return to Europe on our trip around the planet, in Sweden, R-evolution is joining wind development projects with the ambition to use technology innovation to optimise the lifecycle of wind power and create a digital thread of information for continuous improvement. Working with Romax Technology, part of Hexagon’s Manufacturing Intelligence division, we are utilising advanced multi-physics simulation software, to tackle both commercial and technical challenges in the development of renewable energy drivetrains, such as the cost of energy production, maintenance, reliability, efficiency and time to market.
Find out how R-evolution can leverage technology that will shape wind energy operations.
Across the globe – investing in cutting-edge technology and sustainable business models to save our planet
R-evolution is actively putting Hexagon and partner technology into action to drive new values for green-tech projects across the globe.
Through R-ventures, our investment capabilities multiply. The R-ventures programme actively works with green-tech startups by contributing to breakthrough innovation with investment and access to in-kind technology. We are already investing in desalination and circular economy start-ups.
R-evolution was founded in 2021, and we have just scratched the surface of the potential opportunities to invest in our planet for the benefit of future generations. Together we can disrupt, invest and apply technology to save this planet.
Erik Josefsson
Erik Josefsson is the CEO of Hexagon’s business venture, R-evolution. Prior to joining the Hexagon family, Erik Josefsson was Head of Advanced Industries at Ericsson, where he led the delivery of global Industrial IoT and 5G solutions for the manufacturing and process industries. He has a passion for global tech, has worked and studied in Sweden, Malaysia, China, and the USA, and has experience driving many smart initiatives like 5G factories, Connected Cars and Smart Sustainable Cities.
