VivoPower Signs Definitive Joint Venture Agreement With Digital Twin Technology Company, Geminum
Portfolio Pulse from Benzinga Newsdesk
VivoPower International PLC (VVPR) has signed a joint venture agreement with Geminum, a digital twin technology company. The partnership aims to design, test, and implement digital twins of Tembo electric utility vehicles and VivoPower's sustainable energy solutions. The digital twins will help corporations optimize total cost of ownership and capture near real-time analytics and carbon abatement data. The partnership will also provide mining industry expertise to assist Tembo with the development of solutions for remote owner operators.
October 18, 2023 | 1:00 pm
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VivoPower's partnership with Geminum to develop digital twins of Tembo electric utility vehicles and VivoPower's sustainable energy solutions could potentially enhance the company's offerings and attract more clients, especially in the mining sector.
The joint venture with Geminum allows VivoPower to leverage digital twin technology to optimize its decarbonisation solutions. This could potentially attract more clients, especially in the mining sector, where Geminum has significant expertise. The partnership could also enhance VivoPower's sustainable energy solutions, making them more appealing to corporations seeking to implement decarbonisation programmes.
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