Omnisens, a Morges-based startup developing monitoring systems using fiber optic sensing to detect threats to energy assets, has been granted a loan from the Federal Office for the Environment. The funds will be used to further develop their software and integrate additional data analytical algorithms to improve customer experience.
Omnisens develops, produces and implements systems to monitor energy industry assets such as oil- or gas-pipelines, power cables, subsea umbilical, flowlines and risers. Omnisens systems use fiber optic sensing to measure vibrations, temperature and strain changes and detect intrusions in quasi real-time. The system uses data analytics to detect leaks, ground movements and structural deformations.
The managing company of the Swiss Technology Fund announced yesterday that the Federal Office for the Environment (FOEN) granted a loan guarantee to Omnisen. Geoffroy Lacoin, CEO of Omnisens, believes the loan guarantee contributes greatly to the further development of Omnisens: “a modular and scalable software architecture is essential for the success of our product. However building up a reliable infrastructure requires upfront capital. Thanks to the backing of the Technology Fund we are now able to extend our software product and integrate additional data analytical algorithms to improve customer experience.”
Beside technical features, Simone Riedel Riley, Managing Director of the Technology Fund, points out the ecological benefit of Omnisens monitoring systems: “Detecting threats early helps to ensure security of supply and to prevent moderately severe to severe impacts on the environment and humanity. By using the early warning system of Omnisens, carbon emissions can be reduced significantly.”
Technology Fund
The Technology Fund is an instrument of Swiss climate policy implemented by the Federal Office for the Environment, FOEN. The Fund grants loan guarantees to Swiss small and medium-sized enterprises (SME) which are developing and marketing innovative technologies to reduce greenhouse gas emissions, to use electrical energy more efficiently, to promote renewable energy or to protect the natural resources. Innovative SMEs, which are developing and marketing climate friendly technologies, can apply for a loan guarantee of up to CHF 3 million from the Technology Fund. The application form is available online at www.technologyfund.ch.
(Press release)
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