Ecublens-based startup Akselos is among the 15 startups selected to join Free Electrons, the largest energy accelerator program. The startup developed simulation software that uses data to create accurate virtual replicas of an asset in its environment.
Free Electrons is the first global energy startup accelerator program designed to connect the most promising energy startups worldwide with leading utility companies. In the current edition, 30 startups joined a three-day bootcamp in Dublin where they pitched and received feedback from 10 global companies. The bootcamp also acts as testing and validation ground for business cases, supported by different industry experts.
Startups that exhibit the highest potential after the bootcamp will now proceed to the piloting phase with the ten global energy companies at Free Electrons accelerator in the United States. In this edition, 15 teams were selected; among them is the Swiss startup Akselos.
Founded in 2012 in Ecublens, Akselos developed a simulation technology that facilitates the creation of accurate virtual replicas – also known as digital twins – of an asset in its current environment. Large-scale structures such as oil rigs, hoists and port-facilities can be simulated much more easily which simplifies the construction process. With real-time access to the condition of the asset anywhere, asset operators can predict unnecessary maintenance work thereby save costs. The solution is already being used by several companies including Shell and many more in Japan.
Akselos together with its peers will kick off the piloting phase with the first module on 21 May. The program lasts one year as the finalists compete for the “Free Electrons World’s Best Energy Startup” with a prize of USD 200,000.