October 2023

VivoPower Signs Definitive Joint Venture Agreement with Digital Twin Technology Company, Geminum

VivoPower and Geminum team up to offer holistic, end-to-end fleet electrification and decarbonisation solutions

Geminum specialises in digital twin solutions for corporations seeking to implement decarbonisation solutions in a safe, cost-effective and integrated manner

Geminum leadership team have  20 years of combined digital twin and change management experience, particularly in the mining industry

VivoPower Digital Asset Geminum B

VivoPower is pleased to announce that it has signed a Joint Venture with Geminum, a specialist digital twin technology company founded in Australia, to design, test, and implement digital twins of Tembo electric utility vehicles and ancillary VivoPower sustainable energy solutions (VivoSES).

These digital twins will enable corporations engaging in decarbonisation programmes to optimise total cost of ownership (“TCO”) and capture and synthesise near real-time analytics and carbon abatement data. Geminum, a specialist digital twin technology company, will also provide mining industry expertise to assist Tembo with the development of solutions that better meet the needs of remote owner-operators.

Geminum co-founder and CEO Rob Foster said of the JV Agreement: “We were introduced to VivoPower and Tembo some time ago and were impressed by their dedication to electrification and their genuine desire to create positive change at the ecosystem level. This JV is further recognition that complex system problems like fleet decarbonisation require holistic solutions across people, process, and technology, to help fleet operators make the transition safely and cost-effectively.”

Executive Chairman and CEO of VivoPower, Kevin Chin said: “Digital twin technology will enable our customers and partners to cost-effectively and quickly assess the TCO equation of a decarbonization programme, incorporating fleet electrification solutions. With TCO for decarbonisation, it is not enough to simply consider traditional financial-based metrics, but it is equally important to carefully quantify the carbon emissions consequences as well as the implications for workflow processes and people.  This JV Agreement with Geminum will fortify our VivoSES (sustainable energy solutions) capabilities, especially for the mining sector, and enable our customers, and partners to achieve their decarbonisation goals’.

Visit the VivoPower website for more news & insights.

About Geminum

Geminum is an Australian-based technology company that specialises in the design, development, and implementation of digital twin technology for asset-intensive industries. Geminum develops solutions and provides services to asset owners, service providers, and technology companies that are seeking to create highly integrated and near real-time solutions to improve decision-making. Geminum’s mission is to assist companies who are powering the energy transition to make the transition from rules to prescriptions, by making predictive technologies easy to use and quick to deliver value.

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