Hitachi Invests in Envirosuite for Mining ESG Solutions
Key Takeaways
Hitachi Construction Machinery has bought 12% of Envirosuite Ltd for AUD 10 million, the largest single shareholder.
This will help with environmental monitoring and predictive technology in mining, global ESG and greenhouse gas.
Hitachi will drive software and growth of Envirosuite, focusing on ESG and GHG in mining.
Hitachi Construction Machinery Co., Ltd. has invested AUD 10 million to buy about 12% of Envirosuite Ltd.
The investment will be in two stages, with the first in September to buy around 11% of Envirosuite and the second to increase the total to around 12%. Envirosuite is a real-time environmental monitoring and predictive technologies for industrial operations.
This fits with Hitachi Construction Machinery’s ESG and greenhouse gas (GHG) strategy in mining. Combining Envirosuite’s environmental technology with Hitachi’s mining and Wenco’s digital mining will help mining.
Mining sites are always operating, so site conditions need to be improved for worker safety and minimised environmental impact on local communities. Envirosuite’s technology addresses this by integrating operational data, scientific methods and real-time monitoring of multiple environmental factors. Their solutions include AI-driven noise analysis, so users can identify the source of noise events.
As a global environmental intelligence leader, Envirosuite’s solutions help mining operations reduce their environmental impact and demonstrate responsible behaviour while meeting productivity targets. Hitachi Construction Machinery has broad experience across mining processes, including fleet management through Wenco International Mining Systems Ltd. Wenco’s technologies, including high-precision guidance and fatigue detection, improve mining productivity and safety.
Going forward, Hitachi’s investment will drive Envirosuite’s industrial software and expand their market into mining. This will focus on ESG and GHG, integrating Envirosuite’s solutions into Hitachi’s offerings to improve safety and environmental performance while maintaining productivity.
Hitachi Construction Machinery Group will showcase these at MINExpo2024 at Booth 8649. The group is open to innovation and providing solutions across all aspects of mining.
Envirosuite CEO Jason Cooper said:
"We are thrilled to be launching into the top tier of global mining services with Hitachi Construction Machinery and their subsidiaries. Together, we expect to set new standards in operational management and environmental responsibility for the Mining industry globally which aligns strongly with both companies’ visions for a sustainable world.
"The $10 million investment and Collaboration Agreement represents definitive industry validation of our technology at the highest level, and will showcase our ability to help customers achieve their productivity and ESG goals through an innovative site-wide digital solutions approach. This is a significant untapped opportunity in the Mining industry."
Hitachi Construction Machinery Vice President and Executive Officer, President of Mining Business Unit Eiji Fukunishi, said:
"We are excited to be investing in a strategic relationship with Envirosuite. Their decades of experience and commitment to environmental and social responsibility while helping customers achieve their productivity goals aligns perfectly with Hitachi Construction Machinery’s vision for ‘ensuring a prosperous land and society for the future, and contributing toward realizing a safe and sustainable society’.
"Envirosuite’s culture of honesty, integrity and commitment to customers and the communities we all serve is the foundation of both of our businesses. Through this investment, we hope to leverage Envirosuite’s solutions, data scientists’ analytical capabilities, and its findings and know-how in subscription business in order to further refine Hitachi Construction Machinery’s solutions in the Mining business."
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Source: Hitachi Construction Machinery
