Revolutionizing Asset Performance with Scalable IoT Solutions: Insights from Joel Berntsen

SPEAKERS

Joel Berntsen Vice President, Strategy & Partnerships, Vutility

ABOUT THE SESSION

At the Oil & Gas Automation and Digitalization Conference 2023, Joel Berntsen, Vice President of Strategy and Partnerships at Vutility, shared his expertise on scalable IoT-enabled energy monitoring. With over 15 years of experience in strategic leadership across Fortune 100 corporations and start-ups, Joel’s insights are invaluable in the push toward efficiency and sustainability in energy management. His focus on smart building and IoT-enabled solutions is transforming asset performance in the energy sector, driving optimization, and reducing costs. 


Key Topics-
 

• HotDrop Technology: 

In energy production and refinery operations, the challenge of monitoring non-critical but vital assets has traditionally been hampered by high capital costs. This has led to manual tracking, missed opportunities for revenue, and increased downtime when equipment fails. However, Vutility’s HotDrop technology is breaking through these barriers by offering real-time visibility to refinery operations at a fraction of the cost of traditional methods. 

By utilizing existing private LoRaWAN networks, HotDrop allows for proactive monitoring of equipment performance, offering quick installation and a short payback period. This innovation empowers energy producers to monitor essential assets more efficiently, reducing downtime and optimizing overall performance. With Vutility’s partnership with a major energy producer, HotDrop technology is setting new industry standards and changing the way refinery operations are managed. 
 

• Beyond Refinery Operations: 

The impact of HotDrop technology is not limited to refinery operations. It extends into upstream applications, providing remote asset monitoring that allows field teams to prioritize service based on real-time data. This leads to increased asset production and uptime, revolutionizing asset performance optimization across the energy production landscape. By bridging the gap between capital costs and critical asset monitoring, HotDrop is enabling a more streamlined, optimized, and profitable future for the industry. 
 

Key Topics: 
 

• The role of process analyzers and instruments in oil and gas process optimization. 
• The significance of achieving higher reliability for improved process outcomes. 
• Latest innovations in data science and digitalization applied to measurement, exemplified across various applications. 

For more on this conference or to access the session, reach out to us at info@ptnevents.com. 

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