AUSTIN, Texas--(BUSINESS WIRE)--May 10, 2023--
Infinity Water Solutions (Infinity) and Quantum Reservoir Impact (QRI) today announced a strategic partnership to support the development, deployment and advancement of a water intelligence platform called SpeedWise ® Water – an AI and machine-learning software designed to standardize, categorize and appraise water, most notably the produced and treated produced water coming from the energy sector.
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With robust end-to-end workflow tools, SpeedWise® Water helps to streamline the drilling and exploration process with better water analytics and data. (Photo: Business Wire)
Working within an energy ecosystem to support businesses, financial institutions, government agencies and academia, SpeedWise ® Water leverages real-time data to accelerate decision-making and innovation, enhance purchasing power and fight information scarcity when it comes to sourcing, investing in and selling manufactured fit-for-purpose water products.
“The joining of QRI’s next generation software, with Infinity’s boots-on-the-ground water management experience is an unbeatable customer value,” said Infinity’s Chief Executive Officer Michael Dyson. “Together, we’re creating greater levels of efficiency and workflow optimization to help our customers and major operators across the Permian, and elsewhere, build connections, initiate commerce, and maximize their positive environmental impact.”
As a major water recycler, in one of the most prolific basins in the World, Infinity has demonstrated success in managing significant amounts of produced and recycled produced water. The result has been both an industry-wide reduction in the dependance of freshwater resources, and an actual (and substantial) contribution to the amount of water available per capita, specifically in Southern New Mexico.
Alleviating water scarcity, however, is not just about preserving supply, but ensuring that those new and available water sources can be easily accessed and exchanged openly and transparently. SpeedWise ® Water is that bridge – a centralized, systematic hub connecting the gap between buyers and sellers, inventory and application.
“Infinity and QRI are a powerful combination. The coupling of our complementary skill sets, intel, technology and teams have resulted in a truly impressive platform,” said Dr. Nansen G. Saleri, QRI Chairman & CEO. “Together we can deliver far more positive outcomes towards sustainability and clean energy than either company individually. The fact that we can help the value appreciation of wastewater through AI and superior engineering makes it even more exciting.”
After nearly 20 years in business, QRI has a track record of global reservoir management and advanced analytics software development. From the U.S. to Europe and the Middle East, QRI’s data-driven, AI solutions have been used by industry-leading NOCs, major investment groups and forward-thinking communities all over the world.
An ideal partnership, the arrangement between Infinity and QRI aims to standardize, appraise and categorize water manufactured from the energy sector on a commercial scale. With robust end-to-end workflow tools, SpeedWise ® Water helps to streamline the drilling and exploration process with better water analytics and data. Key features of the platform include:
- Real-time monitoring, analysis, tracking and projections of water supply and demand;
- Improved efficacy and efficiency of right-size treatment solutions, chemistry insights and optimization based on water characteristics and constituents;
- Interactive dashboards and custom charts to help visualize various plots and metrics, and reveal intelligence on current and historical trends to enhance operations of water and/or energy infrastructure;
- Reservoir repositories with detailed geospatial data and water chemistry analytics to drive next-gen, data-backed decision-making;
- Transparency and dynamic pricing for water transactions based on comparable sales, market conditions, and predictive modeling;
- Cross-industry visibility to help minimize potential environmental and health-related issues, and guide direct and beneficial reuse rules and regulations; and
- A secure and scalable environment hosted on Amazon Web Services ’ (AWS) leading cloud platform.
SpeedWise® Water (beta version) will be released in Q3 2023. For an overview of the platform and its capabilities, please visit www.water.energy/whitepaper/ to download a copy of our recently published White Paper: The Ultimate Water Intelligence Platform for the Energy Sector and Beyond. To schedule a demo and/or speak with a SpeedWise ® Water representative, please email speedwise@water.energy.
About Infinity Water Solutions
Infinity Water Solutions, LLC. (Infinity) is an Austin, Texas-based, water technology and sustainability company dedicated to creating a more resilient water future. A pioneer in the energy industry, Infinity is reshaping how the world gathers, recycles, manufactures and exchanges water products in an open market. With a sustainable, 360-approach and comprehensive water-sharing network, Infinity offers unbeatable value both in terms of impact and cost, and is accelerating the pace at which many ESG goals can be met. To learn more visit https://water.energy/
About Quantum Reservoir Impact
Quantum Reservoir Impact (QRI) was founded in 2007 with a goal to create lasting value for upstream oil & gas customers, helping them realize increases in production, reserves appreciation and capital efficiency. Today, QRI is accelerating and facilitating the energy transformation by applying Augmented AI and machine learning to automate fresh new, hyper-efficient designs of complex workflows in the overall energy sector. QRI’s SpeedWise ® technologies provide the valuable ability to harness vast amounts of data using the power of intelligent automation. To learn more visit https://www.qrigroup.com/
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View source version on businesswire.com:https://www.businesswire.com/news/home/20230510005251/en/
CONTACT: Ashley Kegley-Whitehead
Chief Communications Officer
(512) 660-2898
Ashley@water.energy
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY OTHER ENERGY ENGINEERING UTILITIES OTHER TECHNOLOGY SOFTWARE MANUFACTURING ENERGY HARDWARE ARTIFICIAL INTELLIGENCE
SOURCE: Infinity Water Solutions
Copyright Business Wire 2023.
PUB: 05/10/2023 09:00 AM/DISC: 05/10/2023 09:00 AM
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