Dassault Systèmes GEOVIA: digital transformation in mining
Its 3DEXPERIENCE platform serves as a platform for digital innovation across different industries. GEOVIA, as part of that, is itself divided into a number of different products for different industry areas, adding up to model and simulate the planet as a whole.
GEOVIA Surpac is intended for the planning of mines, assisting via 3D representations and workflow automation. GEOVIA Gems, meanwhile, enables collaboration for mine-planning teams in areas such as exploration, modeling, mine design and production scheduling.
Tactics and strategy are another part of the company’s offering, with the former being covered by GEOVIA MineSched, which is designed to maximise productivity and profits. On the strategic level, GEOVIA Whittle focuses on both determining and optimising the economic strength of a mine.
Dassault at large has responded comprehensively to the ongoing COVID-19 pandemic, with its 3DEXPERIENCE platform fully operational on the cloud for remote working. It also said it was dedicated to facilitating remote working for its workers as well as clients.
In a press release, Bernard Charlès, Vice Chairman and CEO, Dassault Systèmes, said: “The steps we have taken in response to COVID‐19 are designed to promote safety for our employees, partners and clients with innovative solutions to help them work from anywhere with the full power of 3DEXPERIENCE collaboration.
“Today we launched numerous new approaches to accelerate innovations in R&D, manufacturing engineering and logistics, by fully exploiting virtual twin experiences online. Empowering our large base of 3D users to collaborate from home plays a significant role in their morale as they can continue their projects and learn together with a positive horizon.”
The company offers its services to industry leaders such as industrial automation firm Imvelo. You can read more about that work here, in our digital report.
Battery-powered future depends on a few crucial metals
In the big, exciting future that’s measured in kilowatt- and gigawatt-hours, batteries are enabling mass electrification across many sectors. The rapid decline in battery prices has ensured burgeoning interest from electric-vehicle makers and consumer-electronics manufacturers- even from the energy industry, for enormous stationary storage systems operating on the power grid.
Companies such as QuantumScape Corp. are developing next-generation batteries that could accelerate the transition. The field is so competitive that the industry is shrouded in secrecy, but the market still values the company at more than $16bn despite no promise of real revenue for many years to come.
It will be years before any battery breakthroughs reach the mass market. But it’s already virtually certain that rising demand for existing lithium-ion batteries will be exponential and can be matched by manufacturers only if the materials used to make batteries - primarily lithium, cobalt , and nickel - are also supplied adequately. These curves will become steeper in the decade ahead. Take a look at the charts below that show where things are headed.
Electrification has become a key theme for automakers in the US and Europe. While it was barely mentioned a decade ago, company executives are increasingly talking up batteries and electric vehicles to investors.
The rapid decline of battery costs over the past decade has surprised even the most optimistic analysts. That has played a crucial role in opening up new markets for batteries to find applications.
Electric cars will be the biggest force behind the boom in demand for batteries this decade. But batteries will also increasingly be used for smaller vehicles like scooters, commercial vehicles and to store electricity from the grid.
The decline in battery prices have helped grow the investment case for storing electricity. Companies and financial firms are now investing over $100 billion a year on energy storage and the electrification of transportation.
All the energy stored in a growing number of batteries will require a significant increase in a few key metals, lithium, cobalt and nickel.
(By Will Mathis and Akshat Rathi)