SparkCognition receives federal award from the Department of Energy
Summary
AUSTIN, Texas, Dec. 20, 2017 /PRNewswire/ -- SparkCognition was selected by the Department of Energys (DOE) Office of Fossil Energy (FE) to receive an award with a total value of $706,738 to improve the efficiency and reliability of coal fired power plants by deploying its state-of-the-art artificial intelligence (AI) solutions. Recognized as a 2017 Red Herring Top 100 Global awardee and recently named the Fastest Growing Company in Central Texas by the Austin Business Journal, SparkCognition has established itself as an AI leader by offering business-critical solutions for a variety of industries. Through the selection made from DOE Funding Opportunity Announcement DE-FOA-0001686, Innovative Technology Development to Enable and Enhance Highly Efficient Power Systems, SparkCognition seeks to significantly enhance productivity of coal-fired electric generating units and other industrial plants that utilize fossil fuels. SparkCognitions funding falls under the FEs Area of Interest 1: ImPOWER- Improvement to Coal Combustion Power Plants. Its cognitive analytics platform will also provide the DOE with insight on fault detections and further optimize their power plant operations.
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