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Climate and environmental modeling

Last update: 9/12/2024, 2:00:41 PM
Price changes
1D: +0.67%
5D: +3.68%
1M: +0.87%
3M: +3.31%
6M: +7.75%
1Y: +23.14%
3Y: +22.69%
Climate and environmental modeling refers to the scientific field that uses mathematical models and computer simulations to predict and understand changes in the Earth's climate and environment. This theme analyzes the interactions of various Earth systems such as the atmosphere, oceans, glaciers, and ecosystems to predict future climate changes and provide crucial data for environmental policy-making. As the severity of climate change has become more prominent recently, the importance of this technology has been further highlighted. The impacts of climate change, such as extreme weather events, sea level rise, and ecosystem destruction, are appearing globally, making accurate predictions and response strategies essential. Additionally, with the advancement of artificial intelligence and big data technologies, the precision of climate models has increased, allowing for more reliable predictions. For these reasons, climate and environmental modeling has become a very important research field among scientists and policymakers today.
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Aspen Technology, Inc.

AZPN

Aspen Technology, Inc. provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management. The company serves a range of asset-intensive industries, including oil and gas exploration and production; oil and gas processing and distribution; and oil and gas refining and marketing, as well as bulk and specialty chemicals, engineering and construction, power and utilities, metals and mining, and pharmaceuticals. Aspen Technology, Inc. was founded in 1981 and is headquartered in Bedford, Massachusetts. Aspen Technology, Inc. operates as a subsidiary of EMR Worldwide Inc.

Selected reason

  • Participation in 'Climate and Environmental Modeling' within 'Digital Twins and Simulation Technologies.'
  • Collaborating with clients in the renewable energy sector, including wind energy and green hydrogen production, to enhance modeling capabilities.
  • Utilizing emission management solutions for CO2 tracking and reporting, supporting sustainability projects.
  • Aiming to achieve net-zero emissions by 2045.
  • Actively engaging in projects related to carbon capture and renewable fuels.

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