Tetra Tech and Cognite Partner to Accelerate Digitalization in the Energy Utility Industry
10 May 2022 - 11:00PM
Business Wire
New partnership will enable utility clients to
fast-track value realization in data innovation, digital
transformation, and decarbonization
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end
consulting and engineering services, announced today our strategic
partnership with Cognite, a global industrial software-as-a-service
(SaaS) company driving full-scale digital transformation of
asset-heavy industries. The partnership combines Tetra Tech’s
utility management consulting expertise with Cognite’s leading
Industrial DataOps platform, Cognite Data Fusion™, to help energy
utilities remove data silos and enable users to collaborate quickly
and safely to develop, operationalize, and scale industrial AI
solutions and applications.
Together, Tetra Tech and Cognite will enable utilities to
increase resilience and drive decarbonization with digital
twin-based technology and practices for predictive maintenance,
digital inspections, and system analytics.
Cognite Data Fusion will augment the Tetra Tech Delta suite of
proprietary technologies and analytical tools and is part of our
Leading with Science® approach to deliver clear solutions to the
most complex client challenges. Cognite will add its technical and
development support for implementation within the utility
technology ecosystem to Tetra Tech’s deep and detailed utility
operations experience to advance accelerated adoption and change
management in asset management and maintenance.
“Utility companies manage a significant amount of data, and the
accelerated deployment of renewable energy, battery storage, and
electric vehicle mobility will further increase data complexity,”
said Dan Batrack, Tetra Tech Chairman and CEO. “Through our
partnership with Cognite, we will use our Leading with Science
approach to help utility clients streamline data sets and establish
a platform to enable digital innovation for core operations.”
Trygve Ronningen, Executive Vice President of Operations,
Cognite North America, said, “In operations, data must be anchored
within the larger process for it to be leveraged in any meaningful
way, be that to improve reliability, minimize risk, or increase
operational flexibility. With Tetra Tech, we are excited to help
more utilities take full advantage of their data by reducing time
spent on data-related tasks by 90 percent and accelerating digital
use case development by 10-25 times.”
For more information on Tetra Tech’s and Cognite’s joint
approach to digital twin-based technology, read our Utility
Analytics Institute article, “Demystifying the Digital Twin. Time
to Rethink the Definition?”
About Cognite
Cognite is a global industrial SaaS company that was established
with one clear vision: to rapidly empower industrial companies with
contextualized, trustworthy, and accessible data to help drive the
full-scale digital transformation of asset-heavy industries around
the world. Our core Industrial DataOps platform, Cognite Data
Fusion®, enables industrial data and domain users to collaborate
quickly and safely to develop, operationalize, and scale industrial
AI solutions and applications to deliver both profitability and
sustainability. Visit us at www.cognite.com and follow us on
Twitter and LinkedIn.
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and
engineering services for projects worldwide. With 21,000 associates
working together, Tetra Tech provides clear solutions to complex
problems in water, environment, sustainable infrastructure,
renewable energy, and international development. We are Leading
with Science® to provide sustainable and resilient solutions for
our clients. For more information about Tetra Tech, please visit
tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
Any statements made in this release that are not based on
historical fact are forward-looking statements. Any forward-looking
statements made in this release represent management’s best
judgment as to what may occur in the future. However, Tetra Tech’s
actual outcome and results are not guaranteed and are subject to
certain risks, uncertainties and assumptions ("Future Factors"),
and may differ materially from what is expressed. For a description
of Future Factors that could cause actual results to differ
materially from such forward-looking statements, see the discussion
under the section "Risk Factors" included in the Company’s Form
10-K and Form 10-Q filings with the Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20220509006253/en/
Tetra Tech Contacts: Jim Wu, Investor Relations Charlie
MacPherson, Media & Public Relations +1 (626) 470-2844
Cognite Contact: Michelle Holford, Global PR Lead +1 (512)
744-3420 (US) +47 482 90 454 (Norway)
michelle.holford@cognite.com
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