Technology Features & Specifications
The Multilevel Energy Optimization (MEO) is both a method and a software tool which can be used to assess CO2-reducing measures in the transportation sector. By quantifying the effect of various measures, MEO helps to compare different scenarios and enable decision-making for implementing carbon emission reduction policies and measures. Based on MEO, companies in the transportation sector can be advised on when to implement which measures to achieve the CO2-reduction targets (e.g. Paris-agreement) in a cost-efficient way.
This software tool is able to quantify and provide a breakdown of potential energy saving and benefit to the environment as a result of implementing various CO2 mitigating measures. The type of measures may range from improving vehicle’s aerodynamics, the use of advanced powertrain solutions to logistic measures such as moving a distribution center (DC), changing the number of DCs, or bundling of goods. MEO does not simply add the effects when several measures are applied, but takes into account the interaction between the different measures.
- Transportation and logistics
- Transportation fleet operators
- Fleet management systems
- Transport management systems
- Singaporean incentive schemes to reduce carbon emissions from transportation operations
- Big-data driven research on transportation and logistics
Market Trends and Opportunities
Potential end-users could be small-medium, large-sized fleet operators and national authorities. The technology provider is seeking partnership or potential licensees to further develop the technology into a full fledged solution.
Individual fleet operators stand to benefit by understanding the cost-benefit trade-off between various CO2-reduction measures. At the aggregate level, MEO can support governments to devise incentive/penalty schemes to force use of more sustainable transportation operations.