Profile: Infosys - fostering resilience through digital
Offering a comprehensive suite of digitally-aware services for practically every major industry, Infosys is a partner for navigating digital tech.
Currently helping SSE Energy progress to new areas of digital development that will directly benefit its customers, Infosys has a close working relationship with SSE and always seeks out ways to excel in its services. The level of its commitment goes beyond standard collaboration and is synergistic to a degree of true partnership.
Infosys is currently enabling the digital transformation journey of clients in 46 countries; the company possesses over 38 years of experience and serves 1,411 customers via over 242,000 well-trained employees.
Recognised last year by being placed in the top three of Forbes’ ‘World’s Best Regarded Companies’ list, Infosys is truly a leader in its field.
Congratulating each and every one of the workers who uphold Infosys’ values across its global enterprise, Salil Parekh, CEO, stated, “This recognition is a testimony of our long lasting values and continuous pursuit of excellence towards making our clients successful.”
A partner for digital
The company’s services can be broken down into five broad categories:
- Experience: Digital marketing, digital commerce, digital interactions and digital workplace services.
- Insight: AI & automation and data analytics.
- Innovate: Blockchain, engineering services and internet of things (IoT).
- Accelerate: Agile & DevOps, cloud, Oracle, SAP, Salesforce, digital supply chain and more.
- Assure: Cybersecurity and testing.
In addition, the company offers a variety of platforms to suit a diverse range of needs, including:
- Finacle: an industry-leading digital banking solution developed by EdgeVerve Systems, a wholly-owned subsidiary of Infosys, which empowers customers with a seamless experience and insight-driven interactions.
- Nia: a tool to simplify the AI journey and provide industrial automation deployment to accelerate efficiency and positive business outcomes.
- Wingspan: providing insights, learning and talent transformation to maximise employee potential.
Finding solutions to problems
A company which keeps up with the latest challenges in the market and thinks of practical solutions, Infosys’ response to the COVID-19 pandemic has shown that this attitude also extends to society’s problems too:
“Infosys Foundation has always supported the needs of the country in difficult situations and we will continue to work with governments, non-profits, and healthcare institutions in their fight against this global pandemic,” said Sudha Murty, Chairperson, Infosys Foundation.
“All our efforts will be targeted towards ensuring that the relief material reaches the people who need it the most, whether it is a patient who cannot afford treatment, our healthcare personnel, or daily-wage workers whose livelihood has been severely impacted.”
Parekh concluded by adding that combatting COVID-19 would require strong leadership and collaboration around the world, urging everyone to do there part in its resolution.
“At such a time, it is imperative for businesses to join hands with the governments, civil society, as well as healthcare institutions to support the communities we live and serve in. Infosys Foundations, both in India and in the USA, are extending their resources and technological capabilities to help people who are most impacted by this pandemic.”
Financing rises in digital platforms and renewables projects
Cold Bore is leading a shift in the completions (fracking) industry towards safer, more autonomous operations by providing oil & gas companies with SmartPAD, a centralised fully integrated software and hardware platform designed to collect, analyse, and report data. Better utilisation of this data unlocks operators’ ability to make improvements across all KPIs.
Results from a recent SmartPAD implementation with Hibernia Resources, saw the Permian-based producer able to reduce the duration of their completions program by 15 days (27%), with commensurate reductions in cost and emissions.
Along with this investment from bp ventures, bp will be deploying Cold Bore’s SmartPAD in bpx energy’s US onshore operations. The technology will support bpx’s efforts to continuously improve its operations.
“The oil & gas industry has realised that technological innovation is key to meeting growing calls for reduced emissions and improved returns. Cold Bore is proud to be playing a leadership role in the future of oil & gas operations.” said Brett Chell, Co-founder & President at Cold Bore Technology.
“As we scale to meet incredible demand, we’re excited to have a strong strategic partner in bp, a forward-thinking international energy company, and to play a part in helping bp reach its carbon and operational targets. The future of the oil & gas industry is autonomous operations."
Existing investors include the Rice Investment Group (RIG), a $200M multi-strategy, energy sector investment fund.
Another company in the spotlight last week was Soltage, a leading independent renewable power producer, which has raised a $130M debt facility led by Silicon Valley Bank. The investment will finance a 110MW national portfolio of projects across North Carolina, South Carolina, Maine, Illinois, Virginia and Maryland.
The construction of this portfolio will be staged over the next three quarters, with construction currently underway on ten projects across four states. Customers purchasing electricity from the projects financed through this debt vehicle include Investor Owned Utilities buying power under Public Utility Regulatory Policies Act (PURPA) contracts, community solar subscribers and corporations purchasing power from the portfolio to meet clean energy goals and lower energy costs.
Silicon Valley Bank is the Sole Coordinating Lead Arranger of the debt facility with three other banks included as lenders. This facility includes an optional $100M expansion feature to finance additional projects beyond the current set of identified projects. This announcement marks the latest development for the Soltage Iris capital vehicle, following Soltage and Harrison Street's $250M commitment in March to deliver 450MW of new solar, solar+storage and standalone storage development across the US.
"Soltage continues to provide stable investment opportunities for capital providers who are looking for bankable approaches to sustainable infrastructure investment," said Sripradha Ilango, Soltage CFO. "We are pleased to continue to bring to market high quality project portfolios that open avenues for corporations, utilities and families to adopt solar power and achieve decarbonisation priorities."
"We are at a critical point where funding domestic infrastructure to bring more clean energy online in the United States is of the utmost importance," said Bret Turner, Market Manager at Silicon Valley Bank. "Our team is proud to work with Soltage to support building these essential zero carbon energy projects in key locations across the country."
This announcement is part of a continued movement of mainstream investors looking to solar and other renewable infrastructure assets for long-term investment opportunities. Soltage has deployed over $1B into clean energy assets across the US since its founding in 2005.
SVOLT Energy Technology Co., a leading EV battery manufacturer, held a B Round Financing Transaction Ceremony in Changzhou, Jiangsu on July 28. Following the completion of A Round Financing of RMB 3.5 billion ($538 million) at the end of February, the company rapidly closed this third round of market-based equity funding, raising a total amount of RMB 10.28 billion ($1.58 billion).
Last month also saw Longroad Energy, a US-based renewable energy developer, owner and operator, complete term financing for Sun Streams 2, its 200 MWdc solar project in Maricopa County, Arizona. Longroad owns 100 percent of the project after acquiring it in early 2021 from First Solar, the original developer.