Yokogawa participates in Lunar Industry Vision Council
Yokogawa Electric Corporation announces that, as a participant of the Lunar Industry Vision Council, it has worked with other members from government, academia, and industry to formulate a vision for a lunar industry, prepare a number of recommendations, and jointly submit them for the consideration of Inoue Shinji, Japan’s Minister of State for Space Policy.
Over the years, Yokogawa has utilised its experience in measurement, control, and information to support industries and the infrastructure that society depends on. Plants are one element in our industrial infrastructure that have an extremely large impact on the environment and society, so efficient, safe, and secure operations even in harsh environments are extremely important.
With the growing interest in the space industry and in lunar commercial activities, Yokogawa has designated in its long-term business framework that the space field will be an area for future exploration, and the company is actively considering future business opportunities on the moon.
Yokogawa offers a lineup of equipment that measures physical quantities such as power, voltage, current, light, and pressure with high accuracy, and advanced sensing technology with high performance and network capabilities. Moreover, Yokogawa has not only built up a long track record in providing distributed control systems for the monitoring and control of plant production equipment and operations, but has also acquired know-how on the optimal management of equipment throughout the plant life cycle. Additionally, by drawing on the latest digital technologies, including industrial IoT, AI, and big data, as well as its extensive domain knowledge, the company has developed a deep understanding of how to optimise operations. Moving forward, Yokogawa is looking to apply these strengths in the extreme environment of space.
Yokogawa will engage in co-creation with a range of partners to introduce self-sustaining, resource-saving technologies and comprehensive recycling solutions to enable a circular economy in space, where the air, water, food, and power needed to sustain human life are in extremely short supply, while also aiming to improve the global environment in line with the SDGs.
As it is anticipated that many different industries will expand their activities beyond the Earth, Yokogawa will continue to work with the Lunar Industry Vision Council to strengthen cooperation toward the goal of building an internationally competitive industrial base.