Inspenet, December 2, 2023.
Square Robots , a company developing robots with submarine-like features for tank inspection in the oil and gas industry, has secured $5 million in funding. These funds will be allocated to the continued development and deployment of its inspection robots, with a specific focus on expanding its fleet from 7 to 11 units.
The goal of Square Robots
Square Robots’ mission is focused on eliminating the need to expose people to closed, hazardous environments, as well as avoiding disruption to tank inspection operations. Its robot, the SR-1, has an internal autonomy motor that incorporates guidance plans, navigation data and a dynamic control system to carry out inspections autonomously.
During a tank inspection, the robot uses its sediment removal system to clean the bottom of the tank before performing a moisture scan using its phased ultrasonic test suite (PAUT). The PAUT array then scans the bottom of the tank to measure thickness and collects 18,000 A-Scans for every square foot it covers. This data is reviewed in real time by Square Robots operators to ensure the capture and quality of the information.
These robots, accompanied by a team of three people, can be hired to inspect elevated tanks that store various liquids such as oil , diesel, jet fuel, gasoline, ethanol, water, among others. Crosstown Capital LP was the entity that provided the investment, as reported by Hart Energy . With this financing, Milton Lovell, managing partner of Crosstown Capital, will take a seat on Square Robot’s board of directors.
For his part, Brian Kinsey, chief growth officer at Square Robot, told Hart Energy that the company’s goal is to expand its fleet to more than 100 robots in the next five to ten years .
Don’t miss any of our posts and follow us on social media!