Remotely operated vehicle ( ROV ) : Rovco has secured Innovate UK governmental funding to allow it to extensively test and develop underwater 3D modelling systems in a feasibility study . Should the study be successful , the real - time inspection system could transform energy companies ’ management of their subsea assets , potentially leading to significant savings in inspection costs . Innovate UK will support 70 % of the project , with 30 % to be funded by government . Further equity investment will be sought in the second quarter of 2018 from subsea companies , universities and software developers for further expertise .
Remotely operated vehicle (ROV) provider Rovco has won Innovate UK governmental funding to allow it to extensively test and develop underwater 3D modelling technology in a feasibility study. Should the study be successful, the real-time inspection system could transform energy companies’ management of their subsea assets, potentially leading to significant savings in inspection costs. Innovate UK will support 70% of the project, with 30% to be funded by Rovco. Further equity investment will be sought in the second quarter of 2017 from subsea companies, universities and software developers for further expertise.