H2i and Royal HaskoningDHV first entered into a strategic partnership in 2019, when Royal HaskoningDHV invested in the Singapore-based company. The two have since leveraged their combined strengths in projects including a site-specific study along Singapore’s City-East Coast ahead of the development of a climate resilience masterplan, Shenzhen New Marine City in China, a coastal urban development on reclaiming land on the Pearl River Delta including water quality modelling and a feasibility study for Manila’s Flood Forecasting and Warning System.
Explaining the move, Erik Oostwegel, CEO of Royal HaskoningDHV, says: “By increasing our investment in H2i, we hope to build on the successes we have enjoyed so far. The combination of our deep domain, data, and software expertise and H2i’s advanced technology in machine learning and big data creates a very ambitious union, that is agile enough to rapidly address risks associated with climate change. For example, H2i’s rainfall detection and forecasting system has already proved vital for flood management and operations at Singapore’s National Water Agency PUB, and our collaboration could lead to opportunities to apply the system in other cities, delivering substantial benefits to residents and businesses.”
This move takes place against the backdrop of more frequently occurring severe weather events caused by climate change, and increased risk of flooding due to extreme rainfall, rising sea levels and ageing infrastructure. Both have the potential to have a major impact on business, physical assets, and society as a whole, explains H2i’s Chief Consultant Gerard Pijcke.
“The complex topic of climate change requires swiftly evolving science, data and derived insights. Designing and delivering strategies to improve climate resilience against such events is a key focus for both companies. Together, we can drive innovation further and create better solutions that will help clients across the hydrological cycle to adapt, anticipate and prepare for water-related issues. From rainfall forecasting and early flood warnings to flood risk and climate change assessments, the potential to increase our reach beyond Singapore is substantial,” he says.
A new board chairman will be announced later in the year, says H2i founder and non-executive director Vladan Babovic. Thanking outgoing H2i Chairman Martin Lechner for his guidance since H2i was founded seven years ago, Mr Babovic noted that in that time, the company had grown its footprint in Singapore and the region significantly, setting it up well for its next phase of growth.
No financial details about the investment will be disclosed.