Digitization of Energy SOURCE INFO Highlights of GE’s solutions
Digital Power Plant (DPP) The DPP combines the physical strengths of high-efficiency air-cooled (HA) gas turbines with a powerful tool to improve reliability, availability and dispatch with reduced production costs. New revenue streams can now be realized to provide improved primary response to meet grid demands, ancillary market frequency regulation, and real-time trade-offs between faster starts versus parts lives and grid demands.
Asset Performance Management (APM) APM is a suite of cloud-based software and service solutions that works across all equipment, all OEMs, and all industries—across the plant and across the fleet. The solutions cover Machine & Equipment Health, Reliability Management, and Maintenance Optimization—to help asset- centric industrial companies increase uptime, decrease costs, and reduce operational risks.
Operations Optimization (OO) OO is a cloud-based suite that provides Key Performance Indicator (KPI) focused analytics and by analyzing internal plant data, historical operational data, or external information delivers proactive recommendations in order to inform key resources, reduce production costs, and enhance plant flexibility. Every level of operations can tap into consistent visibility across systems, giving the insights to act towards optimal operational excellence.
Business
Optimization (BO) BO is a cloud-based suite that helps power producers take full advantage of predictive analytics to make improved decisions around power trading, fuel purchases and portfolio management. Modules can forecast plant capability and market behavior to maximize revenue, while optimizing profit by scheduling outages and operations, against factors such as market conditions, load/demand variations, weather forecasts, fuel forecasts, transmission constraints and power/fuel pricing considerations.
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Energy Management & Optimization Solution After performing an expert audit of existing HVAC, lighting and equipment systems—data measuring, analyzing, predicting and energy consumption optimizing are conducted on the Predix platform. This digitized solution enables energy purchase at the best price, efficient management of energy using assets, actionable intelligence development on asset performance to better prioritize repair and replacement decisions, and assurance that utility bills are free from errors.
~$1.3T
OF INDUSTRY VALUE FROM SERVICE PLATFORMS, SMART DEVICES, THE ‘CLOUD’, ADVANCED ANALYTICS
90
SOURCE INFO
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