Tepco Fuel and Power (Tepco FP) has signed a MoU with GE to develop industrial IoT solutions throughout the utility’s thermal power plant fleet.Tepco will leverage GE’s cloud-based Predix platform and will install GE’s asset performance management (APM) software in the LNG-fueled Futtsu Power Station Unit 4 as the first step in their agreement. The asset performance management software is powered by Predix and will serve to increase equipment efficiency and reliability.
Toshihiro Sano, president of Tepco Fuel and Power, Inc, reportedly said: “As we look at the future energy needs of our customers, we must invest in the latest digital solutions that can help us increase the productivity, efficiency and reliability of our existing power plants. [Echelon sells smart meter business to focus on industrial IoT]
“We look forward to developing a new business strategy with GE by harnessing IIoT technologies that will create new customer value at our domestic and overseas thermal power plants and deliver improved reliability for our customers through improved plant economics.”
[quote] Work at the Futtsu Power Station will be used as a model for other utilities operating in the region.
The Predix platform is designed to power modern digital industrial businesses. APM and other Predix-based applications connect industrial assets, collecting and analyzing data to deliver real-time insights to help improve plant performance and operations.
According to a release, the Futtsu APM installation marks the launch of a digital transformation of the utility’s existing fleet of thermal power plants to increase their long-term reliability, flexibility and to help reduce life cycle costs for Tepco FP. [SGIP and Industrial Internet Consortium partner on IoT]
Tepco FP and GE are pursuing the digital APM software solution at Tepco’s 1,520MWFuttsu site to improve the operator’s equipment condition monitoring and diagnostics capabilities to increase plant reliability and also to use big data and analytics to promote Tepco FP’s business and operational optimization.
Says Steve Bolze, president and CEO of GE Power, “The Futtsu station installation is our first advanced digital power plant project in Japan and demonstrates the numerous operational benefits that utilities can achieve by investing in the industry’s latest software solutions.”
Futtsu Power Station, Tepco’s third largest natural gas-fueled power plant and one of Japan’s most efficient power stations, is located in Chiba prefecture, 30km east of Tokyo. GE is scheduled to begin installing the APM solution at the station in 2017.
Image credit: www.techwalls.com