The New York State Power Authority (NYPA) signed an agreement with GE Power to deploy its asset performance management (APM) solution, which runs on its Predix operating system for the Industrial Internet. [Utility substations: asset management in a world of cyber threats]
The APM solution 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.
Under the agreement, NYPA and GE will focus efforts on improving system-wide performance and operating costs of the Authority’s hydroelectric and gas-fired electricity generation capability.
According to a release, the APM software leverages data analytics to monitor power generation and transmission equipment health in order to predict potential failures and thereby reduce unplanned downtime, lower maintenance costs and lower operational risks.
NYPA builds towards a clean energy future
The collaboration between NYPA and GE will also serve to speed up the NYPA’s 5-Year Strategic Vision plan by improving the efficiency, reliability and cost-effectiveness of facilities across the entire organisation.
Furthermore, the partnership supports New York State’s Reforming the Energy Vision, or REV, to build a cleaner, more resilient and affordable energy system. [IoT is key to effective asset management – survey]
Gil C. Quiniones, president and chief executive officer at NYPA, said: This is a transformative moment in the 85-year history for NYPA and its customers as we reach the next milestone in our digital journey.
“This digital solutions platform supports our primary mission to provide customers with low-cost, clean, reliable power with the industry-leading energy infrastructure and services they value.”
Ganesh Bell, chief digital officer, GE Power, added: “The digital transformation of electric power has the potential to create more than a trillion dollars of economic and societal value in the next decade. NYPA is truly a pioneer, moving first to unleash the value that comes from connecting, monitoring, analysing and ultimately optimizing the performance of its entire electricity value network.”
Image credit: www.ge.com