General Electric has announced an enhancement of its Predix digital power plant software, improving its possibility for existing technologies while extending its offering to facilitate hydropower and the electricity grid.
GE’s latest release of Digital Power Plant software for gas, steam and nuclear power plants features new tools to help customers reduce unplanned downtime by up to 5 per cent, reduce false positive alerts by up to 75 per cent and reduce operations and maintenance costs by up to 25 per cent.
It also includes software that provides power producers with accurate and timely plant operating capacity information which energy traders can use to generate incremental revenues.
The US multinational also unveiled similar vein technology for the hydroelectric power market.
The Digital Hydro Plant is GE’s fourth major Predix-based Digital Power Plant solution. Possible benefits for hydropower producers include up to 10 per cent reduced maintenance costs, 1 per cent increase in plant availability and up to 3 per cent increased revenue.
In addition, GE has introduced a new set of Intelligent Digital Substation solutions for the electrical grid. These solutions include GE’s asset monitoring & diagnostics and automation applications, based on its DS Agile Digital Control System. GE’s Intelligent Digital Substations improve maintenance scheduling, optimize asset utilization, prevent failures and increase reliability of electrical grids by reducing power outage probability and duration.
Finally, a new intelligent energy management tool from Current will help managers of commercial and industrial facilities use energy more efficiently.
Ganesh Bell, chief digital officer, GE Power said, “Today’s announcements represent another major step forward in the digitalization of the industry. I believe we will look back on 2016 as a tipping point when digital transformation went mainstream.”
RELATED NEWS: GE celebrates first anniversary of Alstom acqusition
[bc_video account_id=”1214147015″ player_id=”4855923358001″ video_id=”5211406384001″ min_width=”320px”]