IIOT Power
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Technology
AVEVA Introduces a Smart App Embedded with Artificial Intelligence to Improve Manufacturing and Industrial Operations in Real-time
Artificial Intelligence is Integrated into AVEVA System Platform for Unsupervised Detection of Operational Anomalies LONDON, UK, 6th July 2020 AVEVA, a global leader in engineering and industrial software, has today announced the launch of the AVEVA™ Insight OMI app, a first in the industry to infuse real-time artificial intelligence into an operator’s decision-making as well as improve overall operational agility. The smart […]
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IIOT Power
How Digital Disruption Will Reshape the Maintenance Management Sector
The imperatives of maintenance management have always been maximizing the availability, quality, and effectiveness of the equipment. And all of these must be achieved at the lowest possible cost in terms of machine and material. According to a report, the maintenance of manufactured products costs more than 30% of the operating costs. Over the past […]
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Business
Hitachi Absorbs ABB Power Grids in New $10B Joint Venture
Hitachi on July 1 commandeered a majority share of ABB’s lucrative Power Grids business and officially launched a joint venture company—Hitachi ABB Power Grids. The new company, which already has a volume of about $10 billion, is expected to provide financial muscle to support ambitious projects and new business opportunities as the sector embraces decentralization […]
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Markets
Minutes Matter in the Energy Imbalance Market
An energy imbalance market (EIM) is a voluntary market that provides a sub-hourly economic dispatch of participating resources for balancing supply and demand every five minutes. One such market is the Western
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Connected Plant
Using Data Analytics to Support Asset Management and Optimization
In the competitive power market that exists today, utilities must utilize data to optimize their assets. With proper analysis, individual units, as well as fleets of plants, can balance operating costs
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Business
Customer Demands Drive Change in Business Models
Power customers are demanding personalized energy solutions, forcing the industry to alter business models. The leading providers of the future will be digital, agile, efficient, and highly customer-centric
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Instrumentation & Controls
How to Optimize Your Facility While Using Variable Quality Fuel Gas
The composition and heating values of fuel gas can vary from one moment in time to another. Using a Coriolis flow meter to obtain a mass flow measurement, rather than relying on a standard volume flow
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Connected Plant
The POWER Interview: Optimizing Operations with IoT Technology
Some experts have predicted there will be as many as 50 billion connected devices in service by the end of this year. That number basically includes all of the equipment, sensors, and gadgets around the world that together make up the internet of things (IoT). But how are they all connected, what allows them to […]
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Connected Plant
[VIDEO] POWER Insights: Why Digitalization Has Been a Lifeline for Power During COVID
The COVID-19 pandemic’s impact on the power sector has so far been immense, resulting in supply chain disruptions, labor constraints, construction delays, restrictions on business activities, and, crucially, financial challenges. But according to Dr. Colin Parris, senior vice president and chief technology officer (CTO) at GE Digital, the sector’s response has been adaptive, and digitalization […]
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Gas
GE Integrating AI to Enable Performance-Informed Gas Turbine Inverse Design
GE researchers developing an artificial intelligence (AI) and machine learning (ML)- enabled inverse design framework that allows performance metrics to create more optimized designs for industrial gas turbine (IGT) aerodynamic components Project aims to achieve a 30-50% reduction in design cycle times, or from 1 year to a few months Partnered with University of […]
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