asset management

Power company leaders face mounting challenges in asset management—keeping aging equipment reliable, integrating diverse assets from renewables to baseload units, and meeting strict reliability standards

Smart energy company GridBeyond has announced the launch of ViewPoint Lens, an innovative new feature within its flagship platform Point. Designed to offer users deeper visibility and control, ViewPoint Lens provides customers with data on each of their assets on how they perform during demand response events, and the revenues they generate from program participation.

The power industry supply chain is facing unprecedented strain as utilities race to upgrade aging infrastructure against a backdrop of lengthening lead times and increasing project complexity. As one Midwestern utility executive recently noted, “Transformers that once arrived in three months now take up to two years to source,” highlighting a crisis that extends far […]

Nearly every utility in the world has embarked on their own journey of digital transformation, using data to help make processes faster and more efficient. Traditionally, utility data has been collected in silos to support individual functions, and utilities have been hard at work to break down these silos so data can be shared among […]

As power plants confront aging infrastructure, surging demand, and the sweeping changes of rapid electrification, operations and maintenance (O&M) are being redefined to tackle unprecedented challenges and

As the power sector grapples with aging infrastructure, stricter sustainability mandates, and the rapid integration of renewables, innovation in operations and maintenance (O&M) has become critical to

Developments in communication technology, including software applications and new control hardware, are providing utilities the ability to monitor assets, analyze alarms, and control their power generation facilities remotely. Companies are using new technology to address power plant operations, support maintenance tasks, and ensure proper compliance reporting and incident response. Remote monitoring was part of POWER’s […]

Companies offering the ability to collect data for use by electric utilities are finding their services in demand as the power generation sector embraces digitization. It’s an industry that promotes innovation, as utilities need to track the real-time performance of thermal and renewable energy generation assets, and gain more insight about how their equipment is […]

In the ever-evolving landscape of workplace safety and compliance, effective asset management has emerged as a powerful ally for managers and operators. This strategic approach not only ensures adherence to health and safety regulations but also fosters streamlined operations and cost savings. In a world where doing more with fewer resources is becoming the norm, […]

Nondestructive testing (NDT) blends quality assurance and materials science. It is used to inspect and evaluate materials, components, and assemblies without destroying their serviceability. In the power

Advanced analytics solutions empower utilities to predict asset failures before they happen so they can progress from reactive to proactive maintenance. As the digital transformation of the power industry

Operational innovation—creating new ways of performing core business functions like grid asset management—can provide reliable, relatively low-cost transformation for electric utilities. One area for

Moving from reactive to predictive maintenance requires the right tools for use by subject matter experts. As the power industry continues to advance from preventative to predictive maintenance, one thing is

How do utility asset managers deal with risks and failures of assets in the long-term? How much should they be budgeting for maintenance, asset renewal, and investments? The answers are not always obvious for asset managers that are faced with increasingly severe weather and the need for strengthened electrical grids. Another layer of unpredictability is […]

ISSAQUAH, Wash., Dec. 7, 2020 /PRNewswire/ — NAES Corporation (“NAES”) announced that it acquired Bay4 Energy Services, LLC (“Bay4”), a leading independent renewable energy service provider, effective 12/02/20. “We are excited that Bay4 will be joining the NAES family, bringing with it more than 30 years of asset performance and portfolio management experience,” said Norm Escover, […]

Power plant operators are turning to predictive maintenance applications to monitor equipment and collect performance data. Asset management systems, using artificial intelligence and other methods, are part

E.ON to Provide Asset Management and Balance of Plant Management at the Amazon Wind Farm in Texas AUSTIN, Texas, Oct. 13, 2016 /PRNewswire/ — Lincoln Clean Energy (LCE) has selected E.ON Energy Services to provide asset management and balance of plant services for its Amazon Wind Farm Texas near Snyder, TX. The 253 megawatt facility […]

Asset data is crucial in the power generation industry. Without it, utilities are forced to speculate about how long their assets will last, when they will need repair, and which strategies will maximize plant efficiency. With it, plant owners have the tools to drive down operational and maintenance costs while ensuring highly reliable power delivery. […]