This weblog sequence discusses the advanced duties power utility corporations face as they shift to holistic grid asset administration to handle by the energy transition. Earlier posts on this sequence addressed the challenges of the power transition with holistic grid asset administration, the built-in asset administration platform and information change, and merging conventional top-down and bottom-up planning processes.
Asset administration and technological innovation
Developments in know-how underpin the necessity for holistic grid asset administration, making the property within the grid smarter and equipping the workforce with good instruments.
Robots and drones carry out inspections by utilizing AI-based visible recognition methods. Asset efficiency administration (APM) processes, akin to risk-based and predictive upkeep and asset funding planning (AIP), allow well being monitoring applied sciences.
Technicians connect with the web by wearable units akin to tablets, watches or VR glasses, offering prospects with quick entry to related data or professional help from anyplace on this planet. Technicians can resolve technical points sooner, enhancing asset utilization and lowering asset downtime.
Cell-connected technicians expertise improved security by measures akin to entry management, fuel detection, warning messages or fall recognition, which reduces threat publicity and enhances operational threat administration (ORM) throughout work execution. Cybersecurity reduces threat publicity for cyberattacks on digitally related property.
Sensoring and monitoring additionally contribute to the direct measurement of sustainability environmental, social and governance (ESG) metrics akin to power effectivity and greenhouse fuel emission or wastewater flows. This strategy gives precise actual information factors for ESG reporting as a substitute of model-based assumptions, which helps scale back carbon footprint and obtain sustainability targets.
The asset administration maturity journey
Utility corporations can view the evolution of asset administration as a journey to a degree of asset administration excellence. The next determine exhibits the levels from a reactive to a proactive asset administration tradition, together with the varied strategies and approaches that corporations would possibly apply:
Within the holistic asset administration view, a scalable platform affords functionalities to construct capabilities alongside the way in which. Every step within the journey calls for adopting new processes and methods of working, which devoted finest apply instruments and optimization fashions help.
The enterprise asset administration (EAM) system essentially turns into a preventive upkeep program within the early levels of the maturity journey, from “Innocence” by to “Understanding”. This transition drives down the price of unplanned repairs.
To proceed to the following degree of “Competence”, APM capabilities take the lead. The main target of the asset administration group shifts towards uptime and enterprise worth by stopping failures. This additionally prevents costly machine downtime, manufacturing deferment and potential security or environmental dangers. Machine connectivity by Web of Issues (IoT) information change permits condition-based upkeep and well being monitoring. Danger-based asset methods align upkeep efforts to stability prices and dangers.
Predictive upkeep applies machine studying fashions to foretell imminent failures early within the potential failure curve, with ample warning time to permit for deliberate intervention. The ultimate step at this stage is the optimization of the upkeep and alternative program based mostly on asset criticality and out there assets.
APM and AIP mix within the “Excellence” stage, and predictive generative AI creates clever processes. At this stage, the asset administration course of turns into self-learning and prescriptive in making one of the best resolution for total enterprise worth.
New know-how catalyzes the asset maturity journey, digital options join the asset administration methods, and good related instruments enhance high quality of labor and productiveness. The introduction of (generative) AI fashions within the asset administration area has introduced a full toolbox of recent optimization instruments. Gen AI use circumstances have been developed in every step of the journey, to help corporations develop extra capabilities to develop into extra environment friendly, secure, dependable and sustainable. Because the maturity of the property and asset managers grows, present and future grid property generate extra worth.
Holistic asset administration aligns with enterprise targets, integrates operational domains of beforehand siloed disciplines, deploys digital modern know-how and permits excellence in asset administration maturity. This strategy permits utility corporations to maximise their worth and thrive as they handle by the power transition.
Read more about the business value of APM
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