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Predictive Asset Analytics at Power Utilities

Source: Schneider Electric Software

Predictive Asset Analytics at Power Utilities

With pressure from new regulations and consumers, operating with the highest levels of efficiency, reliability and safety is a top priority for utilities. With the demand for electricity slowing, capital expenditures rising and competition from new market entrants, the utility industry is in the midst of a major financial restructuring. The growth of distributed generation and diversification of power sources bring operational system challenges, including loading issues, less switching flexibility and the potential for reverse power flow, among others. In addition, an aging infrastructure and workforce is also driving the need for asset renewal prioritization and knowledge capture.