Last week, GE Power announced it has signed an agreement with the New York State Power Authority (NYPA) to improve the utility’s system-wide performance and operating costs of its hydroelectric and gas-based electricity generation capability.
GE will provide NYPA with Asset Performance Management (APM) software that will monitor, analyze and enhance the performance of NYPA electricity generating assets across its 16 generating facilities and electricity transmission network.
The amount of the agreement was not immediately available.
The software leverages data analytics to monitor power generation and transmission equipment health in order to predict potential failures and thereby reduce unplanned downtime, lower maintenance costs and lower operational risks.
NYPA’s hydropower plants and low-emitting natural gas plants are typically responsible for 15 to 20% of the state’s daily electricity output.
That announcement supports New York State’s Reforming the Energy Vision, or REV, strategy to build a cleaner, more resilient and affordable energy system.