Since launching the Digital Power Plant in October 2015, GE says 15 customers have signed on, making it one of the fastest growing parts of GE’s digital portfolio.
The Digital Power Plant couples GE’s software and hardware, creating a digital twin of a physical power plant for the purposes of analysis and optimization.
Early adopters of the Industrial Internet solutions include Exelon, RasGas, Bord Gais, Crestwood, PSEG, Sapphire, Engro and Saif.
Among the benefits, GE says the Digital Power Plant can save up to $230 million on a new combined-cycle power plant and up to $50 million in net present value over 10 years for an existing combined-cycle plant.
“Across the utility and power-intensive industrial sectors, our customers are seeking partners and technology solutions to help them deliver better outcomes across the enterprise,” said Ganesh Bell, chief digital officer for GE Power’s Digital Solutions business. “Small changes in fuel, maintenance, uptime, productivity, flexibility, safety and labor effectiveness have incredible impacts on overall profitability and are vital to customers in staying competitive in today’s changing world.”