Digital Power Plant Fastest Growing Part of GE's Digital Portfolio

 Digital Power Plant Fastest Growing Part of GE's Digital Portfolio

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.”

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...