Exelon and GE Partner to Strengthen System Performance and Reliability
October 25 2017 - 2:30PM
Business Wire
Exelon’s six utilities will leverage GE’s Predix software to
help predict and manage outages and further strengthen the overall
performance of electric transmission and delivery system
GE (NYSE:GE) and Exelon (NYSE:EXC) today announced a multi-year
agreement to deploy GE’s portfolio of Predix software solutions
across the energy company’s six electric utilities to further
enhance reliability and efficient service to their more than 10
million customers. Exelon’s six utilities will use these advanced
analytics to further strengthen transmission and delivery
systems.
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Exelon's six utilities will leverage GE's
Predix software to help predict and manage outages and further
strengthen the overall performance of electric transmission and
delivery system.
"Every day, we are working to create a smarter electric grid
that provides superior service and resiliency for the communities
we serve, and working with GE’s digital solutions helps us drive
efficiency for our customers while delivering affordable power,”
said Carim Khouzami, chief financial officer of Exelon Utilities.
Khouzami is the lead sponsor of a multi-year company initiative to
transform the way Exelon uses data to improve operational and
customer capabilities.
The new digital analytics applications will use information such
as historical data and weather, asset and area conditions to help
predict when and where an outage might occur. The technology will
also produce real-time reports on equipment, integrating data from
intelligent assets Exelon has deployed on its grid to provide
greater precision in determining when maintenance is required. The
utilities can then implement preventative solutions and also
recover faster from storms and other incidents affecting the grid,
improving overall customer reliability.
“Our partnership with Exelon is a perfect example of how GE’s
digital solutions are built to simplify the complexity of
industrial operations,” said Steven Martin, Chief Digital Officer
of GE Power’s Energy Connections Business. “From energy generation
to the point of consumption, GE is uniquely positioned to provide
customers with a fully integrated approach to big data by turning
insights into action throughout the Electricity Value Network. In
working with Exelon, we have refined and created new applications
that help drive efficiency, reliability and profitability that can
be scaled to solve industry-wide challenges around the world.”
The grid analytics agreement was reached following an extensive
competitive process. It is the second agreement between GE and
Exelon. In November 2016, Predix-based software applications were
selected to help improve the efficiency of Exelon’s power
generation fleet.
About GE Power:
GE Power is a world energy leader that provides technology,
solutions and services across the entire energy value chain from
the point of generation to consumption. We are transforming the
electricity industry by uniting all the resources and scale of the
world’s first Digital Industrial company. Our customers operate in
more than 150 countries, and together we power more than a third of
the world to illuminate cities, build economies and connect the
world. For more information, visit the company's website
at www.gepower.com. Follow GE Power on
Twitter @GE_Power and on LinkedIn at GE
Power.
About Exelon
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company
with the largest number of utility customers in the U.S. Exelon
does business in 48 states, the District of Columbia and Canada and
had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver
electricity and natural gas to approximately 10 million customers
in Delaware, the District of Columbia, Illinois, Maryland, New
Jersey and Pennsylvania through its Atlantic City Electric, BGE,
ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one
of the largest competitive U.S. power generators, with more than
35,500 megawatts of nuclear, gas, wind, solar and hydroelectric
generating capacity comprising one of the nation’s cleanest and
lowest-cost power generation fleets. The company’s Constellation
business unit provides energy products and services to
approximately 2.2 million residential, public sector and business
customers, including more than two-thirds of the Fortune 100.
Follow Exelon on Twitter @Exelon.
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version on businesswire.com: http://www.businesswire.com/news/home/20171025006082/en/
Exelon:Robin Gray,
202-637-0317Exelon Corporate
Communicationsrobin.levy@exeloncorp.comorGE:Deb McManus, 510-856-8867GE Power
CommunicationsDeborah.mcmanus@ge.com
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