GE and Exelon announced a multi-year agreement
OREANDA-NEWS. October 26, 2017. GE and Exelon 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.
"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 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.