SCHENECTADY, NY: GE power to provide Asset Performance Management (APM) software to New York State Power Authority (NYPA) to monitor, analyze and enhance the electricity transmission network in the state. The agreement between the two companies focuses on improving the performance, reliability and cost-effectiveness in NYPA.
APM is a cloud based software deployed in industrial companies to increase uptime, decrease costs, and reduces operational risks.
The partnership aims for better productivity by reducing the operating cost and the carbon-emission rate in the hydropower plants. GE’s APM software leverages data analytics to monitor power generation, minimise the unplanned downtime and reduce operational risks.
The digital and physical energy producing machines such as gas and hydro turbines are merged using sensors to the analytic software. The software monitors the power generation process and forecast the upcoming problem before they might occur. It helps NYPA to build a more resilient and affordable energy system across the state.
“This is a transformative moment in the 85-year history for NYPA and its customers as we reach the next milestone in our digital journey,” says Gil C. Quiniones, president and chief executive officer at NYPA. “This digital solutions platform supports our primary mission to provide customers with low-cost, clean, reliable power with the industry-leading energy infrastructure and services they value.”