General Electric and energy company Exelon have signed an agreement for the enterprise-wide use of GE's software across Exelon assets.
Under the agreement, Exelon will deploy GE’s full suite of Predix software applications across its entire generation fleet, which delivers 32,700 MW of nuclear, wind, solar, hydroelectric and natural gas power in order to “to increase performance and reliability” GE said, explaining that “the digital technology is being used to improve power plant reliability and performance.”
Specifically, GE will provide Exelon with its Predix platform, and Digital Power Plant and Digital Wind Farm solution suites, including Asset Performance Management (APM), Operations Optimization (OO), Business Optimization (BO), Cybersecurity and Advanced Controls/Edge Computing solutions.
The software agreement is part of Exelon’s broader strategy to partner with technology companies, top universities, national labs, government agencies and venture capitalists to unleash new technologies that have the potential to transform the industry and provide greater benefits to consumers, GE said.
“This agreement allows for enhanced collaboration between GE and Exelon to develop solutions to complex industry challenges and accelerate the adoption of new, digital technologies across our industry” commented Chris Crane, president and CEO of Exelon.
Both companies also announced a collaboration to co-develop, test and build next-generation software as a service (SaaS) applications built on the Predix platform for future market opportunities.
This collaboration with Exelon “signals GE’s continued commitment to deliver innovative Internet of Things (IoT) solutions in every part of the electricity value network” GE said.
“Building on the success of several pilots conducted across Exelon’s fleet last year, Predix is leveraging the power of cloud-computing and data analytics to allow for increased visibility across Exelon’s entire generation fleet” said Steve Bolze, CEO, GE Power.
“Creating a single view of operational data across its entire fleet has the potential to drive substantial improvements in reliability, efficiency and profitability,” added Ganesh Bell, chief digital officer, GE Power.
Exelon Corporation is a Fortune 100 energy company with the largest number of utility customers in the U.S. It operates in 48 US States, supplying gas and electricity to some 10 million customers.