General Electric is to collaborate with software company Power Costs to connect plant assets and operational generation data from GE's Digital Power Plant solutions with PCI's energy planning and trading tools.
This will provide a “more accurate and profitable energy trading and scheduling” GE said, adding it will offer PCI’s suite of solutions, used in more than half of energy trading transactions in North America, on the Predix operating system for the Industrial Internet.
“The collaboration signals GE Power’s continued commitment to deliver digital energy solutions to every part of the electricity value network, from machines to the market” GE said.
“Energy applications that address everything from machine reliability and uptime to fleet-wide operations are sold and delivered on GE’s Predix platform, a cloud-based platform purpose-built for developing, deploying, operating and monetizing Industrial Internet applications” it stressed, adding that “collaborating with PCI to better integrate asset performance as well as commercial and operations-level data offers a more comprehensive view of important data to energy producers and an end-to-end set of Predix-enabled software solutions for power, from operations to bidding to billing.”
PCI’s solutions are used by generating companies, utilities and independent power producers to simplify and automate the energy trading processes, including asset valuation and bid formation.
“Offering PCI’s solution as an additional business optimization application on Predix removes the barriers between the machine, operations and commercial sides of energy businesses, giving a comprehensive view of how much energy can be generated and at what cost” as “the integrated business, operations and asset-level software applications will allow for better planning, trading, and day-ahead and real-time bidding in the energy and ancillary services market” GE said.
