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WHITEPAPER
Authored by:
-
Douglas Nunez
Power Industry Global Marketing Manager,AVEVA
Executive summary:
Power companies face numerous market and plant-level challenges. Overcoming these
challenges requires plant personnel to optimize processes and assets, maximize production,
and reduce unplanned downtime. These companies are looking for new ways to predict
outcomes, increase safety, and perform maintenance at exactly the right time.
When deployed in tandem, the AVEVA™ PI System™ and AVEVA Predictive Analytics create
a powerful combination. Forward-looking power producers are increasingly adopting both
solutions at once, and companies with existing PI Systems are adding AVEVA Predictive
Analytics to gain faster, better, and deeper insights into assets in processes. Not only can
AVEVA Predictive Analytics detect performance anomalies and predict asset failure, its
insights and prescriptive recommendations enable operations teams to analyze cost versus
risk and devise plans that maximize efficiency and profitability.
Introduction
Amid renewed calls for sustainability, governments Given increasingly volatile energy markets, power
have recently enacted more stringent legislation producers have added more advanced tools, powered
limiting greenhouse gases (GHGs) emissions. This by artificial intelligence and machine learning. To
evolving legislation gives power producers ever-stricter improve their operations and gain a competitive edge in
mandates when it comes to curbing carbon output. the quickly evolving energy marketplace, then, forward-
The widespread adoption of renewable generation looking companies have added predictive maintenance
like solar, wind, and other distributed energy resources capabilities to their operational data platforms, like
(DERs) has decentralized the grid and made it that AVEVA Predictive Analytics, which complements the
much more difficult for power companies to balance PI System.
generation and demand.
In the journey toward more efficient operations,
By 2023, power generation companies will spend an predictive analytics are essential to any agile business
estimated $50 billion on asset management and grid strategy. With integrated predictive analytics
monitoring technologies. To respond to these evolving capabilities, critical assets do not experience extended
fluctuations and challenges in the energy marketplace, periods of downtime resulting from condition-
power producers must find new ways to increase or calendar-based maintenance or, worse yet,
efficiency and optimize their operations. unexpected failures. Because companies perform
asset maintenance only when it’s absolutely essential,
For years, power companies have relied on operational operational efficiency can improve drastically;
data management platforms like the PI System machines are operational longer and engineers only
to ensure efficiency and agility. The onset of new service them when absolutely necessary, thereby
challenges, however, has created the need for new saving valuable time and hours-worked, which
digital solutions. More than ever before, operational translate to saving unnecessary costs – a digital
efficiency has become paramount. solution that quickly pays for itself.
Advanced analytics
Streaming
calculations,
event detection,
Contextual and “rich data”
awareness AI and ML Platforms
Data awareness
Reactive
Preventive
Condition
Prescriptive
Continuos
improvement
cycle
Decisive Modelling
action and planning
Real-time data and the PI System facilitate the transition Once power companies have enabled these capabilities
from reactive modes to preventative and condition- in the PI System, the foundation is there to deploy AVEVA
based maintenance (CBM). Contextualization ultimately Predictive Analytics. Real-time data and event frames
supports CBM, enabling visualization, event detection from the PI System can be integrated into advanced
and notifications, and streaming analytics to trigger tools and results from predictive models can often be
events and measure performance. For example, the PI returned to the PI System for use and visualization. From
System can send run-time information to a computerized there, power companies can embark on a continuous
maintenance management system (CMMS) for its improvement cycle of using predictive analytics in
preventive maintenance (PM) module to consume. conjunction with PI System capabilities to predict
maintenance and optimize their processes.
It’s a journey
Strategic,
proactive,
optimized Risk-based Connects the asset strategy
maintenance to the corporate strategy
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