GE Partners with New York Power Authority (NYPA) to Create Digital Utility

02:36 10/25/2017

At the Minds + Machines Industrial Internet conference GE GE  today announced a wide-ranging software and professional services agreement with the New York State Power Authority (NYPA) to advance NYPA’s goal to be the world’s first fully digital utility.

NYPA will work with GE  to digitalize every aspect of its operations, from its 16 generating facilities and 1,400 miles of electricity transmission network, to the more than 1,000 public buildings it monitors throughout the state.

NYPA wants to digitalize its entire network because digitalization can help NYPA optimize generation and consumption to produce a more reliable and affordable network. In addition, digitalization would help lower NYPA’s carbon footprint.

“NYPA is committed to the further build-out of our vision to become the first digital utility, creating a real-time digital replica of our assets and automating many back-office processes,” said, Gil C. Quiniones, president and chief executive officer of the New York Power Authority.”

Quiniones added, “as we move forward in this journey and embrace best practices, we will look to become the first digital utility, end-to-end, which will better enable us to achieve Gov. Andrew M. Cuomo’s goal of New York generating 50 percent of its electricity from renewable resources by 2030.”

This new partnership also builds on a previous agreement between NYPA and GE  to use GE’s Asset Performance Management software to help makes its power generation and transmission assets smarter, more resilient, and more able to detect potential future outages.

“We share NYPA’s excitement about what can be accomplished when you connect every aspect of every part of the system of electricity production, distribution, and consumption,” said Ganesh Bell, vice president, GE Digital.

Bell continued, “every industry is being reimagined with software, and nowhere is that digital transformation more important than in the delivery of clean, reliable, affordable electricity. NYPA is leading the way for the global power and utility industry.”

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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