GE Introduces New Analytics to Advance Electric Grid Operations
Predictive analytics utilize data to combat complex pressures on the power industry
San Ramon, California, June 11, 2019 – GE (NYSE: GE) today announced the availability of three new grid analytics that combine domain expertise with artificial intelligence (AI) and machine learning (ML) to tackle pressing challenges in electric grid operations. The analytics use data from across transmission and distribution networks to help achieve goals for operational efficiency. The portfolio includes:
- Storm Readiness utilizes high-resolution weather forecasts, outage history, crew response and geographic information system (GIS) data to accurately forecast storm impact and prepare response crews and equipment ahead of impending weather. GE’s Storm Readiness analytic helps reduce outage restoration time, predict future outages, reduce operational spend and improve crew safety.
- Network Connectivity corrects and maintains network data integrity. Data errors, which often arise due to manual input of information at the customer or equipment level, can hinder emergency and outage response and lead to poor customer experience. GE’s Network Connectivity algorithms use GIS and other operational system data to detect, recommend and correct pervasive errors. Armed with better data, utilities can more efficiently dispatch crews, reduce outage restoration time and avoid incorrect outage notifications to customers.
- Effective Inertia gives enhanced visibility into transmission system operations. The operation of transmission networks is continuing to grow in complexity, in large part due to the influx of renewable generation. This has led to a massive displacement of “system inertia,” or the resiliency of power generation, given spikes in customer demand or reduced supply, due to unforeseen decreases in wind or sunlight. Ineffective management of a transmission system could result in blackouts and major financial and reputational penalties. GE’s Effective Inertia analytic uses ML to facilitate the measurement and forecasting of system inertia and enable a more stable grid.
Steven Martin, acting CEO for GE Digital and chief digital officer for GE Power said, “The energy industry today is leveraging a small fraction of their operational data. Our grid analytics enable utilities to use more of that data and orchestrate their networks and the workers who operate them in ways previously unimagined – not only for current processes, but also for future unforeseen scenarios.”
Brian Hurst, VP and chief analytics officer for Exelon Utilities, an early adopter of GE’s new grid analytics added, “When it comes to storm restoration, it will enable the utilities to become more surgical in prepositioning crews in advance of weather events – saving time, money, improving customer satisfaction and enhancing safety for employees. We are just beginning to scratch the surface on the value of analytics, and when we look at Distributed Energy Resources and the Internet of Things, it becomes increasingly important for the future.”
The new grid analytics are connected via GE’s common Digital Energy data fabric. Unifying data on a secure, scalable and user-friendly platform drives efficiencies, allowing data stored in one location to be utilized by many solutions across the energy value chain, from generation to consumption. Users can in turn realize a network-effect of value, where improvements from one application amplify the benefits of another.
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GE (NYSE:GE) drives the world forward by tackling its biggest challenges: Energy, health, transportation—the essentials of modern life. By combining world-class engineering with software and analytics, GE helps the world work more efficiently, reliably, and safely. For more than 125 years, GE has invented the future of industry, and today it leads new paradigms in additive manufacturing, materials science, and data analytics. GE people are global, diverse and dedicated, operating with the highest integrity and passion to fulfill GE’s mission and deliver for our customers. www.ge.com
About GE Power
GE Power is a world energy leader providing equipment, solutions and services across the energy value chain from generation to consumption. Operating in more than 180 countries, our technology produces a third of the world’s electricity, equips 90 percent of power transmission utilities worldwide, and our software manages more than forty percent of the world’s energy. Through relentless innovation and continuous partnership with our customers, we are developing the energy technologies of the future and improving the power networks we depend on today. For more information please visit www.ge.com/power, and follow GE Power on Twitter and on LinkedIn.
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