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| [January 29, 2013] |
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GE Launches Industrial Internet Solution to Help Utilities Predict and Prevent Electrical Grid Outages
SAN DIEGO --(Business Wire)--
Grid IQTM Insight, a new power management system from GE
Digital Energy's (NYSE: GE) Industrial Internet portfolio, is a platform
that consolidates data from a broad mix of sources including existing
grid management systems, smart meters and other intelligent grid power
equipment, sensors, weather monitoring and even unstructured social
media content from sources like Facebook or Twitter (News - Alert). Grid
IQ Insight takes the terabytes of data and using advanced analytics
technologies, generates actionable information to predict and resolve
failures and other issues that impact the performance of today's power
grids.
The Electric Power Research Institute estimates that power outages and
power quality disturbances cost utilities and consumers more than $150
billion annually and greatly affect the U.S. economy. But what if you
could use the power of social media, combine it with transmission data
and fix problems much faster after they happen
By consolidating and analyzing real-time data from once disconnected
sources, Grid IQ Insight helps predict and prevent potential problems to
the grid by getting the right information to the right people at the
right time. For example, by using social media updates or smart meter
data, Grid IQ Insight can triangulate the source of the outage and show
a utility where to send their crews faster than traditional systems. It
also can help a utility understand where a potential equipment failure
exists allowing it to proactively address the problem as part of its
regular maintenance program rather than incurring additional costs
related to unplanned, emergency repairs. After Grid IQ Insight gathers
input from social media, intelligent devices and renewable energy
sources, it applies analytical intelligence to model the data and
visualize it in brand new ways.
"Our Grid IQ Insight enables utilities to identify system outages
quickly via improved visualization and analysis of their systems,
minimizing outage times and greatly reducing costs associated with
extended system outages," said Michael Carlson, general manager-software
solutions for GE's Digital Energy business. "This is a powerful tool
that will help utilities predict and prevent power outages and improve
customer satisfaction."
GE's Grid IQ Insight, developed as a result of working directly with the
world's largest utility companies, is able to provide utilities
with crucial outage prevention and restoration information by monitoring
factors such as social media outlets and weather pattens. It is able to
scan mass amounts of text and images posted to social media websites,
such as Facebook (News - Alert) and Twitter, identifying and relaying outage related
material to utilities quickly to minimize service disruptions for
consumers. Grid IQ Insight also can analyze current and historical
weather patterns. Using this information, the system can help utilities
anticipate and prepare for severe weather-related service interruptions.
In addition to its Grid IQ Insight analytical software, GE offers
utilities an advanced grid management system, its Grid
IQ "Solutions as a Service" (SaaS), to help modernize electrical
grid systems and meet expanding capacity, environmental and security
needs. This cloud-based package of testing and consultation services
allows appliances, smart meters and utilities to talk to each other,
enabling utilities to efficiently manage the supply of power when and
where it is needed. SaaS (News - Alert) also allows for the re-routing of electricity
during an outage, making the grid "self-healing".
Modernizing the electrical grid is a necessity for utilities to meet
consumers' ever-increasing demands for efficient, uninterrupted power.
According to a 2011
survey by the U.S. Energy Information Administration, there are more
than 37 million smart meters installed and operating across the country.
GE's Grid IQ Insight is able to monitor and analyze usage data from
these meters to help utilities understand and visualize electrical
consumption patterns. It also can identify electrical theft occurring in
the network. All of this information leads to improved servicing of
transformers, which can prevent repair related outages in the event of a
system failure.
In addition, Grid IQ Insight provides informative data to those using
solar installations. Solar energy installations have increased 116
percent year-to-year. However, many utilities have no way of tracking
the amount of distributed energy generated on a daily basis by these
installations. The Grid IQ solution combines solar interconnection,
weather and meter data to generate an accurate figure of how much energy
has been generated each day. This not only enables utilities to
visualize the effect on network reliability that integrated solar energy
has on the electrical grid, but also provides customers with insight as
to how much money solar power is saving them on a daily basis.
GE's Digital Energy business is a global leader in protection and
control, communications, power sensing and power quality solutions. Its
products and services increase the reliability of electrical power
networks and critical equipment for utility, industrial and large
commercial customers. From protecting and optimizing assets such as
generators, transmission lines and motors, to ensuring secure wireless
data transmission and providing uninterruptible power, GE's Digital
Energy business delivers industry-leading technologies to solve the
unique challenges of each customer. For more information, visit http://www.gedigitalenergy.com.
This announcement was made at the DistribuTECH 2013 trade show, which
runs from January 29-31. For additional information on GE announcements,
please visit the GE
Digital Energy Press Room.
About GE
GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com.
Follow GE Energy Management and its Digital Energy business on Twitter @GE_EnergyMgmt
and @YourSmartGrid.

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