New York Power Authority (NYPA) and GE Partner to Create the World’s First Digital Utility
SAN FRANCISCO–(BUSINESS WIRE)–At the Minds + Machines Industrial Internet conference GE (NYSE: 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 intends to work with GE to explore the digitalization of 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’s goal is to use digital solutions to optimize its entire electricity value network, from generation to consumption, for reliability, affordability, and the lowest possible 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, “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.”
“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. “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.”
The agreement between NYPA and GE builds on a 2016 commitment by NYPA 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.
This new agreement proposes that GE’s application development platform Predix* will become NYPA’s Industrial IoT platform of choice. It also intends for NYPA’s expanded use of software from GE to further enhance the efficiency and reliability of NYPA fossil and hydroelectric-fueled power generation assets. NYPA also intends to deploy Predix-based software to enable it to build a dashboard of the operating health of all its power plants and transmission assets at its Smart Operations Center (iSOC) in White Plains, N.Y.
