WHITE PLAINS, N.Y.--(BUSINESS WIRE)--mPrest, a leading-edge provider of mission-critical monitoring, control and analytics software for utilities, and the New York Power Authority (NYPA), New York state’s largest public power organization, announced today the decision to deploy operationally a groundbreaking predictive health analytics application which enhances operational reliability and cost-effectiveness of NYPA's critical assets network.
mPrest’s Asset Health Management application was developed in collaboration with NYPA and is already deployed and monitors the operational health of NYPA transformers in real time, assisting to improve reliability and maximize efficiencies at NYPA’s Niagara Power Plant, which is one of the largest renewable energy sources in the nation. The NYPA-mPrest partnership reduces costs while ensuring that New York remains at the forefront of technological innovation.
mPrest’s software taps into the power of the Industrial Internet of Things (IIoT) to closely monitor equipment and systems outfitted with online and offline sensors, allowing for real time monitoring and data analysis as well as enhanced control capabilities. At the Niagara Power Plant, mPrest’s software platform analyzes information from sensors on electrical transformers to automatically diagnose their operational health and predict potential malfunctions and failures. These new capabilities enable strategic maintenance of the transformers optimizing their efficiency, avoiding outages, reducing operational costs and supporting reliable power supplies for New Yorkers.
“Our partnership with the talented, forward thinking electricity engineers and experts at the New York Power Authority has resulted in the development and deployment of a first-of-its-kind, comprehensive monitoring and control system,” said Natan Barak, founder and President of mPrest. “In a record amount of time, we, together with NYPA, determined what was needed, and created an unprecedented, effective solution that will reduce operational risks, deter unplanned down time, and prevent expensive maintenance costs. I believe that this technology achievement will lead to broader partnership between Israel and New York State.”
“Our transformer system is a critical piece of our statewide power infrastructure, raising the voltage or 'electrical pressure' of power so that it can be transmitted long distance over the state's grid,” said Gil C. Quiniones, NYPA president and CEO. “Through our collaboration with mPrest, we can now accurately predict potential failures through better diagnostics and prognosis. As we actively pursue becoming the ‘first completely digital utility in the country,’ it is through cutting-edge technological innovation like this one, made possible with the intelligence, dedication and cooperation of our partners, that we have developed a unique, effective way of monitoring our transformers.”
Following testing using historical performance data by the Electric Power Research Institute (EPRI) that proved the mPrest platform effective, NYPA is looking at additional applications for this technology. EPRI conducts research and development relating to the generation, delivery, and use of electricity for the benefit of the public. The mPrest product-based platform combines offline dissolved gas analysis (DGA) with online DGA to provide precise guidance for when to undertake transformer maintenance for optimal performance.
The deployment of the mPrest product-based platform at NYPA contributes to Governor Cuomo’s Reforming the Energy Vision (REV) strategy, which is designed to foster the development a cleaner, more resilient and affordable energy system for all New Yorkers and reduce greenhouse gas emissions 40 percent by 2030.
mPrest is a global provider of mission-critical monitoring, control and analytics software. Leveraging vast field-proven Industrial IoT experience, mPrest's integrative system of systems is deployed in diverse sectors including utilities, critical infrastructure protection and defense. mPrest excels at connecting the dots across multiple disciplines and departments – delivering unified situational awareness, sophisticated analytics, and end to end IT/OT integration and process management.
Through unprecedented interoperability and real-time data optimization, organizations can substantially increase asset performance while reducing operational costs. In addition, mPrest applications help organizations worldwide to better manage their security, asset health, mobile assets, distributed energy resources, smart cities and more. For more information on mPrest, visit www.mprest.com.
NYPA is the nation's largest state public power organization, through the operation of its 16 generating facilities and more than 1,400 circuit‐miles of transmission lines. NYPA uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. More than 70 percent of the electricity NYPA produces is clean renewable hydropower.