SAN FRANCISCO--(BUSINESS WIRE)--GE (NYSE:GE) and Exelon (NYSE:EXC) today announced a multi-year agreement to deploy GE’s portfolio of Predix software solutions across the energy company’s six electric utilities to further enhance reliability and efficient service to their more than 10 million customers. Exelon’s six utilities will use these advanced analytics to further strengthen transmission and delivery systems.
"Every day, we are working to create a smarter electric grid that provides superior service and resiliency for the communities we serve, and working with GE’s digital solutions helps us drive efficiency for our customers while delivering affordable power,” said Carim Khouzami, chief financial officer of Exelon Utilities. Khouzami is the lead sponsor of a multi-year company initiative to transform the way Exelon uses data to improve operational and customer capabilities.
The new digital analytics applications will use information such as historical data and weather, asset and area conditions to help predict when and where an outage might occur. The technology will also produce real-time reports on equipment, integrating data from intelligent assets Exelon has deployed on its grid to provide greater precision in determining when maintenance is required. The utilities can then implement preventative solutions and also recover faster from storms and other incidents affecting the grid, improving overall customer reliability.
“Our partnership with Exelon is a perfect example of how GE’s digital solutions are built to simplify the complexity of industrial operations,” said Steven Martin, Chief Digital Officer of GE Power’s Energy Connections Business. “From energy generation to the point of consumption, GE is uniquely positioned to provide customers with a fully integrated approach to big data by turning insights into action throughout the Electricity Value Network. In working with Exelon, we have refined and created new applications that help drive efficiency, reliability and profitability that can be scaled to solve industry-wide challenges around the world.”
The grid analytics agreement was reached following an extensive competitive process. It is the second agreement between GE and Exelon. In November 2016, Predix-based software applications were selected to help improve the efficiency of Exelon’s power generation fleet.
About GE Power:
GE Power is a world energy leader that provides technology, solutions and services across the entire energy value chain from the point of generation to consumption. We are transforming the electricity industry by uniting all the resources and scale of the world’s first Digital Industrial company. Our customers operate in more than 150 countries, and together we power more than a third of the world to illuminate cities, build economies and connect the world. For more information, visit the company's website at www.gepower.com. Follow GE Power on Twitter @GE_Power and on LinkedIn at GE Power.
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of utility customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2016 revenue of $31.4 billion. Exelon’s six utilities deliver electricity and natural gas to approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 35,500 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2.2 million residential, public sector and business customers, including more than two-thirds of the Fortune 100. Follow Exelon on Twitter @Exelon.