GE Renewable Energy, a division of General Electric Company (GE), recently introduced new software applications suite for its Digital Wind Farm ecosystem, at the American Wind Energy Association’s WINDPOWER 2016 summit.
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This new software application is compatible with the company’s latest 2 Megawatt (MW) and 3 MW wind turbines. This new product was developed to boost annual energy production (AEP) and augment wind farm profitability. The application is built on the company’s highly successful Predix software platform. Predix is the company’s much relied upon software platform that acts as the base for all its Industrial Internet applications. In addition, the Predix system provides cyber security protection for General Electric’s operational technology.
The wind energy ecosystem leverages Big Data and analytics and pairs a turbine with digital infrastructure – in turn, enhancing production, reducing costs, and boosting availability and efficiency over the life of the wind farm.
General Electric’s new Energy Forecasting application is developed in cooperation with Exelon Power, a division of Exelon Corporation (EXC), to help improve wind farm profitability. The application uses weather forecasting data to create more precise financial modeling and better foretell the next day’s grid supply and fluctuations in demand.
The Energy Forecasting application was installed at four new wind projects in the U.S. Exelon anticipates a 1-3% increase in revenues per site using this technology.
In addition, General Electric unveiled two new applications that improve the operations of wind farms. The ‘Digital Plan of the Day’ is a scheduling application that improves operations and maintains efficiency for field service teams. The application incorporates a variety of data to help organize and prioritize daily maintenance schedules across all sites.
The company also launched the latest version of its next generation PowerUp application, which is capable of increasing a wind farm’s annual energy production by around 10%. This application can enhance tuning process to help monitor a site’s specific wind environment and lock in the appropriate settings based on the updated information.
The two other applications launched at the summit were the Diagnostics application and the Prognostics application. Both these applications will improve a company’s operational performance by reducing maintenance costs by up to 10%.
The company’s new software applications have already been deployed with pilot customers and will be widely available in the market by the end of 2016.
General Electric carries a Zacks Rank #3(Hold). Other better-ranked stocks in the industry include Honeywell International Inc. (HON) and Koninklijke KPN N.V. (KKPNF). Both Honeywell and Koninklijke carry a Zacks Rank #2(Buy).
GE Renewable Energy, a division of General Electric Company (GE), recently introduced new software applications suite for its Digital Wind Farm ecosystem, at the American Wind Energy Association’s WINDPOWER 2016 summit.
This new software application is compatible with the company’s latest 2 Megawatt (MW) and 3 MW wind turbines. This new product was developed to boost annual energy production (AEP) and augment wind farm profitability. The application is built on the company’s highly successful Predix software platform. Predix is the company’s much relied upon software platform that acts as the base for all its Industrial Internet applications. In addition, the Predix system provides cyber security protection for General Electric’s operational technology.
The wind energy ecosystem leverages Big Data and analytics and pairs a turbine with digital infrastructure – in turn, enhancing production, reducing costs, and boosting availability and efficiency over the life of the wind farm.
General Electric’s new Energy Forecasting application is developed in cooperation with Exelon Power, a division of Exelon Corporation (EXC), to help improve wind farm profitability. The application uses weather forecasting data to create more precise financial modeling and better foretell the next day’s grid supply and fluctuations in demand.
The Energy Forecasting application was installed at four new wind projects in the U.S. Exelon anticipates a 1-3% increase in revenues per site using this technology.
In addition, General Electric unveiled two new applications that improve the operations of wind farms. The ‘Digital Plan of the Day’ is a scheduling application that improves operations and maintains efficiency for field service teams. The application incorporates a variety of data to help organize and prioritize daily maintenance schedules across all sites.
The company also launched the latest version of its next generation PowerUp application, which is capable of increasing a wind farm’s annual energy production by around 10%. This application can enhance tuning process to help monitor a site’s specific wind environment and lock in the appropriate settings based on the updated information.
The two other applications launched at the summit were the Diagnostics application and the Prognostics application. Both these applications will improve a company’s operational performance by reducing maintenance costs by up to 10%.
The company’s new software applications have already been deployed with pilot customers and will be widely available in the market by the end of 2016.
General Electric carries a Zacks Rank #3(Hold). Other better-ranked stocks in the industry include Honeywell International Inc. (HON) and Koninklijke KPN N.V. (KKPNF). Both Honeywell and Koninklijke carry a Zacks Rank #2(Buy).
GE Renewable Energy, a division of General Electric Company (NYSE:GE) , recently introduced new software applications suite for its Digital Wind Farm ecosystem, at the American Wind Energy Association’s WINDPOWER 2016 summit.
This new software application is compatible with the company’s latest 2 Megawatt (MW) and 3 MW wind turbines. This new product was developed to boost annual energy production (AEP) and augment wind farm profitability. The application is built on the company’s highly successful Predix software platform. Predix is the company’s much relied upon software platform that acts as the base for all its Industrial Internet applications. In addition, the Predix system provides cyber security protection for General Electric’s operational technology.
The wind energy ecosystem leverages Big Data and analytics and pairs a turbine with digital infrastructure – in turn, enhancing production, reducing costs, and boosting availability and efficiency over the life of the wind farm.
General Electric’s new Energy Forecasting application is developed in cooperation with Exelon Power, a division of Exelon Corporation (NYSE:EXC) , to help improve wind farm profitability. The application uses weather forecasting data to create more precise financial modeling and better foretell the next day’s grid supply and fluctuations in demand.
The Energy Forecasting application was installed at four new wind projects in the U.S. Exelon anticipates a 1-3% increase in revenues per site using this technology.
In addition, General Electric unveiled two new applications that improve the operations of wind farms. The ‘Digital Plan of the Day’ is a scheduling application that improves operations and maintains efficiency for field service teams. The application incorporates a variety of data to help organize and prioritize daily maintenance schedules across all sites.
The company also launched the latest version of its next generation PowerUp application, which is capable of increasing a wind farm’s annual energy production by around 10%. This application can enhance tuning process to help monitor a site’s specific wind environment and lock in the appropriate settings based on the updated information.
The two other applications launched at the summit were the Diagnostics application and the Prognostics application. Both these applications will improve a company’s operational performance by reducing maintenance costs by up to 10%.
The company’s new software applications have already been deployed with pilot customers and will be widely available in the market by the end of 2016.
EXELON CORP (EXC): Free Stock Analysis Report
HONEYWELL INTL (HON): Free Stock Analysis Report
GENL ELECTRIC (GE): Free Stock Analysis Report
KONIN KPN NV (KKPNF): Free Stock Analysis Report
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