Siemens Smart Grid Division and Utilicase have entered into a collaboration agreement to offer a combined solution linking Smart Grid functionality with Enterprise Asset Management for the North America market. This agreement will allow utility customers to integrate their latest Smart Grid investments in asset performance assessment, operations with maintenance and capital investment strategies. This will enable utilities to better manage data analytics and will deliver a holistic view of present grid reliability as well as provide opportunities to optimize the investment in enhanced reliability in the future.
“As consumers look for ways to better manage their energy consumption, this solution will help utilities better utilize internal resources to improve grid dependability for their customers,” said Thierry Godart, President of Siemens Smart Grid Division North America.
The combined solution will be modular and capable of being phased in over a multi year period. This approach allows the customer to assure that benefits are realized incrementally over time while minimizing implementation risk and business process disruption.
“The goal is not to replace the investment made by utilities recently in enterprise asset management but to leverage the Utilicase EPS-M platform coupled with Siemens asset and operational knowledge to make the existing information actionable and provide critical insight into grid reliability and risk,” said Spero Mensah, Chief Executive Officer of Utilicase.
Siemens Smart Grid and Utilicase will be conducting joint presentations to customers over the coming months to introduce the combined solution and its benefits.
The joint agreement is an extension of an existing relationship between Siemens and Utilicase. Both companies have worked together on past projects to deliver a joint customer solution in Energy Automation.