A digital twin refers to a dynamic digital replica of an actual physical asset and how it interacts with the larger grid and the humans who operate and maintain it.
The digital twin can include the spatial geometry of the asset and its location in the grid, as well as thermodynamic and electrical behavior.
APM, when applied effectively, can reduce OPEX and CAPEX based on predictive and prescriptive analytics, resulting in operational cost savings and/or deferring capital investment requirements.
APM can also help utilities achieve compliance as outages are reduced.
As ARC learned, Hitachi ABB Power Grid's APM solution is designed to provide asset health and performance insights that
to help prevent critical failures while optimizing asset lifecycle costs. The solution utilizes digital twin technology, integrating online data with existing historical data.
It can also connect from the substation to the cloud using state-of-the-art IIoT (Industrial Internet of Things) connectivity technology, enabling utilities to leverage their online and offline data to
Drive a smarter, condition- and risk-based approach to asset management. By combining data collection, integration, visualization and analytics capabilities, the
utilities can gain new insights through a predictive, prescriptive and predictive view of their systems.
The solution complies with key industry standards such as ISO 55000 and PAS 55.
Hitachi ABB Power Grid APM helps utilities understand when faults are likely to occur and the consequences of those faults.
With this information, utilities are better able to achieve key objectives, including
Cost-effectively manage asset health
Effectively address identified risks
Prioritizing repair and replacement decisions
Implementing “what-if” analysis and contingency planning programs
Hitachi ABB Power Grid
Founded in 2020. Hitachi ABB Power Grid is a global technology leader with a history spanning nearly 250 years.
Headquartered in Switzerland, the company serves utility, industrial and infrastructure customers across the entire value chain.
With expertise in emerging areas such as renewable energy integration, energy storage, electrified mobility and smart cities, Hitachi ABB Power Grid is well-positioned to help companies around the world transition to a smart and distributed energy future.
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