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
(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
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). A couple of
better-ranked stocks in the industry include Honeywell
International Inc.
HON
and Koninklijke KPN N.V.
KKPNF
. Both carry a Zacks Rank #2 (Buy).
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