GE in TEPCO Digital Upgrade
Today, the power segment of General Electric Company (NYSE:GE) and Japan-based Tepco Fuel & Power, Inc. entered into an agreement for mutual development and introduction of Industrial IoT solutions. These products will be implemented throughout Tepco thermal power plant fleet through GE’s Predix platform.
The implementation will start from Tepco’s LNG-based Futtsu Power Station Unit 4. The company will install General Electric’s Asset Performance Management (APM) software in the vicinity. This installation is scheduled to get started in 2017.
On the signing ceremony, Tepco Fuel & Power, Inc President, Toshihiro Sano expressed his remarks: “As we look at the future energy needs of our customers, we must invest in the latest digital solutions that can help us increase the productivity, efficiency and reliability of our existing power plants.” With the help of General Electric’s Predix and APM, the company is likely to collect and analyze its industrial data in real-time manner. This will result in improved 1,520-megawatt power plant performance with enhanced operations at Tepco’s Futtsu power station site.
GE Power President and CEO, Steve Bolze penned his remarks: “GE is honored to collaborate with Tepco to deploy our advanced digital solutions to increase the reliability and performance of its thermal power plants and enhance Japan’s energy supply.”