Power Transmission Solutions
Transforming energy. Staying ahead.
Power transmission companies must continually assess the effects of transmission congestion, fuel costs, generator availability, bidding behavior, and load growth on market prices to minimize risks and provide a reliable service.
At the same time, they must manage construction, maintenance, and emergency work on a daily basis to ensure the 24x7 availability of mission-critical assets.
To combat these challenges, many power transmission companies are making investments into innovative technologies that further increase reliability while improving overall efficiency. Ventyx understands the need to balance everyday operations with the drive towards innovation.
Power Transmission Challenges
Ventyx can help power transmission companies address the following challenges:
- Improving operational efficiency - Power transmission companies require standardized and streamlined work processes to maximize workforce and asset productivity to improve customer satisfaction.
- Increasing access to skills and resources - Organizations face the dual threat of aging asset infrastructure and a lack of skilled workers to inspect and maintain those assets.
- Tightening regulatory realities - Maintaining regulatory, service reliability and safety compliance is a constant issue for power transmission organizations that are heavily regulated.
- Meeting new growth requirements - Energy organizations are under tremendous pressure to re-evaluate the way they have traditionally done business to meet increasing demand for power while balancing the desire to maximize the distance between generation sources and densely populated areas.
- Capital investment planning - To make ongoing investments to expand and improve transmission network capacity, companies need convincing data-driven analysis supporting investment and comprehensive capital project management once funds are secured.
Power Transmission Solutions
|Enterprise Asset Management (EAM)|
Maximize the performance of your physical assets over their entire lifecycle, ensuring asset availability and reliability while reducing operational costs and risk.
Ventyx Enterprise Asset Management solutions provide a full, clear view of an organization’s asset infrastructure and the workforce maintaining it. Our capabilities extend beyond traditional production assets. With Ventyx, you can manage multiple asset types and still have one clear view of the entire asset infrastructure. Key benefits include:
|Mobile Workforce Management – Field Service|
Automate end-to-end workflows for field workforces – from forecasting, job scheduling and optimizing order assignments, to dispatching work to the field, order processing and measuring performance.
With Ventyx Mobile Workforce Management solutions for field service, field personnel can perform the right job at the right time with the right resources. Key benefits include:
|Mobile Work Management – Asset Service|
Improve workforce safety and productivity by delivering critical information to the technicians when they need it to make better informed decisions. Improve governance and reporting by capturing data at the point-of-performance, eliminating time-consuming paperwork and double data entry.
Asset intensive organizations service and operate their assets in the field, where they live. This workforce is often distributed across vast distances, or in remote and dangerous locations, and exposed to volatile conditions. Ventyx solutions provide unique mobile business applications that take asset management and business processes to the work site to automate processes and to safely and efficiently perform inspections, maintenance and repairs.
Identify the optimal holdings of every stock item by analyzing its usage patterns and criticality with our intelligent, predictive software solutions. Or use our intuitive, graphical parts catalog to help you always find the right part, right away.
Understanding parts management and inventory optimization plays an important role in an organization’s success – particularly in relation to mission-critical assets. The challenge is how to best balance inventory levels. Ventyx Parts Management is the most effective way to reduce inventory while protecting against the risk of stock-outs. Key benefits include:
|Network Management (EMS)|
React to real-time conditions to optimize the operation of your power systems and utilization of the transmission network.
Electric power companies are faced with evolving industry standards and market rules as well as ever increasing demands on operational performance. With a Ventyx Energy Management System (EMS), you can determine optimum power flows and voltage profiles, provide early detection of network congestion, perform analysis reporting and address cyber security. Key benefits include:
|Asset-Intensive Enterprise Resource Planning (ERP)|
Essential industries managing skilled workforces in remote and dangerous locations and capital-intensive commercial operations require specialist Enterprise Resource Planning (ERP) solutions focused on the unique challenges faced by bulk mining companies.
Asset-intensive industries tend to focus more on the complex plants and equipment they use than the products they produce. Any interruption due to plant or equipment failure can result in lost production that may be unrecoverable. The enterprise asset management components of the ERP software are as important as material requirement planning components for a manufacturing organization. Asset-intensive ERP has been specifically designed to maximize asset productivity and help prevent equipment failure that can lead to lost revenue and safety and environmental risks. Key benefits include:
|Business Intelligence & Analytics|
Make better decisions by capturing and aggregating the rich data held within software systems across your enterprise with pre-packaged analytical tools built on the KPIs which matter most.
To improve strategic and tactical decision making, management need greater insight and visibility of all aspects of the operation – from the effectiveness of its staff to the performance of its plants and equipment. Ventyx Business Intelligence captures and aggregates rich data held across disparate software systems. Easily tailored for individual users or user groups, Ventyx Business Intelligence compiles the industry's best business practices into pre-packaged solutions to enable companies to more effectively monitor and manage their distributed assets on a real time, near-real time, and event-driven basis. Key benefits include:
|Energy Market Intelligence & Forecasting|
Make better decisions with access to leading market data such as fuels, generation, and transmission networks. Leverage price and capital investment forecasting and asset valuation to drive better decisions against both financial and regulatory criteria.
Energy markets have converged. Analysts need the ability to quickly evaluate the activities of market participants and industry dynamics across commodities without having to jump between applications. Energy professionals need more than just accurate data – they need powerful analytical tools that can help them quickly find the answers to complex and data intensive industry problems. Ventyx is a market leader in energy market planning and analytics, and is the only major market forecast provider to backtest the performance of its Advisory Service forecasts over time. Key benefits include:
|Retail Operations & Forecasting - Counterparty Settlement & Billing|
Integrated solution for managing operating agreements and contracts, complex billing and settlement calculations and regulatory reporting processes.
Used by market or transmission operators, wholesale providers, generation owners/operators, marketers, and utilities, the Ventyx counterparty settlements and billing solution supports the settlement and invoicing of generation, transmission and distribution customers or counterparties associated with energy contracts. Key benefits include:
|Energy Market Intelligence & Forecasting (Economic Transmission Planning)|
Evaluate potential transmission investment decisions based on their economic effect using rigorous simulation engines featuring security constrained economic dispatch and a highly detailed representation of the transmission grid.
Ventyx offers industry-leading power market simulation solutions, which incorporate extensive details in generating unit operating characteristics, transmission grid topology and constraints, unit commitment, operating conditions and market systems operations. Algorithms can be exercised for LMP forecasting, CRR / FTR valuations, and transmission congestion analysis. Key benefits include:
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Everything you need to become an expert on the energy industry.
- Ventyx Chalk Talk: Asset Health Center (Video)
- Greentech Media: Evaluating Asset Health (Research)
- Ventyx Electric Utility Executive Insights Annual Survey Results | 2013 (Whitepaper)
- Top 5 Challenges in Equipment Reliability (Expert Series)
- Supporting Systems for a Smart Grid World (Whitepaper)
- Utility Asset Management Strategy in the Smart Grid Era (Whitepaper)
- Securing Your Systems Against Future Threats: Cyber Protections to Support Operational Excellence (Webcast)
- Asset Retirement Analysis - Determining the End of Economic Life (Webcast)
- Work Optimization in Power Generation & Supply (Interactive Tool)