Siemens adds to its IT quotient via Utilicase agreement
By Jesse Berst
More and more operational technology (OT) equipment comes with an information technology (IT) component, whether embedded software or communications or on-board memory or control software or any of many other variations. For this and other reasons, "traditional" OT vendors have been steadily increasing their IT capabilities. ABB has been most active with its acquisition of Ventyx. But other industrial giants are also on this path, as we see in this week's announcement from Siemens.
The deal is a strategic partnership to jointly offer a pre-integrated version of the Utilicase asset management suite to customers. Siemens personnel will use their field and operational knowledge to help install and customize the suite, which provides a near-real-time look at asset health along with predictive analytics.
"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 Utilicase CEO Spero Mensah.
At the beginning of this year, Siemens purchased eMeter, purveyor of meter data management software. The German industrial often invests in or partners with smaller companies as a first step towards an eventual purchase.
For more on asset management, download Strategic Asset Management: A Primer for Electric Utilities, an eBook from Smart Grid News.
Jesse Berst is the founder and chief analyst of Smart Grid News.com, the industry's oldest and largest smart grid site. A frequent keynoter at industry events in the U.S. and abroad, he also serves on advisory committees for Pacific Northwest National Laboratory and the Institute for Electric Efficiency. He often provides strategic consulting to large corporations and venture-backed startups. He is a member of the advisory boards of GridGlo and Calico Energy Services.
Siemens Smart Grid and Utilicase Announce Strategic Agreement for Smart Asset Management
MINNETONKA, Minn.--(BUSINESS WIRE)--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.
â€œAs 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 customersâ€
â€œAs 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,â€ 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.
â€œThe 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,â€ 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.
For additional information on the Siemens Utilicase solution, please contact Barbara Servatius at 404-550-9313 or Barbara.Servatius@UTILICASE.com.
Siemens Infrastructure & Cities Sector, with approximately 87,000 employees worldwide, offers sustainable technologies for metropolitan areas and their infrastructures. Its offerings include complete traffic and transportation systems, intelligent logistics, efficient energy supply, environmentally compatible building technologies, modernization of the way power is transmitted and distributed, and smart consumption of electricity. The sector is comprised of the Rail Systems, Mobility and Logistics, Low and Medium Voltage, Smart Grid and Building Technologies Divisions as well as Osram Sylvania. For more information, visit www.usa.siemens.com/infrastructure-cities.
The Siemens Smart Grid Division supplies products and solutions for intelligent and flexible electrical network infrastructures. To meet growing energy needs, the networks of today and tomorrow must integrate all forms of power generation and ensure bi-directional energy and communication flows. Intelligent networks help make it possible to generate and use power efficiently and on demand. They contribute to the electrification of railroads and also supply industrial enterprises, infrastructure elements and entire cities with electricity. For more information, visit www.usa.siemens.com/smartgrid
Based in Montreal, Qc Canada, with offices in the United States, UTILICASE has been a solution provider to power utilities since 1994. From lessons learned working with various utilities to help solve asset aging issues, UTILICASE has developed a comprehensive Strategic Asset Management offering. Using UTILICASE EPS-M software products, utilities will be able to mitigate the risks and impacts of aging infrastructure while improving reliability, increasing productivity and holding down costs for maximum Return on Investment. UTILICASE also provides consulting and integration services in SCADA/EMS/DMS and telecom engineering to power utilities. Visit www.utilicase.com for more information.