"The North American power industry is faced with an aging infrastructure, which requires continuous care and strategic upgrades," said Roger Bailey, president of ABB Power Products division, North America. "Bringing together ABB's operational technology and Ventyx's information technology into our new Asset Health Center solution can dramatically change the way utilities approach transmission equipment maintenance. We are excited to partner with market leaders such as AEP on such a significant initiative to maximize network performance by enabling increasingly intelligent transmission grids."
"The Asset Health Center provides a new industry standard for end-to-end condition-based maintenance that can help utilities ensure the reliability of critical infrastructure assets upon which the nation's power grid depends," said Jeff Ray, CEO of Ventyx. "By transforming real-time and historical data into meaningful and timely insights into the health of their assets, utilities can ensure greater uptime and uninterrupted service delivery for customers, while lowering their own operations and maintenance costs."
American Electric Power ( www.aep.com) is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP also owns the nation's largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined.
ABB ( www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people. The company's North American operations, headquartered in Cary, North Carolina, employ about 27,000 people in multiple manufacturing, service and other major facilities.Ventyx, an ABB company ( www.ventyx.com) is a world-leading supplier of Industrial Enterprise Software for essential industries such as energy, mining and public infrastructure. Ventyx solutions bridge the gap between information technologies (IT) and operational technologies (OT), enabling clients to make faster, better-informed decisions in both daily operations and long-term planning strategies. Some of the world's largest organizations rely on Ventyx solutions to minimize risk, enhance operational and financial performance, and execute the right strategies for the future. For help with any technical terms in this release, please go to: www.abb.com/glossary. SOURCE ABB
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV