"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."
ABB To Implement Asset Health Center Solution At American Electric Power
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts