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GE Launches Industrial Internet Solution To Help Utilities Predict And Prevent Electrical Grid Outages

Stocks in this article: GE

Grid IQ TM Insight, a new power management system from GE Digital Energy’s (NYSE: GE) Industrial Internet portfolio, is a platform that consolidates data from a broad mix of sources including existing grid management systems, smart meters and other intelligent grid power equipment, sensors, weather monitoring and even unstructured social media content from sources like Facebook or Twitter. Grid IQ Insight takes the terabytes of data and using advanced analytics technologies, generates actionable information to predict and resolve failures and other issues that impact the performance of today’s power grids.

The Electric Power Research Institute estimates that power outages and power quality disturbances cost utilities and consumers more than $150 billion annually and greatly affect the U.S. economy. But what if you could use the power of social media, combine it with transmission data and fix problems much faster after they happen?

By consolidating and analyzing real-time data from once disconnected sources, Grid IQ Insight helps predict and prevent potential problems to the grid by getting the right information to the right people at the right time. For example, by using social media updates or smart meter data, Grid IQ Insight can triangulate the source of the outage and show a utility where to send their crews faster than traditional systems. It also can help a utility understand where a potential equipment failure exists allowing it to proactively address the problem as part of its regular maintenance program rather than incurring additional costs related to unplanned, emergency repairs. After Grid IQ Insight gathers input from social media, intelligent devices and renewable energy sources, it applies analytical intelligence to model the data and visualize it in brand new ways.

“Our Grid IQ Insight enables utilities to identify system outages quickly via improved visualization and analysis of their systems, minimizing outage times and greatly reducing costs associated with extended system outages,” said Michael Carlson, general manager—software solutions for GE’s Digital Energy business. “This is a powerful tool that will help utilities predict and prevent power outages and improve customer satisfaction.”

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