Fortune 100 Energy Company Exelon Chooses GE Predix To Accelerate Digital Transformation
Today at Minds + Machines, GE (NYSE:GE) announced an enterprise-wide software agreement with Exelon, a Fortune 100 energy company with the largest number of utility customers and one of the cleanest generation fleets in the...
Today at Minds + Machines, GE (NYSE:GE) announced an enterprise-wide software agreement with Exelon, a Fortune 100 energy company with the largest number of utility customers and one of the cleanest generation fleets in the nation. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161115006177/en/
This agreement will integrate and deploy GE's entire suite of Predix* software applications across Exelon Generation's fleet of nuclear, hydroelectric, wind, solar and natural gas facilities. The digital technology is being used to improve power plant reliability and performance. The software agreement is part of Exelon's broader strategy to partner with technology companies, top universities, national labs, government agencies and venture capitalists to unleash new technologies that have the potential to transform the industry and provide greater benefits to consumers. "As the only Fortune 100 company in the electricity sector, we have a unique opportunity to lead the energy industry in the exploration, development and deployment of the next generation of clean, diverse energy technologies," said Chris Crane, president and CEO of Exelon. "This agreement allows for enhanced collaboration between GE and Exelon to develop solutions to complex industry challenges and accelerate the adoption of new, digital technologies across our industry." Both companies also announced a collaboration to co-develop, test and build next-generation software as a service (SaaS) applications built on the Predix platform for future market opportunities. This collaboration with Exelon signals GE's continued commitment to deliver innovative Internet of Things (IoT) solutions in every part of the electricity value network. As part of this agreement, GE will provide Exelon with its Predix platform, and Digital Power Plant and Digital Wind Farm solution suites, including Asset Performance Management (APM), Operations Optimization (OO), Business Optimization (BO), Cybersecurity and Advanced Controls/Edge Computing solutions. "Exelon is one of America's most admired energy businesses, and its embrace of digital marks a tipping point for the industry," said Steve Bolze, CEO, GE Power. "Building on the success of several pilots conducted across Exelon's fleet last year, Predix is leveraging the power of cloud-computing and data analytics to allow for increased visibility across Exelon's entire generation fleet. With 25 new customers deploying Predix-based Digital Power Plant and Digital Wind Farm solutions it's been a tremendous year of innovation in the electricity industry. We'll look back on today as the pivotal moment digital transformation went mainstream."