Efficient and Reliable Energy ProductionPower Generation SoftwareFrom aging infrastructure and ensuring reliability to the integration of renewables. Today's power generators face escalating demands. Stay ahead with innovative solutions that ensure continuous, efficient power delivery while meeting industry standards.See Industry Insights Power Generation Overview Traditional and legacy solutions are not cutting it anymore Software for the power generation industry is evolving quickly to help companies address where current technology is falling short.Here are some steps that power generation companies can take: Reduce unexpected asset failuresUnexpected equipment failures can lead to costly downtime and repairs. Predictive and prescriptive maintenance software uses data analytics to monitor equipment health, predict potential failures, and schedule maintenance before issues arise. Prescriptive maintenance is an advanced approach by recommending actions to prevent failures and help to focus on critical issues.Improve efficiency and optimizationAvoiding unplanned downtime and moving from a reactive to proactive maintenance strategy is not the only need for power generation. Also needed is optimization at the plant and fleet level for improved efficiency to reduce costs and meet sustainability goals.Solve for the employment gapsGaps in power generation employment and knowledge transfer continues to be an issue. Software can automate routine tasks and optimize workflows, allowing existing staff to focus on more complex and critical activities. Advanced software can also provide insights and recommendations that can close the knowledge gaps and onboard new employees more quickly. Trusted by Power Generators Globally 1/3increase in global power demand in next 10 years*47GW/year of natural gas will be added globally over the next 10 years**30%of global electricity in 2023 was generated by renewables, primarily wind and solar, a new record*** Power generation software for maximum impact. By using an APM software, enterprises are realizing end-to-end value: 10-40%Reduction in reactive maintenance 2-6%Increase in availability 5-10%Inventory cost reduction 3-40%EH&S incident reduction * SPGlobal Energy Transition Insights** Report-Global-Electricity-Review-2024*** Department of Energy, Operations & Maintenance Best Practices Guide Revolutionizing RiskXcel Energy’s Kaitylyn Honey presents how they achieved Asset Performance Management (APM) InnovationWatch Now View All Customer Stories Analyst Reports Gartner Report Use a step program to orchestrate maintenance and reliability technology Forrester Total Economic Impact of GE Vernova’s Asset Performance Mangement for Power Generation Operations Download Now Verdantix Market overview: Industrial AI analytics solutions Explore Now Load MoreEnd of Result Featured Resources The Importance of Asset and Fleet OptimizationRead More How to Optimize Your Gas Plant with Digital Solutions that Provide a Clear ROI How to Optimize your Fleet with Digital Solutions that Accelerate the Value of Renewables Next Generation APM Helping to Power the Energy TransitionRead Now View All Resources Featured Products Asset Performance Management (APM) SolutionsA solution suite for optimizing industrial assets, featuring AI/ML, digital twins, and advanced analytics for predictive maintenance and performance monitoring. Learn More Proficy SolutionsIndustrial software solution for HMI/SCADA, MES, and analytics, enhancing operational efficiency, sustainability, and productivity with AI-based insights.Learn More CERius Emissions Management SoftwarePrecise carbon emission management powered by AI to help energy companies measure, manage and reduce emissions with advanced analytics.Learn More Load More View All Products Products Featured ProductMoving from reactive to predictive maintenanceGE Vernova APM SmartSignalPrevent equipment downtime by detecting, diagnosing, and forecasting emerging failures. Smart Signal uses Digital Twin blueprints and AI/ML analysis to provide early warnings, diagnostic insights, and time-to-action forecasts, enhancing asset reliability.Explore Now Products Resources Blogs Videos Additional Resources FAQs FAQs How can I improve my power plant performance? There are many ways to improve the performance of your power plant and they vary from expensive equipment upgrades that have a major impact, to smaller, more affordable upgrades, such as improving training for employees to ensure best practices are current. Equipment upgrades and modernization includes advanced control systems, turbine retrofits and implementation and adoption of smart sensors. Modernization also includes advanced software that can provide predictive maintenance, combustion optimization, heat rate reduction and more in either close-looped or open-looped solutions. Other improvements can include, lowering temperatures, using motors that utilize variable speeds, reducing leakage of air, fluids, steam and water as well as include regular methods to reduce heat rate. What are the performance parameters of power plant? The performance parameters of power plants need to include key parameters that provide insights into efficiency, reliability and overall effectiveness. These include 1) Power plant output 2) Power plant heat rate, 3) Power plant auxiliary consumption (such as pumps, fans and cooling systems), 4) Energy Performance Index (EPI), 5)Compensated Performance Ratio (CPR)- typically used for renewable power plants which looks at the actual energy production of a renewable power plant relative to its expected performance under specific conditions 6) Power Performance Index (PPI) - also typically used for renewable energy sources and focuses on the actual output of renewable energy sources compared to their design capacity. 7) Yield and Performance and 8) Business Intelligence (BI) dashboard. Which software is used in power plant? Software used in power plants can be found in nearly every department. Commonly used software in power plants include 1) Computerized Maintenance Management Systems (CMMS) and enterprise management (EAM). These are used to modernize work orders, scheduling, tracking and purchase order management. 2) Simulation and analysis tools are commonly used for Grid commercial teams to handle unit commitment, economic dispatch and transmission reliability requirements. 3) Security software to assess power system security for both offline and online 4) Power engineering software 5) Asset Performance Management to avoid unplanned downtime and optimize maintenance strategies 6) Asset Optimization software to reduce fuel and emissions, 7) Carbon Emission Management to manage and reduce emissions. As you can see, there are lots of different opportunities to use software to improve efficiency, reliability, safety, productivity and the bottom line. Software is continuously evolving to help power plant accelerate and succeed in a dynamic and competitive market. What is plant performance monitoring? Power plant performance monitoring is a critical practice to continuously track and evaluate the behavior of various parameters related to plant operation. It involves comparing observed values with expected behavior based on models, digital twins, historical data, or correlations. Heat Balance Analysis and Data Analytics are used to continuously monitor using a combination of first-principles and advance data analytics. Heat balance analysis applies conservation of mass and energy principles, along with combustion modeling, to enhance the measured data. This provides information on temperatures, flows, equipment efficiencies and heat rates. Data Reconciliation techniques detect and resolve inconsistencies. This involves measurement and calibration errors. Predicted vs. Actual Performance is also used for plant performance monitoring by evaluating current performance to predicted performance. Predicted Performance can come from Advanced Pattern Recognition (APR) correlations. For more accurate predictions, often hybrid APR correlations are used that measure both data and heat balance outputs. Fault Detection and Optimization helps identify faults, improve maintenance cycles and optimize processes. What is the important measure of performance for a power plant? Regardless of whether the power plant generates electricity from nuclear, coal, or gas, the most important measure of performance plant efficiency. Plant efficiency impacts financial performance and environmental sustainability. It is measured by heat rate, which is the amount of energy required to generate 1 kWh of electricity. What is plant reliability? Plant reliability may be different depending on what sector your industry falls under. Specific strategies and focus areas will be different based on the specific needs and challenges for each sector. For the power industry, for example, plant reliability focuses on ensuring the power plants consistently generate electricity without unplanned outages and that the plant(s) are optimized to provide availability. Key aspects include equipment maintenance, performance monitoring, and outage management. For the Oil and Gas industry, plant reliability is essential for maintaining production levels and ensuring safety. Key aspects include asset integrity management, risk assessments and operational efficiency. Nearly all industries with plants prioritize reliability to enhance safety, reduce costs and ensure continuous operation. How do you ensure power plant reliability? To ensure plant reliability, a systematic management approach is critical. The management system needs to encompass strategies to maximize plant performance and increase lifecycle through proactive maintenance, risk assessments, and condition monitoring. For visibility across all assets and predicative equipment diagnostics, reliability analysis software is a crucial tool for successful operations. A combination of key strategies and tactics to consider: 1) strategic planning backed by leadership to prioritize reliability and align to the business goals, 2) effective communication for clear and effective results across departments such as operations, maintenance and engineering, 3) Preventative and Predictive Maintenance to address potential issues before the can lead to unplanned downtime and failures. This is where condition monitoring, predictive analytics and data analysis are essential, 4) modernize and leverage technology like smart sensors and solutions to automate maintenance tasks, 5) Training for continuous improvement and to enhance skills and knowledge in reliability practices, 6) Root Cause Analysis to understand the underlying issues and to prevent recurrence and 7) standardize operations for operations and maintenance to ensure consistency and reliability. These are some strategies to integrate to enhance the reliability of your plant and ensure optimize reliability. Customer Stories Featured Customer StoryDigitalization at RWE- Value Based MaintenanceGE Vernova SmartSignal Predictive AnalyticsValue Based Maintenance is one of the eight lighthouses that guide RWE’s digitalization journey. Watch this video to learn how they used SmartSignal predicative analytics to prioritize equipment maintenance and make proactive data-driven decisions that balance risk and commercial impact.Watch Now Customer Stories How Can We Help You? Let our experts show you how GE Vernova’s Software business can accelerate your operational excellence program and energy transition. Thank you for getting in touch! We’ve received your message, One of our colleagues will get back to you soon. Have a great day!