GE announced an enterprise-wide software agreement with Exelon, a Fortune 100 energy company. This agreement includes integration and deployment of GE’s entire suite of Predix* software applications across Exelon Generation’s fleet of wind, solar, hydroelectric, nuclear, and natural gas facilities.
The digital technology will be used to improve power plant reliability and performance. The software agreement is also a 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.
Exelon will deploy GE’s full suite of Predix software applications across its fleet. The two companies will also co-develop Predix-based software applications for the electricity industry.
“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.”
Exelon has one of the largest number of utility customers and one of the cleanest generation fleets in the nation. 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, operations optimization, business optimization, 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.”
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