Asset Management Services for Power & Utilities

Ageing assets, an ageing workforce, the increasing regulation in a domain of scarce resources; these are all topics which force electricity and utilities companies to be agile. The progressively ambitious sustainability goals and need for energy fast-track the energy transition towards more scalable, clean and renewable energy sources. Additionally, centralization of operations and climate change affect the business of power generation, transmission and distribution operators increasingly. This asks a high level of agility of the business and their assets. Trending asset utilization, amending output and being able to predict and prevent outages and to be able to secure the required performance are what sets you apart.

See Power & Utilities Success Stories

How we help

Change to improve

Industry 4.0 solutions like connected assets, connected worker, APM 4.0 & EAM deployment: solution selection, process design, configuration and deployment, reporting and company-wide dashboards for insights and control.
Data management: from cleansing data, enriching data to connecting IT and OT systems and data to full insights in asset performance through interdisciplinary shared asset data dashboards for joint decision making.
Asset Improvement Program: get a full fit/gap analysis, customized roadmap and business case to reach asset performance targets and realize digital transformations ambitions. From strategizing, smaller scale deployment to full-scale implementation and demonstrated performance improvements.
Enhanced risk management: In close cooperation with the client develop, implement and optimize structured risk management and maintenance strategies for reliable assets and increased cost optimization opportunities.
Management of change: enable organizational learning, knowledge transfer, training, coaching, interim staff to work side-by-side with the workforce

Get in touch.

Alex Lemuz
Account Relations Manager

alex.lemuz@maxgrip.com
T: +1 832-933-1602

APM Challenges for Power and Utilities

Asset investment planning

When demand and prices fluctuate, it is important to be able to anticipate different business scenarios and to manage the assets we rely on every day in a optimal manner. In the short term the changing parameters affect short-, mid- and long term decisions regarding asset utilization and asset investments. Long term and on a wider scale, this should also affect the asset investment planning, especially considering the often aging asset base. Based on projected scenarios, choices have to be made to either keep the assets in play in a reliable manner or to decommission the assets. The life cycle and investment plans for assets should harmoniously contribute to the long-term organizational targets by considering the asset's entire life cycle, from acquisition to decommissioning.

Integrating Industry 4.0 solutions

Power plant and utilities operations recognize that digitalization is essential to develop successfully. Connected assets and the resulting data lake brings forward the need for Industry 4.0 technological solutions. By feeding data to IT and OT systems, connecting those and generating relevant output companies will be able to make the right operational, tactical and strategical decisions. This can include asset health insights, condition-based monitoring, preventive and predictive maintenance or even prescriptive maintenance to avoid unnecessary downtime and prevent outages, plan for the future while anticipating budget limitations, market and weather conditions.

Anticipating change

For asset related industries the linking pin between connected assets, the connected workforce and other systems is business logic and business value. Through smart algorithms and Artificial Intelligence a power plant or utilities company can make short-, mid- and long-term decisions about how best to sustain and expand their asset infrastructure in an informed way. Business logic can be seen as an extra layer over the asset condition combined with weather conditions as well as market conditions (price fluctuations for instance). Based on those factors and others, the logic can simulate scenarios and trends to find the best way to go forward based on the organizational budgets, targets and KPIs.

Connected workforce

Another aspect of Digital Transformation is to digitalize human- human and human-system interaction in order to improve business results and safety by offering field technicians smart data capture, real-time asset condition insights and integrated processes. By digitalizing frontline operations and maintenance, you can prevent expensive out-call expenses.

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Services for every Asset Performance Management challenge

Asset Improvement Program

Assess your organization, deploy improvements and realize sustainable performance

EAM Implementation & Value Realization

Have your organization get the most out of your EAM system

Predictive Maintenance Program

A Structured, Value-Driven Approach for Lasting Impact

Demonstrate Compliance

Prove regulatory compliance and safe practices.

Asset Integrity & Assurance

Safeguard safety with optimized asset integrity management

Asset Management Training and Coaching

Have your staff raise the bar of asset management

Maintenance & Reliability Management

Bring in MaxGrip maintenance experts to get the job done

Other APM challenges

Is your challenge not mentioned? Get in touch with an expert and we will find a solution together.

Anticipate change to optimize asset performance