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Optimizing asset management
How a prominent wind energy producer optimized their asset management in real-time.
Client
- Client
Challenge- Solution
- Impact
- Conclusion
Client
The renewable energy sector deals with extensive asset-related problems that can affect production and costs severely. The absence of a proper asset management platform can add to the problems. Our client, a prominent wind energy independent power producer, was also dealing with asset optimization challenges.
Challenge
The client faced a series of asset optimization challenges that threatened to derail their operational efficiency and financial performance. The absence of an advanced asset management platform left them without real-time dashboards, crucial for monitoring key performance indicators (KPIs). This gap led to a significant discrepancy between the budgeted and actual power generated, undermining the company's ability to plan and execute effectively. Furthermore, the data acquisition from Original Equipment Manufacturers (OEMs) was inadequate and ineffective, leaving the company in the dark about critical asset performance metrics. The lack of downtime tracking and measurement compounded these issues, preventing the client from identifying and addressing inefficiencies promptly. These challenges highlighted the need for a robust solution to harness the full potential of their assets and maintain a competitive edge in the renewable energy sector.
Their challenges included:
1
Lack of real-time dashboards with key KPIs
2
Huge difference between budgeted and actually generated power
3
Inadequate and ineffective data acquisition from OEMs
3
Lack of downtime tracking and measurement
Solution
Bahwan CyberTek's deployment of retina360, an advanced predictive analytics platform, marked a turning point for a leading wind energy producer grappling with asset optimization. The solution delivered real-time dashboards featuring key KPIs, daily generation reports, and on-demand analytics, enabling precise power curve analysis and monitoring of real-time alarms and events. It introduced proactive alerts for performance degradation and facilitated detailed, real-time analysis of turbines, contextualized with operational data. This comprehensive approach allowed for exploratory analytics of critical parameters across each turbine and park, integrating an Asset Health Index (AHI) for each park. The result was a robust system providing 24x7 analysis and monitoring of 100 MW of wind assets, ensuring OEM and O&M operations adhered closely to contracted levels, and identifying key component failures for timely intervention.
1
Deployed retina360, providing real-time dashboards with key KPIs.
2
Enabled ad hoc (on-demand) and daily report generation.
3
Enabled power curve analysis, real-time alarms, event monitoring, tracking of downtime, and reason accounting.
4
Enabled proactive alerts on performance degradation and on-the-fly detailed analysis of turbines in real time, contextualized with operations data.
5
Provided exploratory analytics for all critical parameters of each turbine and park.
6
Created an integrated Asset Health Index (AHI) for each park.
7
Real time proactive alerts for possible loss of generation scenarios.
Impact
Bahwan CyberTek's strategic implementation of retina360, an advanced predictive analytics platform, catalyzed a significant business impact for the client. By equipping the client with real-time dashboards and key KPIs, Bahwan CyberTek enabled a more accurate alignment between budgeted and actual power generation. The platform's daily generation reports and ad hoc analytics facilitated a deeper understanding of operational dynamics, while proactive alerts and real-time analysis of turbines optimized asset performance. This resulted in a 24x7 monitoring capability of 100 MW of wind assets, ensuring operations met contracted standards and mitigating potential generation losses. The identification of critical component failures further exemplified Bahwan CyberTek's role in enhancing the client's operational resilience and financial fortitude.
1
Enabled OEM and O&M to perform closer to the contracted levels of operations.
2
Enabled real-time monitoring of operations.
3
Identified large fluctuations in plant operations and found potential generation opportunity loss.
4
Identified key component failures in certain assets (main bearing and gearbox) and provided timely proactive prescriptive messages to the customer.
Conclusion
With Bahwan CyberTek's retina360 predictive analytics platform, the client could leverage real-time dashboards, key KPIs, and essential operational insights. Its 24x7 monitoring enabled 100 MW of wind assets to meet standards, mitigate losses, and identify critical component failures, enhancing operational resilience and financial fortitude.
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Bahwan CyberTek is committed to providing the highest level of protection regarding the processing of their vendors’/clients’/customers’/job applicants’/website visitors’ personal data based on applicable data protection laws and regulations at respective locations. In general, you can visit the Bahwan CyberTek website without providing personal data. However, there are times when Bahwan CyberTek will request personal data.
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