To assist utilities in modernizing their utility grid assets and accelerating digital transformation, Honeywell has unveiled Honeywell Forge Performance+ for Utilities.
The software is based on Honeywell Forge, which combines digital twins, machine learning, and artificial intelligence (AI). It helps utilities monitor assets, find root causes, and apply predictive analytics to manage grid assets.
It also makes automation processes like distributed energy resource management and demand response possible to improve grid stability and reliability.
The software empowers utilities with near real-time insight to improve grid operation and address variability associated with new energy sources. It offers a “bottom-up” forecast of energy demand, available distributed power-generating assets, and controllable loads. Increased operational visibility enables the utilities to balance energy supply and demand which contributes to grid reliability and resiliency.
The cutting-edge platform digitalizes utility grid data into actionable, real-time business and operational insights by integrating, organizing, and visualizing data from multiple sources. This speeds up analytics processes. It is capable of running a wide range of applications, including those from external partners.
“The software is designed to enhance existing systems, provide greater value to utility companies’ investments and support a combination of capabilities from various tools into a single, reliable platform,” said Hamed Heyhat, President, Honeywell Smart Energy and Thermal Solutions (SETS).
“The industry needs an innovative solution to help store and digitize the multiple data streams from complex utility infrastructures around the world,” said Ben Dawson, VP, Growth, Smart Grid and Operational Technology, SECO Energy, a Central Florida-based not-for-profit electric cooperative.