ABB Launches Asset Optimization Software for Connected Asset Lifecycle Management

By Ralph Rio

Company and Product News

ABB announced the global launch of its new ABB Ability Ellipse software solution delivering a cross-enterprise approach to connected asset lifecycle management. The solution suite will help electric power utilities to optimize asset utilization, drive down maintenance costs, and reduce equipment failures and system outages.

Electric utilities are increasingly challenged to maintain high asset availability, performance and reliability against the backdrop of aging infrastructure and financial pressures. In addition, the number of new assets entering the grid is exploding – from smart meters and switches, to distributed energy sources, such as solar and wind, to electric-vehicle charging stations.

ABB Ability Ellipse Is Asset Lifecycle Management

The new ABB Ability Ellipse solution offers utilities a proactive approach for predictive maintenance that combines an asset management system with collection and analysis of performance data and a comprehensive workforce management solution for dispatching crews and maintaining critical assets. Specifically, the solution unifies the functionality of ABB’s solutions for Enterprise Asset Management (EAM), Workforce Management (WFM), and Asset Performance Management (APM).

ABB Ability Ellipse is the latest offering in the ABB Ability family. The solution embeds industry best-practices and business processes and leverages real-time equipment data and the Industrial Internet of Things to connect predictive analytics and asset management systems to the mobile worker in the field. It is available either as an ‘on-premise’ or ‘Software as a Service’ solution for electric utilities and other asset-intensive sectors, like renewables, transport and mining.

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