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GE Power and Tepco Fuel & Power, Inc. (Tepco FP) announced they have signed a memorandum of understanding agreement to jointly develop and introduce Industrial IoT solutions throughout the utility's thermal power plant fleet, harnessing GE's secure, cloud-based Predix platform. As the first step in this agreement, Tepco FP will install GE's Asset Performance Management (APM) software in the LNG-fueled Futtsu Power Station Unit 4.
The Futtsu APM installation marks the launch of a digital transformation of the utility's existing fleet of thermal power plants to increase their long-term reliability, flexibility and to help reduce life cycle costs for Tepco FP. Tepco FP and GE are pursuing the digital APM software solution at Tepco's 1,520-megawatt Futtsu site to improve the operator's equipment condition monitoring and diagnostics capabilities to increase plant reliability and also to use big data and analytics to promote Tepco FP's business and operational optimization. Futtsu Work represents GE's first digital power plant project in Japan and serves as model for other utilities operating in the region.
Futtsu Power Station, Tepco's third largest natural gas-fueled power plant and one of Japan's most efficient power stations, is located in Chiba prefecture, 30 kilometers east of Tokyo. GE is scheduled to begin installing the APM solution at the station in 2017.
Keywords: Industrial IoT, Thermal Power Plant, Cloud-Based, Asset Performance Management (APM), ARC Advisory Group.