- Through Multiyear Supply Agreement, GE to Connect More than 10,000 of Aggreko's Assets to Its Distributed Power myPlant* Asset Performance Management Solution over the next Five Years
- OEM-Agnostic, Readily Available myPlant APM Solution Provides Digital Tools and Advanced Functionalities That Help Improve Asset Availability and Reliability While Enabling Operations Productivity
- Project is the Largest to Date for GE's Distributed Power myPlant Offering
JENBACH, AUSTRIA–August 9, 2018–GE's Distributed Power business (NYSE: GE) signed a multiyear supply agreement with Aggreko plc, a global leader in the supply of temporary power and temperature control solutions, to connect up to 10,000 assets to GE's Distributed Power myPlant* Asset Performance Management (APM) solution over the next five years.
myPlant APM is an original equipment manufacturer (OEM)-agnostic, Industrial Internet of Things solution for reciprocating engines and generators, which will provide Aggreko with a digital toolset to manage its equipment fleet. With more than 100 other data points being derived or added to each of the assets, Aggreko will be able to monitor a large variety of items. Analytics will help, for instance, predict oil lifetime and ensure the performance and uptime of the mobile power plant. The project represents the largest to date for GE's Distributed Power myPlant solution for reciprocating engines and generators.
In addition to supplying power to customers in remote areas, Aggreko's emergency response capability also allows it to respond to emergencies of all sizes, such as restoring power to entire communities after a natural disaster. Complementing Aggreko's capabilities, the myPlant APM solution provides a cloud-based monitoring and diagnostics infrastructure to remotely manage the performance of Aggreko's reciprocating engine fleet of power plants. Aggreko will be able to gain real-time intelligence needed for better decision-making to achieve the desired outcomes and increase the assets' uptime at customer sites in various industrial sectors and events.
"With Aggreko's globally mobile and geographically widespread fleet, this agreement will provide us with the ability to remotely monitor hundreds of thousands of sensors across our power generation fleet," said Dr. Volker Schulte, Group Manufacturing & Technology Director, Aggreko plc. "This will allow us to improve our performance and prevent system disruptions so we can better serve our customers around the world."
GE's Distributed Power myPlant APM solution for reciprocating engines and generators is aimed at improving uptime and efficiency, reducing life cycle costs and driving operating performance and profitability. The myPlant offering uses secure, centralized cloud storage to collect the data from customers' gas, diesel, heavy fuel oil and solar photovoltaic-based power generation, distribution and energy storage equipment, regularly transmitting sensor data streams, control alarms and operational data.
"By digitalizing its fleet through the implementation of our myPlant APM solution across its global assets, Aggreko will be able to deliver power to its customers more reliably and efficiently," said Carlos Lange, president of GE's Distributed Power business. "myPlant will allow Aggreko to monitor equipment condition, performance and availability. With these real-time insights, Aggreko can make better decisions to reduce equipment downtime and operating costs."
The project will be implemented across Aggreko's power generation fleet in multiple regions. The first site deployment for Distributed Power's myPlant solution is planned for the fourth quarter of 2018.
* Indicates a trademark of the General Electric Company.
Around the world, people, businesses and countries are striving for a better future–a future that needs power and the right conditions to succeed. Aggreko works round the clock, making sure everyone gets the electricity, heating and cooling they need, whenever they need it–all powered by our class-leading equipment, trademark passion, unrivalled international experience and local knowledge. From urban development to unique commercial projects and even humanitarian emergencies, we bring our expertise and equipment to any location, from the world's busiest cities to some of the most remote places on earth.
That's what has made us the world's leading provider of modular, mobile power and heating and cooling. We've been in business since 1962 and have more than 7,300 employees, operating from more than 200 locations in 100 countries. With revenues of approximately GBP 1.7bn (USD 2.2bn or Euros 2bn) in 2017, we are listed on the London Stock Exchange (AGK.L) and have our headquarters in Scotland.
For more information, please visit our local website at: aggreko.com
About GE's Distributed Power business
GE's Distributed Power business, which includes the Jenbacher and Waukesha product lines, is a leading provider of engines, power equipment and services focused on power generation and gas compression at or near the point of use. Distributed Power offers a diverse product portfolio that includes highly efficient, fuel-flexible, industrial gas engines generating 200 kW to 10 MW of power for numerous industries globally. In addition, the business provides life cycle support for more than 48,000 gas engines worldwide to help you meet your business challenges and success metrics–anywhere and anytime. Backed by our service providers in more than 100 countries, Distributed Power‘s global service network connects with you locally for rapid response to your service needs. GE's Distributed Power business is headquartered in Jenbach, Austria.
About GE Power
GE Power is a world energy leader providing equipment, solutions and services across the energy value chain from generation to consumption. Operating in more than 180 countries, our technology produces a third of the world's electricity, equips 90 percent of power transmission utilities worldwide, and our software manages more than forty percent of the word's energy. Through relentless innovation and continuous partnership with our customers, we are developing the energy technologies of the future and improving the power networks we depend on today. For more information please visit www.ge.com/power, and follow GE Power on Twitter and on LinkedIn.
GE (NYSE: GE) is the world's digital industrial company and changes the industry with connected, responsive and predictive software-controlled machines and solutions. GE is organized around a global knowledge sharing system, "GE Store", which allows all business units to access the same technologies, markets, structures and intellectual property and share them with one another. Every invention promotes other innovations and applications across multiple business units. With people, services, technology and scale, GE offers customers better results, as we speak the language of the industry. www.ge.com