Analytics For Generation Assets Progress & the Future Rudy Shankar, Professor UNC Charlotte Michael Reid, General Manager, Duke Energy Neva Espinoza, Director, Electric Power research Institute Presented at: The Analytics Frontier Conference The Data Science Initiative. UNC Charlotte Ritz-Carlton Hotel Charlotte March 30, 2016
The Utility Industry Most utilities are regulated; “Least Cost” approach Service territory well defined and the rate they charge is captured in the “rate base” Approved by a Public Service Commission Least cost goals are met by keeping operation and maintenance costs Capital intensive components need to be carefully monitored Incipient failures be detected in ample time to take action
Transformation of the Power System What will be the pace of change? Courtesy:EPRI
Publications “Embracing Disruption- Developing Leadership Role for Utilities”. Public Utilities Fortnightly. January “Correlation Processing– Big Data in Action”. Public Utilities Fortnightly. February “Wireless Sensor Networks- Equipment Health Monitoring for the Modern Utility”. Public Utilities Fortnightly. July 2014
Generation Asset Monitoring Average Benefits Global Capacity under Fleet Wide Monitoring Average Investment at a typical 10 GW fleet Average Payback Period