Honeywell introduces an AI-powered forge platform for utility optimisation

By OEM Update Editorial May 30, 2024 2:47 pm IST

Honeywell has introduced Honeywell Forge Performance+ for Utilities, a platform designed to help utilities improve their operations and enhance the performance of their current utility grid assets and IT investments.

Honeywell introduced Honeywell Forge Performance+ for Utilities, a ground-breaking platform designed to assist utilities in improving their operations and enhancing the performance of current utility grid assets and IT investments. The integration of utility automation software helps Honeywell match its portfolio with the automation and energy transition megatrends.

The new solution is based on Honeywell Forge, which includes artificial intelligence (AI), machine learning, and digital twin capabilities designed to assist utilities in monitoring assets, identifying root causes, and implementing predictive analytics to become more proactive with grid asset management. Forge Performance+ for Utilities also allows automation processes like demand response and distributed energy resource management, which improve grid reliability and stability.

Hamed Heyhat, President of Honeywell Smart Energy and Thermal Solutions (SETS), said, “Honeywell Forge Performance+ for Utilities is designed to enhance existing systems, providing greater value to utility companies’ investments and supporting a seamless combination of capabilities from various tools into a single, reliable platform.” “Through the power of digitalization, utilities will now have access to more quality data to better serve their customers and assets.”

Most traditional utility distribution grids were designed over a century ago to support highly predictable top-down generation and distribution of energy, water, or gas to consumers, leading to a lack of data or siloed data. Today, utilities face new challenges ranging from interpreting massive amounts of Advanced Metering Infrastructure (AMI) data and grid asset data to managing the accelerating adoption of less predictable Distributed Energy Resources (DERs). These renewable energy sources include solar panels, wind turbines, energy storage systems and electric vehicles.

The new solution is based on Honeywell Forge, which includes artificial intelligence (AI), machine learning, and digital twin capabilities designed to assist utilities in monitoring assets, identifying root causes, and implementing predictive analytics to become more proactive with grid asset management. Forge Performance+ for Utilities also allows automation processes like as demand response and distributed energy resource management, which improve grid reliability and stability.

“The industry needs an innovative solution to help store and digitalize the multiple data streams from complex utility infrastructures around the world,” said Ben Dawson of SECO Energy, a not-for-profit electric cooperative based in Central Florida. “Honeywell Forge Performance+ for Utilities’ ability to receive real-time actionable insights on one connected platform helps utilities better connect with their customers worldwide.”

The revolutionary platform combines, organises, and visualises data from numerous sources in order to speed up analytics processes and transform utility grid data into useful, real-time business and operational insights. It supports a wide range of applications, including those from Honeywell and third-party partners such as SparkMeter.

To learn more about Honeywell Forge Performance+ for Utilities, visit this website.