Global technology trends, Big Data and Internet of Things are making the power generation sector more competitive
Seoul, South Korea, September 21, 2016 – ABB, the leading power and automation technology group, hosted a press conference today at POWER-GEN ASIA 2016 in Seoul using the theme, “The power of data - how global technology trends are revolutionizing the power generation industry.”
Technology experts from ABB’s Power Generation unit demonstrated how the intelligent use of data now available in power plants can not only deliver a competitive edge, but provide a solution to current and future challenges in the power industry.
They also shared innovative strategies that show plant owners how to lower risks in their projects, reduce costs and throughput times, and improve asset performance and profitability by the careful collection and analysis of plant and engineering data.
“We believe the success of our power generation customers will be more and more supported by the intelligent use of data generated by ever increasing connectivity of devices. The integration of those data with people expertise and knowledge will create additional services (IoTSP) in a cycle delivering unprecedented knowledge of the behavior and potential of their assets,” said Marco Sanguineti, Head of Technology for ABB’s Power Generation business unit. “The ability of ABB’s Symphony® Plus distributed control system to add customer value by utilizing the data in their systems is the result of our careful analysis of the evolving power generation market, and our customers’ changing needs driven by global mega trends.”
“Asia is a region with many different players in the power generation market,” said Manjay Khazanchi, Head of the Asia Pacific hub of ABB’s Power Generation business unit. “A huge transformation in energy demand is taking place globally, and the focus is now on Asia.”
Over the next two decades, Asia accounts for three-quarter of projected global energy demand, driven by rapid industrialization, population growth and urbanization. “While the world is moving away from coal, Asia’s dependence on it is becoming inevitable,” Mr. Khazanchi said. “Even so, the deployment of clean coal technology will represent more than half of total installed capacity, ensuring higher efficiency and lower emissions from coal generation.”
Repowering, modernizing and upgrading power plants will prolong plant life and increase efficiency, and the emergence of these dynamics in Asian countries opens the door to limitless opportunities for ABB, where a commitment to ‘evolution without obsolescence’ protects customer investments.
Symphony Plus is the latest generation of ABB’s highly successful Symphony family of control systems. With more than 6,700 systems installed in the past 30 years and more than 50 GW of additional power capacity installed during the last five years, much of it in the power generation and water sectors, ABB has one of the largest installed bases of distributed control systems (DCS) in the world.
Thanks to Symphony Plus introduction in 2011, ABB has been recognized by the ARC Advisory Group as the global leader in distributed control systems (DCS) and as the number one positioned supplier of DCS (Distributed Control System) systems in the Power Generation segment.
ABB (www.abb.com) is a leading global technology company in power and automation that enables utility, industry, and transport & infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 135,000 people.
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