The Asset Electrical software gives Distribution System Operators (DSOs) a detailed digital view of asset life cycle and data analytics across the enery grid. It allows operators to centralise and organise data regarding the assets base and complete with Nexans’ electrical asset ageing models, building a digital twin of a network. This accurately reflects the entire network and the processes used to manage it, such as related inspections, repair and renewal strategies,
The tool can create and test scenarios on the digital twin baseline to measure the correlation between distribution grid performance indicators and capital expenditures and maintenance costs as well as to analyse risks across all silos historically focused on their individual objectives.
Transmission and distribution utilities could see the most operating and maintenance cost savings from digital transformation, and the Asset Electrical tool is a key part of this move. It allows DSOs to find the balance between network performance, capital or operating expenditures and risk factors, including financial, regulatory, security and environmental aspects.
“Asset Electrical is a great example of our New Nexans strategy that will help the company to go beyond cables and grow in the value chain,” said Jérôme Fournier, Nexans’ Chief Technology Officer. “With this digital solution that builds on our rich expertise in electrical assets’ ageing profile and behavior, we aim to help asset managers optimize their maintenance and renewal strategies in light of the many pressures on the industry we foresee going forward.”
It allows the optimisation of maintenance and renewal policy planning while taking into account all constraints usually handled in silos by different departments, reducing operating expensies via maintenance savings, with negligible impact on grid performance. The system delays or reduces capital expenditure by safely rescheduling investments, giving total cost savings of 10 to 15 per cent.
“In time, our ambition is that the software solution can be used by all electrical asset managers in utilities, as part of the engineering services provided by Nexans.