GE’s Digital Energy business is collaborating with Meridium, a provider of asset management optimization software, to strengthen GE’s grid and asset management optimization offering. GE and Meridium will provide customers with an asset management optimization solution to help identify and address challenges in their networks before they become problems.
Together, the companies will help utility customers reduce outage frequencies and cut the time required to make repairs when outages do occur. The proactive approach to asset management optimization enables utilities to provide reliable service to their customers while also allowing utilities to make better use of capital expenditures.
Meridium, maker of the Asset Performance Management (APM) system—a software suite that combines historical and dynamic asset health information with criticality—will infuse its data collection and distribution capabilities with GE’s offering of distribution management software. Integrating Meridium’s APM capabilities with GE’s Smallworld Electric and Gas Distribution Office solutions will provide utilities with a complete understanding of the health and functionality of their distribution networks.
In addition, the technological capabilities of the two companies will allow utility operators and maintenance personnel to view their entire distribution network and assets. Displayed in a geographic map view, Meridium and GE will provide utilities with asset health and condition information in an intuitive visual interface. This provides improved network and asset management optimization by displaying system age, criticality and current conditions—all of which influence maintenance and repair strategies.