Minimize your risk – with successful Asset Risk Management
As a power plant operator, you know how highly complex the processes of your plants are. But are you able to assess the various risks to which your plants are exposed at any time so that you can always make the right decisions? Forward-looking decisions that ensure you a higher yield, for example by avoiding costly downtime.
Nowadays power plants need bespoke and well-crafted strategies to optimize the potential of their assets, now and in the future. Discover the right strategic approach for your assets and markets to help deliver your targets and maximize return on investment.
Five risk types to be considered
Take a closer look at these five defined risk types, which can be expanded and customized. They are based on safety, environmental, regulatory, cost and reputational aspects. We help you improve your performance in all of these areas with intelligent, risk management solutions tailored to your needs.
Safety
e.g. explosion of a current transformer with somebody walking next to it
Environmental
e.g. oil spillage into river due to bad blade
Regulatory
e.g. exceeding permit limits by multifunctioning SCR
Cost
e.g. loss of production due to failure of gear box in wind park
Reputational
e.g. inability to supply heat to customers/risk of protesters or bad news
With substantial data for sustainable growth
Today, power plant operators all over the world benefit from our digitalized historical empirical values. Because over the many years that we have owned and operated our own plants, we have created a database of risk management standards covering how we manage risk across technologies.
Now we share this knowledge worldwide in different countries to improve the safety and performance of their assets. This library is available through the Enerlytics platform and is invaluable for operating and managing a fleet. Substantial Risk Management Standards ensure that risk management undertaken by engineers adheres to best practice standards, so that you can better identify and assess hazards and potential outages and decide how to develop risk management strategies to ensure the safety of your assets – and achieve a higher return on investment.
How can your organization benefit from Enerlytics?
Consistent asset risk management enables you to develop and track a structured risk strategy for your business. The risk management functions of the Enerlytics platform developed with industry experts are comprehensive, structured and user tested. And this regardless of the size of your organization, because all applications are scalable to your requirements.
As an operator, you always act responsibly and secure or protect your assets and earnings as well as the well-being of your employees. You also document risk management practices and demonstrate compliance.
Furthermore, you prioritize and justify required activities and necessary expenditures. This leads to a better understanding of their plant by owners and staff and reduces insurance costs.
Five risk types to be considered
Take a closer look at these five defined risk types, which can be expanded and customized. They are based on safety, environmental, regulatory, cost and reputational aspects. We help you improve your performance in all of these areas with intelligent, risk management solutions tailored to your needs.
Enerlytics is an innovative software solution that helps you make the most of your data and increase your plant’s efficiency from day one – designed by power plant operators and owners for power plant operators and owners.
Once integrated in your plant’s system, the software starts collecting all the relevant data. From this data, it automatically generates actionable insights that will help you optimize the plant’s energy production.
The predictive maintenance hub is one of the underlying key technologies within Enerlytics, helping plant operators to monitor everything that is going on.
It enables you to easily compare processes (e.g. start-up and load change), identifying currently running regimes and how they can be improved for maximum efficiency and consistency – always keeping the complete picture in mind.
On top of that, the software recognizes possible problems within the energy production process early on – enabling you to take preventive action before any damage is done.
From our own experience in working with the predictive maintenance hub at Uniper, we’ve found that 35% of unplanned unavailability events are avoidable through timely intervention in line with the recommendations found by the software.
Safety
e.g. explosion of a current transformer with somebody walking next to it
Environmental
e.g. oil spillage into river due to bad blade
Regulatory
e.g. exceeding permit limits by multifunctioning SCR
Cost
e.g. loss of production due to failure of gear box in wind park
Reputational
e.g. inability to supply heat to customers/risk of protesters or bad news
The process at a glance
The basis of our successful risk management is a process that has been tried and tested hundreds of times worldwide. The result is a clearly ranked risk and opportunity list by plant / fleet level allowing the business to clearly identify the level of funding required to achieve a certain risk level and conversely to understand the risk level and investments that will not be made for a certain budget.
We are your partner in digital transformation
Backed by 100 years of experience as plant owners and operators, not only have we gained extensive expertise within the energy sector, but we’ve also gathered data from our own diverse range of assets. This makes for a valuable data set that underlines our product, Enerlytics, and also makes us a truly reliable partner who can help you transform your business, providing both guidance and active support.
There are four key elements to any opportunity and risk assessment process we recommend:
- Understand asset condition including the risks and opportunities, taking into account the risk appetite of the senior leadership.
- Assess process safety and risks for your current operating scenario and potential operational changes.
- Improve operational efficiency and effectiveness to optimize your Operations & Maintenance set-up.
- Plan ahead and optimize investment with a clearly ranked list of risks and opportunities at plant and fleet level.
Protecting assets through proven risk management
Rely on our many years of know-how and minimize the risks involved in operating your power plant. Make forward-looking decisions based on system-relevant data and ensure smooth processes and higher yields.
Maintenance strategies to optimize your assets
Benefit from OEM-independent maintenance solutions bespoke to your project – based on the actual condition of your assets and your operational priorities.
Take a look at how we can help you to reduce maintenance spend with risk based maintenance scoping and challenging of planned measures.
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Enerlytics - Smart tools for asset management
Digitization isn’t just a buzzword, it’s a key enabler for improving plant performance, managing risks, reducing costs and benefiting from operational changes.
Find out more about our digital Enerlytics platform and how we can support asset management across your project or portfolio.
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With Enerlytics, you’re never more than a few clicks away from the complete picture. The digital tool enables risk based asset management so you can optimize your maintenance spend.
