Smart Asset Optimization

Smart Asset Optimization at all levels of Power Generation--Plant, Portfolio, Enterprise

Evolving market conditions and increasing renewable integration has dramatically changed the operation of power plants. In a Smarter Grid, power plants have to be operated optimally with higher reliability and greater flexibility to counter the variable nature of renewable generation.

Intertek’s Asset Management solutions for Power Generation Equipment can prepare utilities, merchant power generators, as well as power traders to use “real time” operation cost to optimize their portfolios in all bilateral energy markets. Optimizing power plant dispatch with real time operation cost can directly affect your bottom line.

With over 25 years of power plant operations and cycling cost experience and a suite of software solutions, we are best prepared to help you maximize your profits and minimize your risks.

Professional Services

• Cost of cycling power plants
• Reduce O&M costs; operational run/repair/replace decisions
• Renewable integration “Cost” determination and mitigation analysis (Equipment Design Modification, Smart Grid-Demand Response, etc)

Software Solutions

• Cycling Advisor & Loads Model - Unit commitment model for optimal dispatch
• COSTCOM - Real time power plant cost analysis at plant
• ELOP - Equipment management database at plant

Cycling Advisor™
Portfolio Dispatch Model

• Utilities spend significant resources to determine the cost of cycling in their units. Once this investment is made, it is important that utilities use these results to reduce future system costs.
• One step is to improve system dispatch and operations planning. Cycling Advisor addresses this need.
• The Intertek Cycling Advisor program is used on a daily or weekly basis to provide guidance on optimal dispatch schedules including wear-and-tear costs. The dispatch schedules are used independently or input to traditional dispatch models to submit bids to ISO/RTO

COSTCOM™ and Operation Costs
Power Plant Operating Cost at the Plant

• COSTCOM is a Windows™-based automated plant damage and cost monitoring software that is designed to be easily added to the current generation of power plant data acquisition and control systems (DACS).
• COSTCOM computes plant wide damage accumulation rates and dollar costs for specific types of base load and cycling operation.
• This is done by drawing real-time measurements from the DACS system and computing actual stress increases and damage accumulation.
• This approach draws on Intertek's cost of cycling analysis that derives dollar costs for defined load transients.
• COSTCOM is a valuable tool to train operators and traders to operate the power plants efficiently and optimally including the present and expected costs of cycling.

Equipment Life Optimization Program
Equipment Management Database at the Plant

• The Equipment Life Optimization Program (ELOP) helps owners and managers effectively address asset management problems while meeting market or contract reliability needs.
• Intertek staff teams with your in-house maintenance managers in the full assessment of your critical equipment – from initial condition assessment, condition and operation database development, economic decision analysis, plan and budget reports, inspection planning and implementation, to on-going outage and problem solving support. 
  
   

Contact us to see how Intertek can help your organization with Smart Asset Optimization.