Voith Hydro says it has entered into a pilot phase of cooperation with Austrian company HYDROGRID, which offers a fully automated “Software as a Service” (SaaS) solution for optimal real-time operation and dispatch of hydropower plants.
HYDROGRID Insight uses meteorological data and self-learning algorithms to predict hydropower inflows and optimize water management while ensuring operational restrictions are obeyed. Additionally, the software automatically positions hydropower plants in the power markets in an optimal way to increase profitability. By using the software, hydropower operators in Norway, Sweden, Finland, UK and Turkey benefit from up to 18% additional revenues and 20 hours less operational effort per week.
In combination with Voith’s HyCon Automation and digital “Intelligent Hydropower” solutions, these effects can be further enhanced through an optimal integration of products along the entire value chain, Voith said.
Up to now, existing solutions focused mainly on long-term maintenance cost reductions and safe plant operation. Together with the information on short-term impacts on power generation delivered by HYDROGRID, both companies will maximize insights for operators, supporting them in their daily business. This two-dimensional approach of taking into account the assets’ health status and, at the same time, the operational conditions and constraints is unique in the industry, according to a press release.
“With this new digital product offering, Voith is once again showing market leadership by proactively addressing the needs of hydro producers as the industry is going through rapid changes – we are excited to see how our processes and bottom line can be enhanced with the help of AI,” said Simone Canteri, chief executive officer of Italian energy producer Primiero Energia.
Over the past six months, the parties have validated the strong demand for a joint offering of digital products in selected European markets, with the first contracts already signed in Italy and numerous requests-for-offer in progress. As a next step, Voith and HYDROGRID are looking to expand the joint market roll-out in further selected countries and to offer clients optimally integrated, cutting-edge digital solutions along the entire value chain.
“Joining our efforts with Voith Hydro offers us market access on a global level and is thereby supporting our vision to achieve smart plant operation for operators worldwide even faster. So far, we already saw a very successful roll-out of our product in Europe, and we look forward to taking the next steps towards intelligent hydropower around the globe,” reports Janice Goodenough, CEO of HYDROGRID.
The Voith Group is a global technology company in the markets for energy, oil and gas, paper, raw materials and transport and automotive. The Group Division Voith Hydro is a full-line supplier and partner for equipping hydropower plants.