The POWER Interview: What Is Big Data?

December 22, 2019
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The post The POWER Interview: What Is Big Data? appeared first on POWER Magazine.

The term “Big Data” is used frequently by tech-savvy power industry professionals, but what does it really mean. To get an insider’s perspective, POWER posed the question to Akshay Patwal, strategic business manager with Siemens Energy. Patwal leads the development and commercialization of digital business transformation projects, using big data platforms and analytics to create data-driven services, so he has a wealth of knowledge on the subject.

Akshay-patwal-siemens-big-data-digital

Akshay Patwal is strategic business manager with Siemens Energy. Courtesy: Siemens

POWER: What does Big Data mean to you?

Patwal: Big data in power generation refers to the large amounts of data being obtained from various sources in the power plant. The magnitude we are looking at here would be in terabytes of data or even more. The big data has the following characteristics:

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Hitachi Exiting MHPS; MHI Will be Venture’s Sole Owner

December 18, 2019
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The post Hitachi Exiting MHPS; MHI Will be Venture’s Sole Owner appeared first on POWER Magazine.

Japanese technology conglomerate Hitachi will withdraw from Mitsubishi Hitachi Power Systems (MHPS), a joint venture it established in 2014 with another power equipment giant, Mitsubishi Heavy Industries (MHI), over a dispute stemming from construction of two massive defect-ridden coal plants in South Africa.

Under a Dec. 18-announced settlement reached by MHI and Hitachi, Hitachi will pay MHI 200 billion yen ($ 1.8 billion) in March, and transfer its 35% stake in MHPS to MHI, which currently holds the remaining 65%. Hitachi will also request the Japanese Commercial Arbitration Association, the entity tasked with deciding the dispute, to immediately stop the progress of arbitration, while MHI will do the same after it receives Hitachi’s payment and shares.

The extent to which the changes will impact MHPS’s operations are unclear. Hitachi suggested it will withdraw completely from management from MHPS, though it will continue to work with MHI on maintenance services of existing thermal power plants.…

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The POWER Interview: New Directions for GE Digital

December 16, 2019
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The post The POWER Interview: New Directions for GE Digital appeared first on POWER Magazine.

In a recent conversation with POWER, GE Digital CEO Pat Byrne discussed why GE made key changes to the lucrative business, streamlining it to focus on four key markets, including electric utilities and power generation. 

(To learn more about how digitalization is transforming the power industry, register now to attend POWER and Chemical Engineering’s upcoming Connected Plant Conference, which will be held Feb. 25–27, in Atlanta, Georgia.)

GE has been at the forefront of the innovation in the energy sector since Thomas Edison formulated the essential requirements for an electrical distribution system and formed the Electric Light Co. in 1878. Leveraging foundational technology changes that have characterized modern history, and driven by material value creation and a sustained competitive advantage, the company has shaped some of the basic machines and components that power plants house today. 

That’s why it is no surprise that by the start of 2010s, the company was already contemplating how the age of industrial internet of things (IIOT) would reshape key markets.…

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