GE to transform digital performance in Energy.
The initiatives include collaborations to deploy industrial internet solutions at Masdar, Engro, Powergen, RasGas and Sapphire to unlock $465 billion economic value in Middle East, North Africa, Turkey and Pakistan (MENAT) by 2025 annually.
General Electric (GE) has announced new collaborations and technology centres aimed at driving digital industrial transformation of key sectors, mainly in power, oil and gas and aviation.
The initiatives that include collaborations to deploy industrial internet solutions at Masdar, Engro, Powergen, RasGas and Sapphire could potentially unlock $465 billion economic value in Middle East, North Africa, Turkey and Pakistan (MENAT) by 2025 annually.
Powered by Predix, a cloud-based operating system built exclusively for industry, GE’s Industrial Internet and software solutions offer a 20 percent potential increase in performance.
The company showcased its suite of Industrial Internet applications and software solutions aimed at accelerating business productivity and growth at the first Minds + Machines event in the MENAT region.
GE’s software solutions integrate heavy machinery with big data and analytics to achieve unprecedented levels of efficiency, productivity and profitability. Under new collaborations, Masdar, which is piloting and commercialising sustainable energy-neutral advanced wastewater treatment solutions in the UAE and MENAT region will co-develop with GE Industrial Internet solutions to optimise efficiencies.
Industrial Internet applications are also being deployed to enhance predictive analytics and improve performance at Engro Powergen Qadirpur and Sapphire power plants in Pakistan.
“The MENAT region is among the first globally to embrace the digital industrial economy. Our partners here have recognised the value that Industrial Internet can bring to their business and have begun to implement technologies that have the potential for game-changing growth,” said Jeffrey Immelt, Chairman and CEO of GE.
“The intersection between the physical world of industry and the digital world of software will transform productivity.”
Other GE partners include RasGas Company Limited (RasGas), one of the world’s largest liquefied natural gas (LNG) producers in Qatar, which is marking the first global deployment of Industrial Internet technologies in the LNG sector. This is expected to generate substantial savings through greater asset performance management and operational efficiency.
As part of its focus on localisation and innovation tailored for regional needs, GE’s Monitoring and Diagnostic Centre in Saudi Arabia and the UAE will provide unprecedented insights into turbine operations. The goal is no unplanned downtime, using a predict-and-prevent services model to customers. The centre in UAE is already monitoring 300 gas turbines across the MENAT region.
All GE partners are building their Industrial Internet solutions on the Predix platform. With the support of Predix, GE’s digital power plant solution uses a suite of highly secure hardware and software solutions to digitise the physical electricity system, leading to unprecedented changes in the way electricity is generated, distributed and consumed.