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Predicting, Diagnosing and Reducing Equipment Failures
One of Europe’s largest integrated electric power companies was looking for analytics solutions to reliably forecast equipment failure and improve condition-based maintenance for its coal-fired power plant. With a diverse array of coal, oil, and gas/CCGT power plants, the utility’s more than 50GW worldwide generating portfolio has been under pressure to streamline global operations and reduce generating costs (both CapEx and operations /maintenance O&M expenses) by 7-10%.
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