Major North American and European Power Producer
With approximately 7.1 GW of clean energy facilities in North America and Europe, the company was challenged by misalignment between the traders and the plant managers causing missed market opportunities. They lacked a clear view of the capacity and output of their wind and solar farms as well as the thermal performance of their natural gas power facilities. Additionally, they were concerned about potential leaks impacting heat rates.
They partnered with GE to build a digital twin and thermal model of their natural gas powered plants as well as designing a forecasting model that would enable traders to bid more capacity into the market.
Operation Optimization informed engineering and operations team on potential leaks and recommended repairs within two weeks of implementation and identified sensors that were wired incorrectly and mislabeled, delivering inaccurate information. After repairs were completed, the plant was able to deliver an additional $30K/day or ~ $2 million in additional capacity. Traders now have visibility into true plant capacity and can more accurately bid into the market and increase profitability.