Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced the launch of its intelligent power plant solution, TCS IP2, to help power generating utilities digitally transform their operations and gain a competitive edge in the dynamic power market. The solution will support critical plant assets for uninterrupted power generation, improve operational efficiency, and minimize emissions.
The increasing share of decentralized renewable power generation sources and the fluctuating structural needs of generation, transmission and distribution are creating challenges for power plants in their price competitiveness, operational flexibility, and compliance with ever tightening emission standards.
TCS IP2 is an intelligent digital solution that leverages the Business 4.0™ thought leadership framework and artificial intelligence (AI), Internet of Things (IoT), and digital twin technologies, to optimize the performance of power plants that are operating at full and even partial load conditions. The solution, which can be on the cloud or on-premise, uses inputs from sensors in utility control systems and advanced, proprietary industrial analytics developed by TCS to provide real-time insights on assets such as boilers, turbines, and generators, working within the constraints of the existing equipment and systems.
These insights will help plant operators predict and preempt failures, optimize operations, lower fuel consumption, and cut emissions. TCS IP2 can reduce operational and maintenance costs by up to 2 to 3 percent. An early version of the solution has helped a power plant save upwards of $1.5 million per gigawatt per year.
"Innovative digital technologies are enabling opportunities to completely transform operations across the power sector," said Regu Ayyaswamy, Vice President and Global Head, IoT and Engineering Services, TCS. "We have uniquely combined utilities' domain requirements with state of the art digital technologies to develop this solution. IP2 uses data science and physics-based AI and IoT analytical models and frameworks to improve the entire power generation ecosystem, increase sustainability, and deliver exponential value and enhanced customer experience."
"TCS IP2 is an excellent example of how new technologies, like digital twin and AI, can support critical plant assets that now are operated in ways that were never anticipated when these plants and their support systems were designed," said Harry Forbes, Research Director, ARC Advisory Group.
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