GE Power has signed an agreement with the New York State Power Authority (NYPA) to provide a software to monitor and analyse electricity generating assets across 16 facilities and the electricity transmission network.

The partnership will help speed NYPA’s 5-Year Strategic Vision plan by improving the efficiency, reliability, and cost-effectiveness of facilities across the organisation. It is the first power company in the US to sign such an enterprise-wide digital transformation agreement with GE Power.

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NYPA's president and chief executive officer Gil Quiniones said: “This is a transformative moment in the 85-year history for NYPA and its customers as we reach the next milestone in our digital journey.

"This digital solution platform supports our primary mission to provide customers with low-cost, clean, reliable power with the industry-leading energy infrastructure and services they value."

“This digital solution platform supports our primary mission to provide customers with low-cost, clean, reliable power with the industry-leading energy infrastructure and services they value.”

The collaboration will focus on performance improvement and operating costs of NYPA’s hydroelectric and gas-based electricity generation capability, as well as reducing carbon emissions.

NYPA’s hydropower and low-emitting natural gas plants cater to nearly 15%-20% of the state’s daily electricity output.

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GE Power's chief digital officer Ganesh Bell said: “The digital transformation of electric power has the potential to create more than a trillion dollars of economic and societal value in the next decade.

“NYPA is truly a pioneer, moving first to unleash the value that comes from connecting, monitoring, analysing and ultimately optimising the performance of its entire electricity value network.”

GE Power will be offering NYPA its Asset Performance Management (APM) software, which leverages data analytics to monitor power generation and transmission equipment health to predict potential failures, as well as reduce unexpected downtime and lower operational risks.