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GE Launches Industrial Internet Solution to Help Utilities Predict and Prevent Electrical Grid Outages

  GE Launches Industrial Internet Solution to Help Utilities Predict and
  Prevent Electrical Grid Outages

  *GE’s Grid IQ^TM Insight Connects Machines, Data and People to Improve
    Electrical Grid Efficiency
  *Integrates Real-Time Information to Give Utilities Data Never Before
    Available
  *Empowers Utilities to Proactively Respond to Outages—Reducing Costs and
    Improving Customer Satisfaction

Business Wire

SAN DIEGO -- January 29, 2013

Grid IQ^TM Insight, a new power management system from GE Digital Energy’s
(NYSE: GE) Industrial Internet portfolio, is a platform that consolidates data
from a broad mix of sources including existing grid management systems, smart
meters and other intelligent grid power equipment, sensors, weather monitoring
and even unstructured social media content from sources like Facebook or
Twitter. Grid IQ Insight takes the terabytes of data and using advanced
analytics technologies, generates actionable information to predict and
resolve failures and other issues that impact the performance of today’s power
grids.

The Electric Power Research Institute estimates that power outages and power
quality disturbances cost utilities and consumers more than $150 billion
annually and greatly affect the U.S. economy. But what if you could use the
power of social media, combine it with transmission data and fix problems much
faster after they happen?

By consolidating and analyzing real-time data from once disconnected sources,
Grid IQ Insight helps predict and prevent potential problems to the grid by
getting the right information to the right people at the right time. For
example, by using social media updates or smart meter data, Grid IQ Insight
can triangulate the source of the outage and show a utility where to send
their crews faster than traditional systems. It also can help a utility
understand where a potential equipment failure exists allowing it to
proactively address the problem as part of its regular maintenance program
rather than incurring additional costs related to unplanned, emergency
repairs. After Grid IQ Insight gathers input from social media, intelligent
devices and renewable energy sources, it applies analytical intelligence to
model the data and visualize it in brand new ways.

“Our Grid IQ Insight enables utilities to identify system outages quickly via
improved visualization and analysis of their systems, minimizing outage times
and greatly reducing costs associated with extended system outages,” said
Michael Carlson, general manager—software solutions for GE’s Digital Energy
business. “This is a powerful tool that will help utilities predict and
prevent power outages and improve customer satisfaction.”

GE’s Grid IQ Insight, developed as a result of working directly with the
world’s largest utility companies,  is able to provide utilities with crucial
outage prevention and restoration information by monitoring factors such as
social media outlets and weather patterns. It is able to scan mass amounts of
text and images posted to social media websites, such as Facebook and Twitter,
identifying and relaying outage related material to utilities quickly to
minimize service disruptions for consumers. Grid IQ Insight also can analyze
current and historical weather patterns. Using this information, the system
can help utilities anticipate and prepare for severe weather-related service
interruptions.

In addition to its Grid IQ Insight analytical software, GE offers utilities an
advanced grid management system, its Grid IQ “Solutions as a Service” (SaaS),
to help modernize electrical grid systems and meet expanding capacity,
environmental and security needs. This cloud-based package of testing and
consultation services allows appliances, smart meters and utilities to talk to
each other, enabling utilities to efficiently manage the supply of power when
and where it is needed. SaaS also allows for the re-routing of electricity
during an outage, making the grid “self-healing”.

Modernizing the electrical grid is a necessity for utilities to meet
consumers’ ever-increasing demands for efficient, uninterrupted power.
According to a 2011 survey by the U.S. Energy Information Administration,
there are more than 37 million smart meters installed and operating across the
country.  GE’s Grid IQ Insight is able to monitor and analyze usage data from
these meters to help utilities understand and visualize electrical consumption
patterns. It also can identify electrical theft occurring in the network. All
of this information leads to improved servicing of transformers, which can
prevent repair related outages in the event of a system failure.

In addition, Grid IQ Insight provides informative data to those using solar
installations. Solar energy installations have increased 116 percent
year-to-year. However, many utilities have no way of tracking the amount of
distributed energy generated on a daily basis by these installations. The Grid
IQ solution combines solar interconnection, weather and meter data to generate
an accurate figure of how much energy has been generated each day. This not
only enables utilities to visualize the effect on network reliability that
integrated solar energy has on the electrical grid, but also provides
customers with insight as to how much money solar power is saving them on a
daily basis.

GE’s Digital Energy business is a global leader in protection and control,
communications, power sensing and power quality solutions. Its products and
services increase the reliability of electrical power networks and critical
equipment for utility, industrial and large commercial customers. From
protecting and optimizing assets such as generators, transmission lines and
motors, to ensuring secure wireless data transmission and providing
uninterruptible power, GE’s Digital Energy business delivers industry-leading
technologies to solve the unique challenges of each customer. For more
information, visit http://www.gedigitalenergy.com.

This announcement was made at the DistribuTECH 2013 trade show, which runs
from January 29-31. For additional information on GE announcements, please
visit the GE Digital Energy Press Room.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com.

Follow GE Energy Management and its Digital Energy business on Twitter
@GE_EnergyMgmt and @YourSmartGrid.

Contact:

GE
Digital Energy
Ellen Dowell, +1 678-742-1529
ellen.dowell@ge.com
or
Masto Public Relations
Matt Falso or Howard Masto
+1 518-786-6488
matt.falso@mastopr.com
howard.masto@ge.com
 
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