Ventyx Introduces First Comprehensive Outage Lifecycle Management Solution to
Help Utilities Reduce Economic and Societal Impact of Major Storm Outages
Leading U.S. energy companies share expertise and best practices for
pioneering new solution that will minimize frequency and duration of power
outages with growing number of extreme weather events worldwide
SAN FRANCISCO, June 12, 2013
SAN FRANCISCO, June 12, 2013 /PRNewswire/ --Ventyx World 2013 -- Ventyx, an
ABB company, today announced from its Ventyx World 2013 customer conference
the first complete solution for outage lifecycle management to help utilities
more effectively manage the end-to-end process for minimizing the impact of
major storm outages on customers. The Ventyx Outage Lifecycle Management is
the only unified solution that addresses every key business process in the
outage management lifecycle – from planning and preparation, to communications
with customers, through to final restoration of service and regulatory
Many utilities have decades of experience in delivering power reliably.
However, today they are faced with unprecedented challenges, including growing
energy demand, aging infrastructures and workforces, new regulatory
requirements and growing customer-service expectations.
Significant changes in global climate conditions have also resulted in extreme
weather events around the world – including hurricanes, droughts, bush fires
and flooding – resulting in both short-term and long-term power outages. In
fact, a recent study by the U.S. Congressional Research Service estimated the
economic impact from storm-related outages to the U.S. economy at between $20
billion and $55 billion annually. The study also suggested that outages due to
weather-related events will continue to increase.
The Ventyx Outage Lifecycle Management Solution is being developed with
strategic guidance by leading utility companies, such as Ventyx customer DTE
Energy. As part of DTE Energy's innovative smart grid program, the
Detroit-based utility is working to further improve fault detection, outage
management and asset maintenance through the deployment of Ventyx software.
Following the initial success of these initiatives, Ventyx is now leveraging
this knowledge and expertise to deliver a single, integrated solution that
will help other utilities to easily implement a platform for the management of
the entire outage lifecycle.
"We understand the significant impact of unplanned outages on our customers
and their communities, and are fully committed to reducing both the frequency
and duration of these events.We continuously seek ways to deliver the highest
level of service reliability our customers expect, and key to achieving this
goal is constantly improving our process for outage lifecycle management
across all key phases," said Vincent G. Dow, Vice President and Chief
Engineer, Distribution at DTE Energy. "We've been working closely with Ventyx
to implement such a solution, and are proud to help guide the development of
this innovative new offering."
Added Rick Nicholson, vice president, transmission and distribution solutions
at Ventyx, "The global community has been hit hard by a growing number of
extreme weather events, which are causing utilities to rethink the way they
handle major outages. To deliver the 'always on' service levels that customers
expect, utilities must transform their outage lifecycle process using newer
technologies, including advanced analytics and mobility. Together with ABB,
Ventyx is committed to helping our customers meet this challenge head on. With
the support of customers like DTE Energy, we can help utilities to lessen the
significant impact of these events worldwide."
Taking place this week, the Ventyx World 2013 customer conference in San
Francisco is the first annual gathering of the global Ventyx customer
community to share best practices in asset-intensive industries for minimizing
risk, maximizing efficiency and driving bottom-line results. For more
information, please visit http://www.ventyxworld.com.
Ventyx, an ABB company, is a world-leading supplier of Industrial Enterprise
Software for essential industries such as energy, mining and public
infrastructure. Ventyx solutions bridge the gap between information
technologies (IT) and operational technologies (OT), enabling clients to make
faster, better-informed decisions in both daily operations and long-term
planning strategies. Some of the world's largest organizations rely on Ventyx
solutions to minimize risk, enhance operational and financial performance, and
execute the right strategies for the future. For more details, see
Contact: Gary Frazier, Ventyx, an ABB company, +1 678.825.1452,
email@example.com; or Neil Torres, Blanc & Otus, Desk: +1
415.856.5140, Mobile: +1 415.948.6345, firstname.lastname@example.org
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