Hitachi ABB Power Grid APM

New asset performance management capabilities that connect directly to digital

substations are expected to support all three priorities for the grid: high reliability, low cost and compliance.

However, developing a viable APM solution for the grid requires both significant domain

expertise for these types of assets, as well as an understanding of these assets as a system.

It also requires a thorough understanding of how these assets work together as a system.

Mathematical models based on first principles.

Simulating asset behavior in conjunction with operational statistics is a key approach to creating digital twins.

A digital twin refers to a dynamic digital replica of the actual physical asset

and how it interacts with the larger grid and operators.

A digital twin refers to a dynamic digital replica of an actual physical asset and 

how it interacts with the larger grid and the humans who operate and maintain it.

The digital twin can include the spatial geometry of the asset and its location in the grid,

as well as thermodynamic and electrical behavior.

APM, when applied effectively, can reduce OPEX and CAPEX based on predictive and prescriptive analytics,

resulting in operational cost savings and/or deferring capital investment requirements.

APM can also help utilities achieve compliance as outages are reduced.