Grid Asset Management 2019 Blog

Grid Asset Management 2019 Blog

Very Early Bird rate expires this Friday

Just a quick reminder that the Very Early Bird rate for the Grid Asset Management 2019 conference, exhibition and networking forum expires this Friday.

To save €400 on delegate places and €2000 on exhibition spaces, please visit the registration page by midnight on Friday!

Benefits of attendance include:

  • Case-study Driven Programme – Hear key insights and lessons learnt from a host of cutting-edge smart grid asset management projects focussing on digitalization, asset information management, predictive maintenance and more.
  • Digital Twin Tutorial – Find out the necessary steps and best-practises to build a working Digital Twin of your grid and equip your asset management department with an advanced single-source-of-truth.
  • Networking & Technical Discussions – With an evening networking reception, roundtable technical discussions and a lively exhibition area, there’s no shortage of chances to forge new connections and get to the heart of the issue with your fellow smart grid asset management professionals.
  • Technology Scouting – With a focussed exhibition area showcasing 10+ key suppliers and live demo labs to get your hands on the latest technology, this is an unmissable chance to find out about the latest and greatest asset management solutions on the market.

Hear from smart grid asset managers pioneering new data-driven methods:

  • David Ringmar, Director Network Strategy & Development, Vattenfall
  • Christian Schorn, Director Asset Management & Operations, TransnetBW
  • Erica Niemi, Head of Asset Management Strategy and Support, Svenska Kraftnät
  • Ricardo Prata, Subdirector Assets & Data Analysis Unit, EDP Distribuição
  • Matt Webb, Head of Asset Information, UK Power Networks
  • Christian Schroeder, Manager Smart Assets, E.ON

Register today!

To find out how you can participate as a Delegate, Exhibitor or Sponsor:

Call:       +44 (0)20 3691 1700
Email:    registration@smartgrid-forums.com
Visit:      Grid Asset Management 2019


Demand Response Case Study from ELES and EIMV

Demand response is being touted as one of the most effective ways in which grid utilisation can be optimised to improve flexibility and reduce the need for reinforcement, and utilities across the globe are now putting in place the frameworks and technology necessary to achieve this.

However, to effectively plan for future consumption patterns, asset managers must have a strong handle on the effects that schemes such as demand response will have and where in the network they are most effectively deployed.

The Slovenian-Japanese NEDO Project, a three-year smart technology collaboration between the Slovenian TSO, ELES, and the Japanese New Energy and Industrial Technology Development Organisation, examines this question in depth. At Grid Asset Management 2019, we will be joined by Uroš Kerin from ELES and Miha Grabner from Milan Vidmar Electric Power Research Institute, who have been working closely on this project. We caught up with them this week and they shared some insights ahead of their presentation at the conference:

“Demand response programmes can optimise electricity markets in the short-term, leading to economic benefits for both the customers and the utility. Additionally, it is possible to reduce overall plant and capital cost investments and postpone the need for network reinforcements.

Our presentation will show how to leverage the use of advanced statistical data visualisation techniques and machine learning methods to gain better insights into the network’s operating states. This facilitates selection of the most appropriate network for demand response system integration. We will present the procedure for assessing future demand response programmes in a network with high integration of photovoltaic plants. By using scenario-based probabilistic load forecasting, the load probability distributions are calculated for future grid conditions. The results derived from probabilistic forecasts are used for assessing the future demand response activation time intervals.

Next, we will present how to perform consumer segmentation from smart metering data through clustering analysis. Finally, we will present how to use state of the art baseline models for assessing the response of consumers in a demand response program.

The presented analyses were carried out as a part of the real demand response project in the scope of Slovenian-Japanese NEDO project.”

Uroš and Miha’s presentation will be one of 16+ cutting-edge utility case-studies from the frontlines of smart grid asset management. Join them and a host of other industry leaders and experts at Grid Asset Management 2019 to gather the crucial tools and knowledge necessary to level-up your asset management function.

Register today!

To find out how you can participate as a Delegate, Exhibitor or Sponsor:

Call:       +44 (0)20 3691 1700
Email:    registration@smartgrid-forums.com
Visit:      Grid Asset Management 2019


Quantitative Risk Management Case Study from Ofgem & SP Energy Networks

Risk has always been the foundation of utility investment decision-making, but the way that utilities assess risk must fundamentally change. Traditional, qualitative risk assessment methods, such as risk matrices, can no longer keep up with the pace of change and increasing complexity of the energy system.

Instead, utilities must support their investment decisions with quantitative risk management methods, centralising expertise from across their operations into a consistent, numerical framework that accurately captures the risk posed by all kinds of asset failure to all kinds of stakeholder. Through the combination of condition, utilisation, reliability and demand data, risks can be quantified in financial terms and investment budgets can target the assets posing the highest total risk, deferring investment in lower risk assets and optimising the long-term budget.

The regulator in Great Britain, Ofgem, has been championing this cause, developing a coherent quantitative risk management methodology that all network owners can implement, ensuring consistent and effective investment decision-making across Great Britain’s electrical networks.

At this year’s Grid Asset Management 2019 conference, Ofgem will be presenting alongside SP Energy Networks, who have been implementing the methodology for their transmission assets. This week we caught up with Neill Guha, Senior Manager of Costs & Outputs at Ofgem and Craig McTaggart, RIIO-T2 Investment Manager at SP Energy Networks who gave us a sneak preview ahead of their presentation:

“In Great Britain, significant proportions of the electricity transmission asset base are approaching the end of their design lives and it has become necessary to establish a new approach to investment planning to optimise the management of the network on an economic basis. The GB regulator, Ofgem, has been working with the Transmission Owners (TOs) to develop a monetised risk framework for the major assets. This framework provides a consistent measure of the risk of asset failure and allows the network owners to plan and prioritise their investments, to demonstrate that their plans appropriately manage network risk and help ensure that their investments provide value for money for GB consumers.

The framework applies a common methodology of using asset health data to derive a probability of failure and assesses the consequences of failure in monetary terms. Applying the methodology allows TOs understand the risk of individual assets and to generate a picture of the overall network risk.  This enables them to identify necessary interventions and to prioritise investments.

The framework is currently being applied by transmission network companies to produce their plans for the next regulatory period, RIIO-T2, and we look forward to providing views from both the utility and the regulator on the creation of a long-term investment plan and its assessment.”

Neill and Craig’s presentation will be one of 14+ cutting-edge utility case-studies from the frontlines of smart grid asset management. Join them and a host of other industry leaders and experts at Grid Asset Management 2019 to gather the crucial tools and knowledge necessary to level-up your asset management function.

Register today!

To find out how you can participate as a Delegate, Exhibitor or Sponsor:

Call:       +44 (0)20 3691 1700
Email:    registration@smartgrid-forums.com
Visit:      Grid Asset Management 2019


Change Management at Svenska Kraftnät

Digitalization presents a huge opportunity for utility asset management departments to become more efficient, improve investment outcomes and extend asset lifecycles. But despite a move to a more data-driven way of working, it is ultimately still the employees who are in charge of administering the tools and systems, extracting insights from asset data and making digitalization really work on a departmental level.

It is therefore of key importance to place new skills development at the heart of asset management departmental transition, adjusting organizational structures to better suit new process flows and ensuring clear communication channels between senior and junior members of staff.

This week we caught up with Erica Niemi, Head of Asset Management Strategy and Support at Svenska Kraftnät, who has been championing this cause at Sweden’s TSO, and will be sharing their lessons learnt at Grid Asset Management 2019. Erica explained:

“Svenska Kraftnät is a governmental agency owning and operating the high voltage transmission lines, cables and substations in Sweden. These assets deliver value to the electricity market and their performance is critical in ensuring affordable electricity prices and security of supply for Swedish consumers. Achieving vertical alignment between political and corporate objectives and asset management strategy is a key part of this and in an increasingly digital world, IT systems play a huge role in making this alignment possible. Accordingly, we have spent the last four years developing our organization to increase harmony between the management of IT and OT asset management systems. 

At the beginning of this journey, IT and asset management were separate functions with little insight into each other’s needs. This resulted in a great deal of inefficiency: separate solutions being created for separate parts of the asset management department, a wide range of support contracts and a general lack of prioritization based on value creation. At the same time, the asset management department was realizing the potential of data-driven decisions; defining a risk-based asset management strategy and linking it with corporate goals related to electricity prices and environmental impact.

Over the course of these four years, we have developed close collaboration between asset management and IT. We have introduced agile teams with asset AND IT competences, and the change processes are similarly run by agile mini teams. Decisions on prioritization are now far simpler for the lower levels of the organization, as objectives are clearly defined and there is a standardized method for prioritization based on value-creation parameters.

Overall, we have achieved strong alignment to corporate goals at all levels, including IT system developers. This has increased the efficiency of our organization, ensuring the right IT support for advanced risk-based asset management.

Join me at Grid Asset Management 2019, where I’ll be sharing the key insights and lessons learnt from this journey as well as the tangible business benefits we have delivered.”

Erica’s presentation will be one of 14+ cutting-edge utility case-studies from the frontlines of smart grid asset management. Join her and a host of other industry leaders and experts at Grid Asset Management 2019 to gather the crucial tools and knowledge necessary to level-up your asset management function.

Register today!

To find out how you can participate as a Delegate, Exhibitor or Sponsor:

Call:       +44 (0)20 3691 1700
Email:    registration@smartgrid-forums.com
Visit:      https://www.smartgrid-forums.com/forums/grid-asset-management-2019/


How UK Power Networks are moving towards asset information management excellence

Data is establishing itself as a key pillar of asset management decision-making, making effective data management crucial for long-term success. Asset managers are keen to extract actionable insights from data, but without fast and reliable access to the appropriate range of data sources as well as confidence in the quality of the data itself, the process is laborious and the strength of the conclusions is weak.

Across Europe, smart utilities are searching for the leading data management practises and governance principles that will support their asset management decision-making with dependable access to consistent and accurate data. At this year’s Grid Asset Management 2019 conference, we are joined by Matt Webb, UK Power Networks’ Head of Asset Information, who will be presenting about their extensive work in this domain.

We caught up with him this week, and he was able to give us some more insight into his presentation:

“At UK Power Networks, our focus has been on establishing effective and proportionate core data management practises across our business. We possess vast amounts of data accumulated throughout the lifetime of our network that we need to continually develop and enhance in order to meet present day needs. In an increasingly digital industry, strengthening governance controls and increasing our utilisation of these data assets is therefore a key strategic priority.

To obtain a robust, repeatable and scalable approach to how we manage data, we are in the process of applying asset management principles to our data assets. This means understanding what data we have and what data we need, as well as evaluating the relative importance, value and risk of those data assets. Data ownership, data quality and effective technical practises must also be carefully defined to ensure robust control and long-term consistency in our data management activities.

At Grid Asset Management 2019, I will be sharing key insights and lessons-learnt from our journey towards asset information management excellence and demonstrating how best-in-class data management practises can deliver significant improvements to asset management decision-making and outcomes.”

Matt’s presentation will be one of 14+ cutting-edge utility case-studies from the frontlines of smart grid asset management. Join him and a host of other industry leaders and experts at Grid Asset Management 2019 to gather the crucial tools and knowledge necessary to level-up your asset management function.

Register today!

To find out how you can participate as a Delegate, Exhibitor or Sponsor:

Call:      +44 (0)20 3691 1700
Email:   registration@smartgrid-forums.com
Visit:     https://www.smartgrid-forums.com/grid-asset-management

We look forward to welcoming you to the event in May 2019!


Investment Planning Case Study from EDP Distribuição

Smart utilities are responsible for the maintenance and replacement of an increasing number of critical assets spread across thousands of kilometres of network. Making the right investment decisions has always been an enormous challenge but in the age of the smart grid, the stakes are higher than ever before.

Uncertainty about changes to consumption patterns and load profiles brought on by the energy transition is producing a vast number of possible scenarios that investment planners must consider. To ensure the long-term stability of the grid in the face of this increased complexity, asset management teams must deploy more sophisticated investment planning methods, incorporating data from across the business into advanced models that accurately forecast a range of future grid conditions.

At Grid Asset Management 2019 Ricardo Prata, Subdirector Assets & Data Analysis Unit at EDP Distribuição in Portugal, will be sharing how they are optimizing their investment budgets through the development of next-generation investment planning tools and methods. This week we caught up with Ricardo for a sneak preview of his presentation, and he explained:

“The context for asset strategic investment planning is changing. Technological evolution, allowing for ever increasing data gathering, is enabling the development of better asset condition and network planning methodologies. These methodologies have to address challenges associated with increased uncertainty on load flows due to ever increasing volumes of embedded renewable generation and optimize asset replacement on ageing infrastructures. Furthermore, the evolving regulatory framework increases the need for network operators to demonstrate that their investment plans include the most efficient projects that respond to multiple objectives. 

At EDP Distribuição we are developing advanced modelling tools and risk-based methodologies that benefit from telemetered data gathered at consumption and production points, and also at primary and secondary substations. These probabilistic methodologies were integrated in the network planning software simulating the network, allowing the use of probabilistic methodologies in network development studies. EDP Distribuição is also collaborating with academic institutions in the development of data-based methodologies, either for network analysis and for asset condition assessment. These methodologies improve the risk assessment of investment decisions, improving the optimization of investment plans and maximizing the value accrued through new investments.

At Grid Asset Management 2019 I look forward to sharing our experience in developing these advanced tools, the results we have achieved in applying them to our asset management environment, and our roadmap for further enhancing and fully leveraging these.”

Ricardo’s will be one of 14+ cutting-edge utility case-studies from the frontlines of smart grid asset management. Join him and a host of other industry leaders and experts at Grid Asset Management 2019 and acquire the crucial tools and knowledge necessary to level-up your asset management function.

Register today!

To find out how you can participate as a Delegate, Exhibitor or Sponsor:

Call:      +44 (0)20 3691 1700
Email:   registration@smartgrid-forums.com
Visit:     https://www.smartgrid-forums.com/grid-asset-management

We look forward to welcoming you to the event in May 2019!


Registration is now live

Registration is now live for Grid Asset Management 2019, the only conference, exhibition and networking forum designed to meet the information needs of smart grid asset managers specifically. This is a great opportunity for you to meet with 120+ smart grid asset managers to review 20+ implementation focused asset management digitalisation case studies, benchmark your own roadmap, and assess the potential new asset management platforms and tools to drive the efficiency of your department to the next level.

Addressing the modern-day complexities of digitalisation, strategic investment planning, predictive maintenance and more, this comprehensive programme will equip your entire asset management team with the strategic, operational and technical insights you need to level-up your digital asset management capabilities, optimise your investment budgets and reduce lifecycle costs across your entire asset portfolio.

In-depth discussions include:

  • Digitalisation Roadmaps – developing an implementation plan that delivers next generation digital asset management capability at minimal cost and disruption to daily operations
  • Change Management – empowering teams to adopt new asset management processes and practices to ensure long term departmental success in a data-driven environment
  • Strategic Investment Planning – leveraging advanced modelling tools and quantitative risk management frameworks to maximise asset lifecycles and optimise investment budgets
  • Digital Operations – digitalising field-forces and back-office processes to reduce OPEX and facilitate centralised and standardised decision-making
  • Online Condition-Monitoring – rolling-out affordable condition-monitoring solutions across networks to support advanced, real-time predictive maintenance based on accurate asset health data
  • Technology Innovations – evaluating the potential of UAVs, AR and Digital Twin to transform asset management planning & operations

7 great reasons to attend

  1. Smart Grid Specific Content – this is the only asset management conference aimed specifically at the smart grid sector. Speakers will be presenting real case-studies from the TSO and DSO environment, providing you with highly relevant insights that bridge the gap between the technical and commercial and deliver practical advice that you can implement right away
  2. Utility-heavy speaker line-up – with most presentations being delivered by TSOs and DSOs (20+ utility case-studies scheduled over 3 days) you will gain a deep understanding of the real-world application of smart grid technologies rather than simply stop at their potential benefits
  3. Focused networking – the conference will attract a very specific and focused audience making networking more relevant and impactful. You will meet the same group of people repeatedly over 3 days, deepen your connections onsite, and ease post-event follow up
  4. Digital Twin Tutorial – during this 90-minute interactive tutorial, you will get to grips with the ins-and-outs of achieving a digital twin of your network. Hear about the opportunities and how you can overcome the challenges of implementing this exciting new technology and have all your questions answered experts with hands-on experience of developing digital twins at leading smart utilities
  5. Focused technology display – through the solution zone you will get the opportunity to update on the latest technology innovations from the leading smart grid suppliers. Both the big system providers and the innovative niche players will be displaying across the 3 days
  6. Hands on technology previews – you can schedule a private 1:1 live demo lab session with the key technology innovators to really get under the skin of their offerings and better understand how next generation solutions could work in your grid environment
  7. ROI – if you book your place before Friday 22nd February 2019 you can take advantage of the Very Early Bird rate, which means your trip will cost in the region of €2,872 (€2,195 conference fee, €159 x 3 nights hotel, €200 flight). If you generate 10 new ideas or new contacts that help you take your implementation plans to the next level it equates to €287 per new idea or contact

Solution Zone

Would you like the opportunity to raise your brand profile, demonstrate your products and services, and share your expertise with a highly concentrated and influential group of smart grid asset management implementation leaders and decision makers? Our adjoining exhibition area provides the perfect platform for you to do this and more! Capped at 10 stands we ensure a focused and relevant display of the latest tools, technologies and services for our audience and maximum visibility for each exhibitor. Contact us today to find out more!

Presentation highlights

To get a sense of information and inspiration that will be shared, please enjoy a selection of past presentations from our Grid Analytics Europe 2018 conference:

  1. Legacy Infrastructure and big data – Sam Young, National Grid
  2. Active System Management – Luca Grella, UK Power Networks
  3. GIS Grid Topology Data for Targeted Actions – Stefan Lanz, BKW

Register today!

To find out how you can participate as a Delegate, Exhibitor or Sponsor:

Call:      +44 (0)20 3691 1700
Email:   registration@smartgrid-forums.com
Visit:     https://www.smartgrid-forums.com/grid-asset-management

We look forward to welcoming you to the event in May 2019!


Grid Asset Management 2019 – Save the date

According to a recent EU report, European transmission and distribution companies will have to increase annual investments from €35 billion to €47 billion in order to meet 2030 climate change targets. Despite the presence of these clear targets, there is still a great deal of uncertainty about how the electrical grid will evolve to meet them. Meanwhile, regulators across Europe are placing downward pressures on rates of return and pushing for grid operators to do more with less.

More than ever, it is essential for asset managers to make the right investment decisions, but in the face of uncertainty and new intervention options, making these decisions is becoming increasingly complex. Smart grid asset managers are realising that traditional approaches are no longer fit-for-purpose and are turning to digital methods to support their decisions, optimise their investment budgets and increase their utilization of existing assets.

In light of this, Smart Grid Forums is delighted to bring you Grid Asset Management 2019, a dedicated 3-day forum designed to equip asset management professionals from across Europe’s smart grid sector with the strategic insights and practical applications to ensure a smooth path to next-generation digital asset management capability.

As we finalise the programme and speaker line-up, here is a sneak-peek of how the agenda and speaker line-up are shaping up:

  • David Ringmar, Director Network Strategy & Development ­– Vattenfall
  • Christian Schorn, Director Asset Management & Operations TransnetBW
  • Ricardo Prata, Subdirector Assets & Data Analysis Unit – EDP
  • Joris Soens, Head of Assets & Grid Architecture Fluvius
  • Erica Niemi, Head of Asset Strategy & SupportSvenska Kraftnät
  • Miguel Moreira da Silva, Head of Data & Analytics – REN
  • Matt Webb, Head of Asset Information UK Power Networks
  • David Šafář, Head of Grid Management and Strategic Projects – ON Česká Republika
  • Craig McTaggart, RIIO-T2 Investment ManagerSP Energy Networks
  • Neill Guha, Senior Manager Costs & Outputs – Ofgem

Just some of the topics that will be discussed include:

  • Drivers for Digital Asset Management – evaluating the drive for next-generation asset management to support the energy transition and manage rising lifecycle costs
  • Digitalisation Roadmap – developing an implementation plan that delivers next-generation digital asset management capability at minimal cost and disruption to daily operations
  • Change Management – empowering teams to adopt new asset management processes and practices to ensure long-term departmental success in a data-driven environment
  • Strategic Investment Planning – developing advanced simulations to model a vast range of future scenarios and prioritize interventions based on risk
  • Quantitative Risk Management – establishing a data-driven framework that ensures accurate risk assessment and robust financial planning
  • Online Condition-Based Monitoring – developing a strategy for affordable, systematic online condition monitoring of assets to deliver real-time network health insights
  • Digital Field Force Management – leveraging digital technology to optimise workforce management and centralise field expertise
  • Asset Information Management – embedding a best-in-class data management framework that supports the delivery of actionable insight from high volumes of complex and unstructured data
  • Open-Source Systems – developing in-house capability to leverage open-source tools and systems and deliver highly customised asset management solutions
  • Asset Performance Management Systems – optimising the specification and integration of next generation systems to leverage large data sets, speed-up insight generation and improve decision-making
  • Data Quality Management – leveraging automation and statistical methods to effectively tackle data quality issues and support advanced data-driven asset management
  • Active System Management – steering the grid in real time to effectively manage distributed energy resources and maximise asset utilisation
  • Substation Predictive Maintenance – achieving comprehensive monitoring and diagnostics of substation equipment to maximise asset life and reduce unplanned outages
  • Overhead Lines Predictive Maintenance – remotely monitoring a combination of spatial, electrical and environmental parameters to safely manage the reliability of overhead line assets
  • Underground Cables Predictive Maintenance – monitoring partial discharge to increase visibility of underground assets and optimise their performance and lifecycle
  • Advanced Metering Infrastructure – leveraging the deployment of smart meters and grid-edge sensors to derive granular insights into low-voltage network operation
  • UAVs and LIDAR – leveraging airborne lidar mapping to inspect overhead assets and create accurate 3D maps of network infrastructure
  • IoT Cybersecurity – managing IoT cybersecurity to minimise disruption and objection to roll-out of sensor networks
  • Digital Twin Tutorial – developing a state-of-the-art platform of integrated systems that supports advanced strategic asset management with an accurate single source of truth

Sponsorship & Exhibition opportunities:

The utility asset management market is expected to grow at a CAGR of 8.25% to reach $4.09 billion by 2019! (source: MarketsandMarkets)

Would you like to secure a significant share of this burgeoning market? Then take this opportunity to raise your brand profile, demonstrate your products and services, and share your expertise with a highly concentrated and influential group of utility asset management experts and decision makers.

Our adjoining exhibition area provides the perfect platform for you to do this and more! Capped at 10 stands we ensure a focused and relevant display of the latest asset management tools and technologies for our audience and maximum visibility and interaction levels for each exhibitor.

Register today!

To find out how you can participate as a Delegate, Exhibitor or Sponsor:

Call:      +44 (0)20 3691 1700
Email:   registration@smartgrid-forums.com
Visit:    www.smartgrid-forums.com/grid-asset-management

We look forward to welcoming you to the event in May 2019.