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Digital solutions ‘can save $81bn in fuel costs per year’

ABU DHABI, January 18, 2017

Emerging digital solutions applied across industry can potentially save US$81 billion in fuel costs annually and close the gap to reaching the COP21 goals by 30 per cent or 823 MT of carbon emissions per year, the equivalent of taking 174 million cars off the road, a report said.

GE unveiled new findings on how companies are using digital applications across their industrial operations to unlock productivity and lower their environmental impact, at the World Future Energy Summit 2017 at the Abu Dhabi National Exhibition Center.

In a recently released report, GE and co-author Intel offer a comprehensive view of how the Industrial Internet - embedded sensors, data analytics and connected platforms-  are helping companies increase their productivity and reducing environmental emissions to securing a cleaner and more competitive future.

“We are working closely with our partners in the region, such as Masdar, Saudi Aramco, and RasGas, among others, some of the first adopters of digital solutions, to support regional economies in achieving their energy and economic diversification goals. This is part of a larger movement that includes both large companies, and start-ups, from across the industrial and tech sectors, working together on innovation and implementation to realize the dramatic economic and environmental potential of digital efficiency,” said Deb Frodl, global executive director of GE Ecomagination.

The key economic and environmental impact of digitization were identified as:

•    Power - $14 billion in cost savings annually and a potential reduction in global carbon by 495 Mt/year
•    Lighting – $30 billion in saving, and 132 MT/year in carbon reduction
•    Aviation- $14 billion in annual saving and 45 MT/year in carbon reduction
•    Railway – $3 billion in saving and 19MT/year in carbon reduction
•    Ground transportation – $20 billion in saving and 132 MT/year in carbon reduction

GE has been working with its partners on digital industrial technologies that help achieve enhanced productivity, efficiency and asset optimization. For example, RasGas Company Limited (RasGas), one of the world’s largest and pioneering producers of liquefied natural gas (LNG), is marking the first global deployment of Industrial Internet technologies in the LNG sector.

In the UAE, Masdar is working with GE to pilot and commercialize sustainable energy-neutral advanced wastewater treatment solutions in the MenaT region, and co-develop Industrial Internet solutions to optimize efficiencies. GE is also working with Masdar to launch a co-leadership training program for women to drive innovation and talent development in the renewable energy sector. In aviation, GE Aviation and Dubai’s Museum of the Future have signed a Memorandum of Understanding to accelerate innovation and advanced technology around the world.

In Saudi Arabia, GE has announced several new digital industrial partnerships, technologies and initiatives. The GE Saudi Technology & Innovation Center (GE STIC) in Dhahran Techno Valley is at the heart of the company’s ‘Industrial Internet’ roadmap to drive digital transformation of industry.

GE Oil & Gas Digital is introducing its first Asset Performance Management (APM) solution to reside on Saudi Aramco’s business network for the Aramco Jazan Complex Integrated Manufacturing Operations Management System (IMOMS). Saudi Electricity Company has joined hands with GE, and established a Generation & Optimization Center (GOC), a state-of-the-art center equipped with hardware and software to monitor 16 SEC power plants.

In lighting, Current, which brings together capabilities from GE’s LED, solar, energy storage, and electric vehicle businesses, is enabling its partners in Mena to tap into a wide variety of GE offerings and optimize their energy needs across their entire operation.

GE’s Industrial Internet operating system, Predix, is playing a pivotal role in providing a foundation for a range of digital solutions that improve energy and water efficiency across aviation, railways, ground transportation, manufacturing facilities, power plants and buildings.

The report draws on the experience of GE’s Ecomagination business strategy to deploy sustainable solutions that provide economic and environmental outcomes. Contributions to the white paper also came from the GE Ecomagination Innovation Center in Masdar City, where GE’s professionals work with UAE-based researchers and industry experts to identify sustainable solutions for today’s pressing challenges.  – TradeArabia News Service




Tags: GE | World Future Energy Summit | Fuel costs | Ecomagination | Digital solutions |

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