NIA UK | Rolls-Royce and Bruce Power sign multi-year cooperation agreement

Posted by SONE on 11 May 2017 in NIA

Rolls-Royce and Bruce Power executives sign contract

Rolls-Royce and Bruce Power have entered into an agreement to implement Rolls- Royce’s innovative digital analytics tools, as part of Bruce Power’s Life- Extension Program.

As part of the contract, Rolls-Royce will implement its proven digital technology designed to optimise the operational lifetime of nuclear power plants, known as T-104. The digital technology utilises worldwide nuclear operating data to provide best-in-class asset management services to the Bruce Power fleet.This enables Rolls-Royce to convert that intelligence into valuable insights to help Bruce Power improve the operational efficiency of its plants.

Rolls-Royce will have employees embedded at Bruce Power so that the two organisations can work closely together to use Rolls-Royce’s powerful demand driven forecasting data to improve equipment reliability, reduce inventories and maintenance and materials costs, while improving operational and supply chain practices. The end result is expected to be dramatic operating cost reductions as well as major reductions in capital tied up in parts inventories.

“Big Data analytics is a core competency at Rolls-Royce,” said Paul Tobin, Rolls-Royce, Executive Vice President – Nuclear Projects and Services . “We developed this capability in our aerospace business where monitoring and mining the enormous data volumes continuously generated by aircraft engines and other aircraft systems has allowed us to achieve massive reductions in operating costs while concurrently improving safety and reliability. We are now applying the same know-how coupled with our worldwide nuclear operating data and expertise to deliver high value solutions for the nuclear power generation industry.”

Mike Rencheck, Bruce Power’s President and CEO, said Bruce Power is pleased to work with Rolls-Royce on this contract, which promises operating cost savings among other benefits.

“By aligning with strong partners we can get the work done that will allow us to continue supplying 30 per cent of Ontario’s electricity at 30 per cent less than the average cost to generate residential power,” Rencheck said.

Source:  NIA UK | Rolls-Royce and Bruce Power sign multi-year cooperation agreement