“An asset-focused approach that considers the complete lifecycle of each component addresses the division’s strategic requirements and anticipates future needs in order to achieve and maintain the desired performance.”
Hydro-Québec TransÉnergie (HQT) manages one of North America’s most extensive electric power transmission systems, serving local populations and supplying power to three Canadian provinces and four U.S. States. Every year, HQT invests over $2B to maintain its network and ensure its sustainability.
The organization must show its shareholder that, even with an aging asset portfolio, its strategies deliver network reliability at the lowest cost, and can be implemented despite a shortage of qualified labour.Based on their role within the network, assets must
meet certain standards that influence inspection, maintenance and turnover strategies and costs. In addition, when evaluating annual rate adjustment requests, regulatory authorities demand exemplary rigour, with results based on science and data.
Hydro-Québec TransÉnergie used its asset management expertise to develop several sophisticated models to create, test and validate predictive trends for sustainability and adaptive maintenance.
However, the systems available on the market were not scaled to handle the huge volume of assets and calculations required to fully simulate the portfolio’s evolution over a 50-year period. In this context, standard modeling tools (i.e., Excel, MATLAB, Python, etc.) were too limiting.
When working with a group of experts, the goal is to instill a collaborative environment that lets each of them contribute to projects. With this in mind, HQT was looking for a centralized approach to formalize its asset investment decision policies.
The DIREXYON platform is recognized by HydroQuébec TransÉnergie as a strategic, transparent and proven tool to make the right organizationwide decisions in order to reach optimal reliability, cost efficiency, risk management and governance.
The platform allows users to divide the network into different asset categories, where each one is individually modelled using only “drag & drop” functionalities. Not a single line of programming code is required. The organization is empowered to independently maintain and sustain the solution.
The DIREXYON platform also generates realistic maintenance and investment scenarios at the lowest possible cost, giving the organization’s internal experts a clear picture of the relationship between asset management policies, revenue requirements, long-term performance and network reliability risks.
Internal expertise is digitized through the configuration of intuitive decision trees, which all stakeholders easily understand, assess and enhance.
Furthermore, numerous technical reports are now automated.
Finally, because all simulation data is saved, the platform is designed to meticulously reconstruct and audit all calculations.
To maintain required levels of service and simultaneously manage both cost and risk, while meeting all stakeholder requirements, the solution must: