Xcel, EDM and eSmart Systems announce a new strategic initiative

By Nikita Chaurasia  Date: 2020-01-31

Xcel, EDM and eSmart Systems announce a new strategic initiative

Xcel Energy, a renowned US-based electric services company, EDM International, a renowned electric utility industry player, and eSmart Systems, a company that develops software solutions for the energy industry, together announced the first phase of their strategic initiative to rollout AI-based Collaborative Intelligence for approximately 3,300 miles of transmission lines of Xcel.

The initiative looks to drastically enhance inspection processes with the aim of reducing operational costs, enhancing asset information, decreasing failure rates, and expanding asset life.

This Collaborative Intelligence approach would allow Xcel to integrate eSmart’s AI-based analytics with its existing business processes, which would further help analyze imagery information of transmission assets gathered by Xcel’s UAS (Unmanned Aircraft Systems) and manned helicopters and which is validated by subject matter experts of EDM.

This further helps identify defects, prioritize transmission line operations, as well as update asset data over Xcel’s asset management systems.

This approach reliably and efficiently integrates the human intelligence of T&D subject matter experts by EDM with eSmart Systems’ AI-based analytics in order to analyze aerial pictures clicked by UAS and manned helicopters.

CEO and founder of eSmart Systems, Knut H. H. Johansen stated that the company is thrilled to collaborate with EDM and bring its Collaborative Intelligence approach to help Xcel Energy utilize UAS data gathered by Phoenix Air Unmanned.

Johansen further added that the company sees this project as supporting utilities to practically fill the gap in transition due to today’s largely manual procedures to the world that uses digital technology like AI and UAS pictures for asset management and grid inspection.

President of North America Operations at eSmart Systems, Steve Hambric stated that under this collaboration, the company would significantly enhance the safety, speed, cost and accuracy of power grid inspections and further deliver value by updating info over crucial infrastructure assets.

Hambric further added that the usage of the company’s Collaborative AI enables it to change today’s inspection practices through the delivery of improved mission crucial information with decreased risks. 

 

Source credit: https://www.businesswire.com/news/home/20200129005795/en/eSmart-Systems-Xcel-Energy-EDM-International-Announce

About Author

Nikita Chaurasia     aeresearch.net

Nikita Chaurasia

An accomplished professional in the field of content development, playing with words comes naturally to Nikita Chaurasia. After completing her post-graduate MBA degree in Advertising and PR, Nikita worked across numerous content-driven verticals, undertaking diverse r...

Read More

More News By Nikita Chaurasia

CI NMF, Amp Energy India to jointly invest USD 200 Mn in renewables

CI NMF, Amp Energy India to jointly invest USD 200 Mn in renewables

By Nikita Chaurasia

Copenhagen Infrastructure Partners, one of the biggest renewable energy-centered fund managers worldwide, has signed an agreement with Amp Energy India Pvt Ltd. for joint equity investments of USD 200 million in renewables, using its Copenhagen Infra...

CDC updates guidelines, calls for vaccinated people to mask up

CDC updates guidelines, calls for vaccinated people to mask up

By Nikita Chaurasia

The Centers for Disease Control and Prevention issued new guidelines suggesting that people who are vaccinated against Covid-19 wear masks in public as well as indoor areas where the rate of the disease is high. The CDC also stated that teachers, sta...

iPhone’s hot streak could be hampered by global chip shortage crisis

iPhone’s hot streak could be hampered by global chip shortage crisis

By Nikita Chaurasia

Apple Inc. recently stated that the global chip shortage that has affected the sales of Macs and iPads, will now hit iPhone production and the expected revenue growth is likely to decelerate. This has resulted in lowering Apple’s shares. The c...

EV maker Rivian bags USD 2.5 Bn in a funding round led by Amazon, Ford

EV maker Rivian bags USD 2.5 Bn in a funding round led by Amazon, Ford

By Nikita Chaurasia

American electric vehicle maker Rivian Automotive LLC reportedly secured USD 2.5 billion in a funding round led by Amazon.com Inc, T. Rowe Price, D1 Capital Partners, and Ford Motor Co. In addition, the event also saw participation from Fidelity Man...

ICEA forms committee chaired by HP India MD to boost IT hardware sector

ICEA forms committee chaired by HP India MD to boost IT hardware sector

By Nikita Chaurasia

The India Cellular & Electronics Association (ICEA) recently announced the formation of a committee to promote manufacturing and exports of the IT hardware sector. The panel headed by Ketan Patel, HP India’s Managing Director, will set up a...