Copperleaf, an IFS company, announces the selection of its decision analytics solution by TenneT, a leading European Transmission System Operator (TSO) serving 43 million people throughout Germany and the Netherlands.
To safeguard the reliability of the power supply, TenneT needs to regularly maintain and replace assets within the grid. To support this, the company will develop comprehensive maintenance and replacement strategies based on a value framework to ensure assets continue to operate efficiently and effectively. As electricity demand continues to increase and evolve rapidly, managing the asset lifecycle has become increasingly complex.
TenneT identified the need for a holistic framework and supporting APM (Asset Performance Management) tool to address important asset management challenges such as limited resources, as well as financial constraints and outage planning. In addition to the tool, TenneT was looking to build a strategic relationship that will help the company reach its long-term goals. Copperleaf Asset™ empowers organizations to optimize asset planning decisions for the next one to one hundred years. Asset managers can create the best asset plans by incorporating risks, costs, and value overtime for each asset and calculating optimal intervention dates while accounting for all business constraints and targets. Copperleaf Asset aligns every decision using a Value Framework to balance operational needs with strategic objectives.
Organizations can make better and holistic decisions for their assets by balancing operational objectives such as safety, reliability, cost, levels of service, and environmental and social responsibility. Copperleaf Asset helps organizations balance these factors and make optimal and rigorous asset sustainment decisions with agility and efficiency.
“We are pleased that both TenneT Netherlands and TenneT Germany have once again placed their trust in Copperleaf by selecting us in two separate tenders,” said Karim Jawad, Copperleaf’s Senior Regional Sales Manager for Central Europe. “TenneT is already using Copperleaf Portfolio for AIP (Asset Investment Planning) and are now expanding our partnership by selecting Copperleaf Asset for APM (Asset Performance Management). Having an integrated solution for two separate use cases will help TenneT unlock even greater value and drive more informed decisions.”
“We are excited to deepen our relationship with TenneT,” added Fin Jennrich, Copperleaf’s Regional Director, Central Europe & Nordics. “Our expanding collaboration is a testament to the trust TenneT places in the Copperleaf team, our solutions, and the value they deliver to TenneT both in Germany and the Netherlands.”
