Asset
Management

A strong asset management culture ensures alignment across a company’s goals and investments. Utilities are being asked to balance an ever-expanding set of priorities and to justify their decisions with more sophisticated analysis. As asset populations continue to age and introduce risk, climate change and the proliferation of DERs drive investments in resiliency and modernization. A focus on asset management practices not only supports more efficient operations and increased performance but also provides additional support in rate cases and other regulatory proceedings.

Risk management is one of the critical activities performed by utilities for the communities they serve. Accurate asset condition, criticality, and failure impact data facilitate sound decision-making. Quanta Technology’s experts can perform assessments of existing risk evaluation processes and risk controls (e.g., maintenance and inspection practices, operating practices, design standards, and equipment specifications) and make recommendations rooted in real-world experience and industry best practices.

The key to developing an effective asset management plan is a good understanding of the health of, and value provided by, each of your assets. Quanta Technology’s experts are experienced in quantifying the condition of aging equipment and developing sound, multi-year maintenance and replacement plans that have been successful with regulators. We provide services to evaluate the current condition of power delivery assets to assist utilities in risk management, reliability planning, and lifecycle cost management.

Quanta Technology favors no specific software packages. Our experts believe in a comprehensive approach to data management and analytical models and can help develop business requirements that can be implemented in any environment. Our team has experience with the entire analytics pipeline comprising data capture, analytics, process automation, and visualization for decision-making.   

Quanta Technology can review your engineering standards and equipment specifications and provide expert advice incorporating industry best practices that will meet your specific needs. Our experts evaluate all aspects of the asset lifecycle when developing standards and specifications to understand the long-term cost impact after implementation. Our team can also evaluate maintenance programs and provide recommendations to improve the prioritization of assets, selection of mitigations, and overall program outcomes.

An increasing focus across the industry on reducing risk associated to extreme events is driving utilities to develop resiliency strategies and programs. Our team of experts can help perform system vulnerability assessments and develop approaches to system restoration and hardening. Whether the risk that keeps you up at night be wildfires, earthquakes, or blizzards, we can help you develop resiliency programs rooted in risk analysis and engineering expertise.

Utility investment portfolios need to maintain the performance of existing infrastructure, reduce exposure to risk, and support the integration of Distribution Energy Resources. A robust asset management process can help planners meet the strategic goals and objectives of the utility; balance these goals with risks, operations, and lifecycle costs through Asset Management Plans; and develop an executable plan of programs and projects.

Quanta Technology offers a comprehensive approach in supporting our client partners to address the challenges on existing assets and infrastructure from the effects of electrification. Utility distribution assets are facing increased challenges related to potential overloads of equipment and circuits, changes in equipment cooling patterns, and constraints in accommodating high-power charging in neighborhoods with legacy distribution infrastructure. Our team of experts can provide detailed, model-based engineering analyses for which yield plans for asset management that are technically robust, yet pragmatic. Our technical foundation is coupled with commercial and business expertise enabling Quanta Technology to perform services such as business case development, road mapping and strategy and benefit-cost analyses.

Utilities frequently face many processes, tools, and data assets in support of Planning, Operations, and Asset organizational units. To meet modern challenges, utilities increasingly have sought to integrate these historically separate processes, tools, and data assets to improve efficiency, communication, and data integrity across their entire organization. Quanta Technology offers a best-in-class approach to process integration by combining our foundation of industry domain expertise with purpose-built tools that enable the alignment of processes and data across separate organizational units.