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Asset Investment Planning Suite for Electric Utilities - Energy - Energy Utilities
Climate change, aging infrastructure, new technologies, digital transformation initiatives, and Environmental, Social, and Governance (ESG) commitments demand increased investment. Electric utilities are executing multi-pronged strategies to safeguard and evolve the resilience of their systems—pursuing decarbonization and a zero-carbon grid, ramping up renewable sources, protecting assets from climate-related events, and defending against cybersecurity threats—while continuing to deliver safe, reliable, and affordable energy to customers. To thrive in this environment, utilities must strike the right balance between cost-effectively managing business-as-usual activities and investing for the future.
How can you be confident you’re making the best decisions that deliver the greatest value and drive your strategic goals?
Copperleaf® has been working at the forefront of asset management best practices for more than 20 years, delivering best-in-class decision analytics solutions to many of the world’s leading utilities. By developing frameworks to evaluate all investment options on equal footing, we make it easy for clients to compare dissimilar projects—from those designed to strengthen system reliability, to those that increase wind or solar capacity or improve employee efficiency—and create plans that are transparent, defensible, and aligned with strategic objectives. The Copperleaf Decision Analytics Solution can help your organization identify the optimal investment strategy and dynamically adapt plans in the face of unprecedented change and uncertainty.
Planning the energy transition
The energy transition represents a significant change to the way energy is generated, managed, distributed, and used—today and in the future. This white paper highlights 4 best practices for optimized asset investment planning:
- Develop a value framework fit for the energy transition
- Improve governance of project portfolios
- Adapt asset strategies to new technologies and trends
- Develop a robust plan for future scenarios
In an industry where projections for demand growth, electric vehicle adoption, and distributed energy resources (DER) involve uncertainty and variability, having the ability to evaluate potential future scenarios and create an optimized plan is critical.
Copperleaf’s AI-powered optimization can evaluate the vast number of potential investment options and identify the optimal plan within minutes. Sensitivity analysis can easily be performed to explore the impact of multiple constraints and targets (e.g. resources, budgets, risks, outages, dependencies, ESG), and build a realistic, deliverable plan to achieve your strategic goals.
Capital planning for climate resilienceThe impacts of climate change are growing and utilities are under pressure to demonstrate that they are making the right investments at the right time. This playbook explores three ways asset investment planning software can support highly effective capital planning to achieve utility climate resilience.
As your business environment changes, new tactical and strategic priorities emerge. Copperleaf makes it easy to quickly run what-if analyses to explore various investment strategies, build consensus, and align investment decisions with new strategic priorities.
Copperleaf enables a continuous planning process by highlighting variances between planned and actual performance. No matter what twists and turns arise during execution, you’ll be able to re-optimize plans, communicate and defend any changes to stakeholders, and adapt quickly to maintain optimal business performance.
As ESG and net zero continue to rise in importance, utilities are leveraging decision analytics to achieve these goals efficiently and cost effectively. This Utility Week report explains how the Copperleaf Value Framework can be developed and deployed to underpin better decisions on where to invest. Download this report to explore how decision analytics can help you achieve your ESG and net-zero goals.
The Copperleaf CNAIM Solution combines the power of cutting-edge technology with a proven framework for best practice monetized risk, empowering electric transmission and distribution utilities to leverage the Common Network Asset Indices Methodology (CNAIM) quickly and effectively in a streamlined and extensible asset management solution. Copperleaf CNAIM can be implemented in as little as 4 months to help your organization measure and manage risk, compare investment scenarios, and create optimal strategies across your entire asset base.
Climate change has elevated wildfire risk from a managed threat to one that is widespread and escalating. Responding to this increased threat requires both near- and long-term mitigation measures and enterprise-wide strategy development.
The Copperleaf Decision Analytics Solution can help your organization model wildfire and other climate-related risks and develop investment strategies to proactively mitigate those risks while balancing the day-to-day operational needs of your business.
National Grid Electricity Transmission (NGET) and Copperleaf have solved a complex problem that has plagued the electrical transmission industry for many years. NGET undertakes 5,000 interventions across over 60,000 assets each year, which poses a massive data challenge. The company needed a solution to bundle work on each circuit more effectively—to minimize the number of required outages on the network. This ground-breaking circuit optimization project won the Innovation Award at the 2020 IAM Global Awards.
Rheinische NETZGesellschaft mbH (RNG) manages over 30,000 km of distribution networks for electricity, gas, water, and district heating in Germany. The Copperleaf Decision Analytics Solution is helping RNG manage risks and project portfolios across multiple networks and asset owners, and align its Asset Investment Planning and Management (AIPM) processes with the ISO 55000 asset management standard.
Endeavour Energy is a power transmission and distribution provider, supplying electricity to over 2.5 million people in Australia. This case study describes how the Copperleaf solution is helping the company:
- Gain additional investment budget headroom
- Quantify and reduce the risk from safety, environmental, and community impacts
- Incorporate ESG and sustainability factors in decision making
- Save thousands of hours analyzing risk profiles at the portfolio level
Copperleaf is a a member of The Institute of Asset Management (IAM) and actively participates in shaping the future of asset management standards. Our consulting services are shaped by this industry participation and through the experience we’ve gained working with some of the largest, most well-respected organizations in the world. We partner with global and regional consulting firms with specialized knowledge in Asset Investment Planning and Management to deliver a world-class product and the services to make you successful.
- Value & Risk Workshops
The unique Copperleaf Value Framework provides an objective, consistent and practical way to assess the value of any project or investment, and ensure decisions are aligned with your organization’s strategic objectives. Through a series of workshops, we’ll bring together a cross-section of stakeholders from different areas of your organization to build and validate your Value Framework, and help you begin the journey to more effective decision making. You’ll gain access to the Copperleaf Value Model Library, an extensive and constantly evolving collection of best practice value models that have been proven and accepted by peer organizations and regulatory bodies. - AIPM Maturity Assessment Workshops
A maturity assessment workshop will help your organization assess its current level of maturity and identify gaps in current processes relative to best practices in your industry. We’ll develop recommendations and a roadmap to help you move to a desired future state. - Business Process Re-engineering
Businesses are facing increasing pressure to do more with less, without compromising reliability, safety, quality, and the environment. We’ll introduce you to the best practices used by thought-leading organizations in your industry, and help you rethink and adapt your business processes to realize the full benefits of an AIPM solution. - Implementation Services
Copperleaf provides an enterprise-grade software solution and the implementation services to ensure a timely and successful rollout across your organization. We’ll work with you to configure and adapt C55™ to meet your specific needs, including integrations with existing EAM, APM, ERP, GIS and other systems in your IT environment, development of tailored reports and dashboard visualizations,
and more.