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Deregulation and restructuring, along with merger and acquisition activities, have created profitability and performance challenges within the power industry, which require that companies take a fresh look at some of their most established work processes. To remain competitive, new and innovative approaches are needed to better manage predictable generation delivery, planned and forced outages, as well as operational and maintenance expenses.
Meridium's Generation Management (GM) module integrates information from maintenance, operational, planning and financial disciplines to support generation reliability analysis and drive continuous improvement strategies. GM, in conjunction with other Meridium modules, provides fleet operators with a solution to: - Improve communication and asset knowledge
- Improve availability and overall reliability
- Optimize operating and maintenance costs
- Optimize capital utilization
- Enable protection against future production risks
- Provide a defined methodology to better execute financial goals
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