PETACH TIKVA, Israel, Sept. 25, 2017 /PRNewswire/ -- An asset health management application co-developed by the New York Power Authority and mPrest, a global provider of mission-critical monitoring, big data analytics and control software for the 'Internet of Energy' markets, was recognized on Friday, September 22 with the 2017 'Best of New York Award,' for the best data analytics - business intelligence project of the year. The 'Best of New York Awards' program, organized by the Center for Digital Government and touted in Government Technology magazine, recognizes outstanding IT professionals and projects as well as local government organizations and educational institutions.
mPrest and NYPA, the largest state public power organization in the U.S., received the "Best Data Analytics - Business Intelligence Project for 2017" award for mPrest's Transformer Monitoring & Diagnostic application software, an application that performs real-time monitoring and predictive maintenance of power transformers, which are essential to reliable distribution of electricity from power plants to customers. The application has demonstrated great results and enhanced operating efficiencies at NYPA's Robert Moses Niagara Power Plant, one of the nation's largest sources of renewable energy. mPrest's Asset Health Management product has since been rolled out at NYPA's Blenheim Gilboa Pumped-Storage Power Project and 500 MW plants in Queens, N.Y.
Following testing using historical performance data by the Electric Power Research Institute (EPRI) that proved the mPrest platform effective, NYPA is looking at additional applications for this technology. EPRI conducts research and development relating to the generation, delivery, and use of electricity for the benefit of the public.
"We are honored to be recognized by this esteemed organization, together with NYPA, for our asset health management software, a first-of-its-kind, comprehensive monitoring, control and analytics system," said Natan Barak, founder and president of mPrest. "We're proud to share this award with our partner NYPA and look forward to continuing our partnership with them as we expect other power utilities throughout the U.S. and globally to adopt and reap the benefits of this technology."
The application revolutionizes the way utilities maintain and support their critical assets. It gives utility operators, like NYPA, a complete real-time picture of transformers' health with forward looking prediction, and recommended maintenance actions required to optimize their operation. Using advanced and proven trend analysis and abnormal behavior algorithms, utility operators can detect anomalies in operation and predict equipment failure. The software coordinates strategic maintenance of internal systems, avoids unplanned outages, reduces operational costs and supports reliable power supplies for customers.
For more information about the use of this system by NYPA, read a May 2017 press release about the mPrest/NYPA partnership.
mPrest is a global provider of mission-critical monitoring, control and big data analytics software. Leveraging the power of the Industrial IoT, mPrest's integrative "System of Systems" is a proven catalyst for digital business transformation. Its management solution has been deployed in next-gen IoE (Internet of Energy) applications for power utilities, such as Asset Health Management, Distributed Energy Resource Management and Critical Infrastructure Protection, as well as innovative management applications for water utilities, smart cities, defense and homeland security.
About the Center for Digital Government
The Center for Digital Government is a national research and advisory institute on information technology policies and best practices in state and local government. The Center is a division of e.Republic, the nation's only media and research company focused exclusively on state and local government and education. For questions, please contact Janet Grenslitt, Director of Surveys and Awards, at firstname.lastname@example.org.
Josh Garrett, Antenna Group for mPrest
Lynne Smith, NYPA