Australia’s Largest Electricity Network Selects Copperleaf C55 and ARMS Reliability for Value-Based Capital Investment PlanningBy Copperleaf
Vancouver, BC, April 4, 2017—The operator of one of Australia’s largest electricity networks, Essential Energy, has selected the Copperleaf C55 decision analytics solution to support its investment planning and decision-making processes. A NSW Government-owned corporation, Essential Energy delivers essential network services to more than 800,000 homes and businesses across 95 per cent of New South Wales and parts of southern Queensland.
With a focus on continuously improving safety performance, operating at industry best practice, and minimizing network charges to customers, Essential Energy recognized an opportunity to enhance its ability to optimize capital projects, manage risk, and meet regulatory and customer-driven performance targets. Copperleaf C55 will allow them to identify the optimal set of investments and timing that deliver the greatest value to the organisation across multiple portfolios.
“The energy industry in Australia is undergoing significant change with an increasing need to improve efficiency, and Essential Energy needs to meet that challenge,” said Paul Brazier, Essential Energy’s Acting General Manager, Asset Management. “Having such a large geographical footprint, it is imperative that we manage our assets as effectively and efficiently as possible.”
CEO of Copperleaf, Judi Hess, said she was excited to welcome Essential Energy to the growing community using Copperleaf solutions in Australia and around the world. “This highlights the increasing demand in the Australian market for decision analytics, and recognizes C55’s unique ability to help energy companies proactively manage risk and improve their overall performance. We are honored to have been selected by Essential Energy and look forward to working together with our partner ARMS Reliability to help Essential Energy achieve its goals.”
“We are thrilled to see asset investment planning gaining such momentum in the Australian power utilities industry. Essential Energy marks the third electricity organization where we will support the implementation of the Copperleaf C55 solution,” said Jason Apps, CEO of ARMS Reliability. “Our team looks forward to supporting Essential Energy in its mission to optimize investments, maximize value and deliver reliable and sustainable power across Australia.”
About ARMS Reliability
ARMS Reliability is a global consulting firm, helping some of the world’s largest resource, utility and power generation companies to achieve business goals through effective asset management and improvements in operational productivity. At the forefront of asset management strategies and technology, our expertise, methods and tools empower clients to make proactive asset investment and management decisions that optimise capital expenditure, plant maintenance, reliability and availability at minimal cost and risk.
About Copperleaf Technologies
Copperleaf provides decision analytics to companies managing critical infrastructure. Our enterprise software solutions leverage operational and financial data to help clients make investment decisions that deliver the highest business value. In 2016, Canadian Business named Copperleaf one of Canada’s top 20 Fastest-Growing Software Companies. Copperleaf actively participates in the Institute of Asset Management (IAM) and the ISO 55000 standards committee. Headquartered in Vancouver, our solutions are distributed and supported by regional staff and partners worldwide. We are committed to building a better world, one decision at a time.
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Email: Media Relations