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GE inks Exelon to its largest power plant software deal

Published 11/15/2016, 11:30 AM
GE inks Exelon to its largest power plant software deal
EXC
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GE
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  • General Electric (GE -0.6%) signs up Exelon (EXC +2.4%) for a five-year contract to use its full software set to analyze and manage U.S. power plants, in GE's largest deployment in the power sector and one of the three largest sales of its Predix industrial operating system so far.
  • EXC says it will use GE's Predix software and applications across its 91 power plants, which produce 32.7K MW and supply more than 10M customers, as well as software that analyzes the company's business performance and profitability.
  • In initial uses, GE's technology has increased power plant efficiency by 3% and reliability by 5%, while cutting operating and maintenance costs by 25%, according to GE Power's top exec Steve Bolze.
  • The companies did not disclose the value of the contract.

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