Leading enterprise software company, TechnologyOne, has called on New Zealand’s energy sector to focus on maximising the longevity of infrastructure as a critical part of driving reliability and affordability of the country’s energy supply.
Addressing hundreds of leading energy sector delegates at the industry’s premier Downstream conference, TechnologyOne said New Zealand’s energy suppliers and retailers need to rethink their ‘asset maturity’ and turn to digital transformation as a way of maximising infrastructure return on investment.
Alpine Energy, which owns and operates the electricity distribution network in the South Canterbury region was an early adopter of TechnologyOne’s ‘Project Lifecycle Management’ solution.
“It’s really a bit of a game changer from what we were previously able to produce and will enable Alpine Energy to improve its long-term infrastructure planning processes, including project submissions, funding allocations and approvals,” Andrew Spackman, Alpine’s Maintenance and Asset Information Manager, said.
“The regulators, and our board had greater expectations in relation to how we manage our capital projects and wanted us to have better reporting capabilities, all of which is in line with our aim of good asset management practice in accordance with ISO 55000.
“We’ve gone from no integration to one integrated system, limited visibility to full visibility, and no traceability to a fully compliant and auditable process.”
Ed Chung, CEO of TechnologyOne, said while there had been some positive movements in New Zealand’s energy sector moving to more a more digital approach, the opportunity exists to overhaul current legacy systems, paving the way for potentially millions of dollars of long term savings – which will benefit business bottom line and household energy costs.
“As New Zealand moves to a new energy future, the sector also needs to embrace a new digital future,” he said.
“At a time when every dollar counts and when economic stimulus through infrastructure projects is critical, it’s more important than ever for companies to have reliable, secure and innovative technology in place.
“We take this responsibility very seriously, and in addition to Alpine Energy, more than 1,200 leading corporations, government departments and statutory authorities are powered by our enterprise software.”
TechnologyOne is the Major Sponsor of Downstream (August 3-5), New Zealand’s premier event for everyone involved directly or indirectly in the downstream energy industry. The must-attend event offers insights into current energy sector challenges and opportunities such as network performance, distributed energy, the changing retail landscape, regulated markets, emissions, technology and customer trends.
This partner content is brought to you by TechnologyOne. To read more about Alpine Energy and TechnologyOne, read the full case study here.