2019 was a huge year for the Australian asset management space. Upgrades and maintenance projects are underway all over the country; digital technologies are driving change across multiple sectors; and the effects of climate change are placing greater demand on asset managers to develop comprehensive resilience strategies for our utilites. Here, we take a look at some of the biggest asset management stories for 2019.
The data-driven model informing Sydney Water’s asset management decisions
Sydney Water has embarked on a journey to harness its massive amounts of asset data to improve its strategic decision making. Here, Tammy Falconer, Head of Asset Knowledge at Sydney Water, explores what the utility has been doing in the space and how others can use data to inform their own asset management strategies including in the exciting new world of IoT.
Over 2019, Sydney Water has also been developing innovative approaches to predict, discover and repair leaks across its large and complex network of over 22,000km of water mains. Read more about these strategies and technologies here.
How Western Power created a digital asset management strategy
With the emergence of new renewable power generation technologies and storage solutions, it’s an exciting time to be in the energy industry. Utility spoke with Carlos Gamez, Strategic Asset Performance Manager at Western Power, about current opportunities and challenges in energy asset management and the utility’s new Digital Asset Management Strategy.
Victoria’s first pipe protection and air monitoring device developed
A device the size of a large matchbox will help protect Melbourne Water’s extensive water transfer network of pipes and tanks, and at the same time provide information on air quality, thanks to cutting-edge technology developed in collaboration with Victoria’s Environment Protection Authority (EPA).
ReWaste energy plant aids utility in 100% renewable goal
“ReWaste”, a waste to energy plant owned by Yarra Valley Water, has continued to go from strength to strength as the utility heads towards its goal of generating 100 per cent renewable energy by 2025. Since its launch in 2017, the energy plant has transformed more than 45,000 tonnes of food waste into 10,000MWh of clean energy capable of powering over 2,000 homes.