Fairbanks Morse - an EnPro Industries company (NYSE: NPO) and leading provider of solutions that are powering the world forward - introduced today at POWER-GEN International its revolutionary PoweReliability-as-a-Service™ platform powered by the newly launched Trident OP™ engine featuring a fuel-efficient opposed piston architecture. The Fairbanks Morse PoweReliability-as-a-Service platform delivers distributed power generation for independent power producers or large commercial and industrial (C&I) organizations.
Backed by fuel efficiency and reliability guarantees that are monitored in the cloud-based platform, PoweReliability-as-a-Service reduces risk and operating expenses for end users who want to generate their own power - whether remote, off grid, or grid-tied. In a 10-megawatt power plant configuration, Fairbanks Morse projects $35 million in savings to be achieved in fuel consumption and increased reliability.
“Coupling the launch of our ground-breaking Trident OP engine with the PoweReliability-as-a-Service platform is the next evolution in Fairbanks Morse’s long history of providing affordable and reliable distributed power generation. This platform-based approach will allow us to accelerate our corporate mission to deliver power where it is needed most,” said Fairbanks Morse President Marvin Riley. “This first-of-its-kind solution enables our customers to become reliable independent power producers - even in the most remote areas of the world that do not have access to a dependable grid. We believe PoweReliability-as-a-Service can empower economic growth, access to clean water and healthcare, and community safety.”
Today, 1.2 billion people in the world lack access to power and another billion only have access to intermittent power. These emerging economies are expected to see a 41 percent increase in energy demand through 2040. Alternatively, in the United States where energy demand is flat, an aging grid and superstorms are causing power reliability issues with increasing frequency. Nine of the 12 most expensive storms in U.S. history happened in the last three years. In both situations, decentralized generation, independent power production, and microgrids are seen as the enablers needed to drive reliable power in the new energy economy. As a result, Navigant Research estimates that annual distributed generation capacity additions will outpace centralized generation three-fold by 2024.
The PoweReliability-as-a-Service platform is enabled by cloud-based bi-directional data and control so that power generation can be monitored in real time to deliver on specified fuel and reliability guarantees. As an open platform, it can be customized to include the integration of hybrid distributed energy resources (DER) such as renewable base loads like solar, wind, combined heat and power (CHP), and energy storage to facilitate particular use cases. Fairbanks Morse PoweReliability-as-a-Service will enable independent power producers and C&I end customers to integrate the DERs of their choosing to operate fully as an independent microgrid or, where available, participate in ancillary market services such as demand response.
Fairbanks Morse | http://www.fairbanksmorse.com
EnPro Industries | http://www.enproindustries.com