Tuesday, 16 January 2018

Rolls-Royce has signed a four-year contract to provide US nuclear utility operator, PSEG, with its innovative digital analytics service to help drive greater plant efficiency.

The four-year contract will see the deployment of Rolls-Royce's T-104 service focus on efficiency savings and optimized maintenance activities at PSEG's two nuclear power plants at Salem and Hope Creek Nuclear Power Plants in New Jersey, USA. It follows a successful six-month pilot scheme which showed 40% of planned maintenance activities that were included in the trial, did not need to be conducted as regularly as currently scheduled.

The T-104 service uses worldwide nuclear power plant operating data to provide best-in-class asset management services. This enables Rolls-Royce to convert that intelligence into valuable insights to help PSEG maximize plant availability and reliability by allowing them to focus on the right equipment, at the right time, with the necessary parts at hand.

Paul Tobin, Rolls-Royce, Executive Vice President - Nuclear, said: 'Big Data analytics is a core competency at Rolls-Royce and the huge savings identified in the pilot period for PSEG show the true value that we can deliver for our customers.

'We developed this capability in our world-leading aerospace business, where customers benefit from our monitoring and mining of the enormous data volumes continuously generated by aircraft engines. This allows us to achieve reductions in operating costs while improving reliability.

'We're now applying the same know-how, coupled with our worldwide nuclear operating data and expertise, to deliver high value solutions for the nuclear power generation industry.'

Paul Davison, PSEG Engineering Vice President, said: 'This agreement represents a continuation of PSEG's efforts to focus our resources on efficiently maintaining high levels of equipment reliability by performing the right work at the right time. We are looking to build on the success of our pilot with Rolls-Royce to make even further equipment reliability improvements.'

Rolls-Royce will have employees embedded with PSEG so that the two organizations can work closely together to use Rolls-Royce's demand-driven forecasting data. This approach will reduce overall preventive maintenance, improve equipment reliability and provide a reduction in material consumption, leading to overall reduced costs for PSEG.

About Rolls-Royce Holdings plc

  1. Rolls-Royce's vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems.
  2. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
  3. We have three common themes across all our businesses:
    • Investing in and developing engineering excellence
    • Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes
    • Leveraging our installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which we can capture aftermarket value long into the future.
  5. Annual underlying revenue was £13.8 billion in 2016, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £82.7 billion at the end of June 2017.
  6. In 2016, Rolls-Royce invested £1.3 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
  7. Rolls-Royce employs almost 50,000 people in 50 countries. More than 16,500 of these are engineers.
  8. The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2016 we recruited 274 graduates and 327 apprentices through our worldwide training programmes.

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Rolls-Royce Holdings plc published this content on 16 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 January 2018 08:09:01 UTC.

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