Power and Gas Asset Management

This book offers meaningful insights into an impending challenge for the energy industry, namely the increasing role of asset management amongst the utilities core operations. In the aftermath of energy digitalization, power and gas companies will be able to seize asset productivitythrough risk-based operation and maintenanceand better balance capital and operational expenditures. By addressing the asset management of both power and gas infrastructures, and by adopting a comprehensive approachincluding regulation and business models, as well as a solid technology backgroundthis book offers a unique perspective on the energy utilities transformation journey and the road to optimal decision-making for both asset portfolio expansion and replacement. The asset management end-to-end mission requires appropriate internal governancedepending on the business frameworkand the development of decision aid models (for asset replacement and maintenance), supported on probabilistic risk and reliability indexes. This book advocates systematically digitalizing the power and gas assets, addressing both data governance and infrastructure, alongside real-time equipment condition monitoring. It also provides a meaningful methodology for designing data-centric asset management and predictive operation and maintenance, using artificial intelligence and engineering-based approaches. As such, it provides valuable strategy, methods and modelsillustrated by case studies and proofs of conceptfor a wide range of stakeholders, including utilities and industry professionals, regulators, policy-makers, researchers and students.