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Elewit adds Danish company OKTO GRID to its venture capital portfolio
  • OKTO GRID is a company specialised in the digitalisation of electricity assets to boost the predictive maintenance of infrastructure.
  • The Danish company joins a portfolio that already includes Zeleros, CounterCraft, Nearby Computing, HESStec and Aerolaser.
Red Eléctrica, EIT, InnoEnergy, and Elewit have developed three projects on innovative technology to drive the energy transition
  • After four years and a 1.6-million-euro investment in innovation, the Grid2030 program, a pioneer in Spain, comes to its end.
  • The technological challenges of the electrical system throughout the ecological transition process are the main focus of the developed solutions.

 

Components
Advanced Asset Management Solution (SAGA)

Revolutionise the processes of managing electrical grid assets thanks to this intelligent solution, resulting on more efficient and digitalised asset maintenance and replacement activity planning.

SAGA allows the evolution from the traditional, frequency-based maintenance towards the predictive maintenance, based on the assets’ condition and on the overall risk of the grid. It is a technological solution developed by Elewit and based on IBM’s artificial intelligence.

Find out more here
A secure future for your assets

Don’t wait for your equipment to fail, and extend its working life. The SAGA solution enables you to move towards predictive maintenance, based on the condition of your assets and the overall risk of the network.

Boost your analytical, prescriptive and cognitive business skills by using this technological solution backed by the know-how of two leading TSOs: Red Eléctrica and Elia.

Watch this 1 minute video in which Silvia Bruno, director of Elewit, details the advantages of SAGA. Available in Spanish.

SAGA's capabilities

1. Manage your assets

SAGA allows you to know the current state and estimate the future condition of assets thanks to advanced data analytics algorithms combined with artificial intelligence that calculate their health, risk, impact and probability of failure.

Based on this analysis, the system proposes the necessary maintenance and renewal needs, based on business rules, to ensure the optimal maintenance of each individual asset, including the necessary associated unavailability.

 

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2. Plan your activity

Simulates and analyses different planning scenarios to make better decisions. It generates holistic and optimised planning of maintenance and renewal activity based on overall network risk, monitors its execution and makes necessary adjustments.

This holistic view generates efficiencies, minimises annual downtime and overall network risk, optimises necessary outage requests and improves coordination with other business units.

 

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Predictive maintenance based on AI

SAGA applies Artificial Intelligence algorithms to examine the status of the assets in detail, and the impact of any planned maintenance and renovation actions. Our solution is based on IBM’s “Maximo APM for Energy and Utilities”. It offers a wide and diverse range of health and deterioration models thanks to additional development.

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Health and deterioration models

These expert models use information on the current status of the assets to calculate their health index and a detailed study of the history of anomalies to estimate the deterioration curve and anticipate the likelihood of a fault at any time.
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Impact and risk models

The status of the assets is supplemented by a series of models that gauge the importance of the installations by applying a full list of technical and economic criteria.
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Optimised plans for maintenance and renovation

SAGA has a module to optimise maintenance plans, customising the work that each specific asset in the network is subject to, minimising the costs and resources associated with this task.
With the know-how of two leading TSOs

SAGA was created in 2017 as an internal innovation project for digital transformation at Red Eléctrica. These developments enabled the company’s strategies to include maintenance based on the overall risk of the network. Today, Red Eléctrica and Elia – two leading TSOs in asset management - have combined their expertise and know-how to join together and participate in the future growth and development of AAMS.

An alliance between two leaders

Elewit x IBM

Elewit and IBM work together in promoting AAMS. A unique alliance of two leaders in the energy and IT sectors to help companies in the industry to solve the most demanding challenges in their business.

Discover SAGA
Know the potential of SAGA in this 2 minute video. Available in Spanish.

Discover SAGA

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“It needs to transform together, so that the energy can continue to flow from production to consumption”

Commitment to and development in innovation are important factors in achieving global objectives in terms of energy efficiency and connectivity. That is why, at Elewit, we promote explorations that seek technological solutions that bring us closer to the objective we have in the energy and telecommunications sector. Our partners are a key element for us as they provide us with their strategic vision to achieve a better, more sustainable and inclusive future.

Elewit introduces the fourth edition of its venture client programme in order to work with startups
  • After three successful editions, the company is still committed to finding innovative talent that will enable it to quickly deliver new technical solutions to Redeia.
  • Elewit has invested more than one million euros in the programme since its first edition and has created 23 pilot projects with 18 startups in the areas of telecommunications, digital and ecological transformation, occupational safety, satellite connectivity, and electricity network maintenance.
  • Six startups from previous editions have already started offering innovative solutions to the Redeia compani
5G’s benefits for the SLISE Project

Technology has undergone a significant change with 5G, which connects several devices into a single network. This is an advantage that, for instance, enables Redeia to remotely inspect its electrical assets to better optimize facility maintenance and increase its security and safety. Additionally, it provides the opportunity for independent communications systems and infrastructure optimization.

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