NEC and Space-Time Insight partner together on "SPEAR" for Energy Network Health Analytics in Singapore
Tokyo & Singapore, August 16, 2016 - NEC Corporation (NEC; TSE: 6701) and NEC Asia Pacific Pte Ltd announced the commencement of collaboration with Singapore Power and Space-Time Insight* under the Singapore Power Energy Advanced Research and Development (SPEAR) Program - Theme 8A for Energy Network Health Analytics.
This joint project is one of the SPEAR key themes of the Singapore Power Centre of Excellence (SP CoE) to develop, pilot, and integrate smart grid technologies for greater reliability and efficiency of Singapore's energy infrastructure.
In this project, Singapore Power, NEC and Space-Time Insight will collaborate closely through a co-innovation process to develop "asset intelligence" that enables risk-based investment and maintenance planning of grid infrastructure based on big data analysis, and "outage intelligence" that provides real-time blackout monitoring and more accurate estimates of the time needed to restore service.
"SP CoE is committed to driving research and innovation that translates into a future-ready national grid. Analytics play an increasingly critical role in maintaining and enhancing Singapore Power's world-class transmission and distribution services," said Mr. Brandon Chia Seng Boon, Head, Centre of Excellence at Singapore Power. "NEC and Space-Time Insight provide the capability to analyse and predict when we need to reinforce and maintain our assets before it fails. This strengthens the reliability and resilience of our network, minimising disruption and inconvenience to our customers."
"We are honored to be a part of Singapore Power's new initiative that contributes to stable and efficient power supplies both in Singapore and the rest of Asia," said Eiji Naka, Director, Smart Energy Division, NEC Asia Pacific. "With the knowledge and experience gained through this collaborative project, NEC will accelerate the development of smart energy solutions that combine energy and ICT features and benefits, while further strengthening its presence in the Asia Pacific region."
About NEC Corporation
NEC Corporation is a leader in the integration of IT and network technologies that benefit businesses and people around the world. By providing a combination of products and solutions that cross utilize the company's experience and global resources, NEC's advanced technologies meet the complex and ever-changing needs of its customers. NEC brings more than 100 years of expertise in technological innovation to empower people, businesses and society. For more information, visit NEC at http://www.nec.com.
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About NEC Asia Pacific
Singapore-based NEC Asia Pacific (NEC APAC) is the regional headquarters for NEC Corporation (HQ: Japan) in the Asia Pacific region (South and Southeast Asia and Oceania). As a leading infocommunications technology provider, NEC APAC provides innovative solutions and infrastructure to enhance the quality of life for citizens and the community. NEC APAC's expertise includes solutions for carrier networks, biometric identification, enterprise applications and infrastructure, unified communications, multimedia displays and smart energy, as well as the provision of managed services and contact centre services regionally.
Our regional competency centres, together with our research laboratories, provide cutting-edge public safety and cybersecurity technologies and solutions to enable safer cities, with a vision to create a brighter future. For more information, please visit http://sg.nec.com.
About Singapore Power and SP Centre of Excellence
Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China.
More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP's world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg.
The SP Centre of Excellence (CoE) is an initiative by Singapore Power (SP) to drive the innovation and commercialisation of next-generation energy network technologies for the greater reliability and efficiency of Singapore's infrastructure. Supported by the Singapore Economic Development Board, the CoE aims to establish SP as a thought leader in the utility industry forefront and build future-ready energy networks and resource capabilities, to stay ahead of global trends such as the drive for smarter and greener performance, to sustainably meet the evolving customer needs of the future.