Improving asset management capabilities in line with the Smart Grid principle e.g. more intelligent monitoring of assets’ remaining life. PHM is, broadly speaking, the science of analysing the operating and environmental parameters of a system and using those data points to predict the remaining useful life of the system. PHM generally falls into three categories: Data Driven, Physics of Failure and Fusion. Data Driven prognostics uses historical knowledge of the system to build statistical models that can predict system condition and system life. Physics of Failure prognostics uses the underlying physics of an identified failure mechanism to predict the progression of the failure. Fusion prognostics take both of these models and fuse their results to obtain a broader and more accurate measure of failure.

Benefits

The learning generated from this project will directly benefit all transmission network licensees and Distribution Network Operators since they are all running ageing assets. The system can potentially provide better and more accurate assessment of an operational transformer’s health and condition and help system planners make informed asset management decisions.

Should the project be successful other network licensees could find use of the technology in assessing other assets on the grid thereby extending the potential financial benefits from the system.