Bruce Power and Rolls-Royce sign multi-year cooperation agreement for plant life extension
Bruce Power and Rolls-Royce have entered into an agreement to implement Rolls-Royce’s innovative digital analytics tools as part of Bruce Power’s Life-Extension Program.
As part of the contract, Rolls-Royce will implement its proven digital technology designed to optimize the operational life of nuclear power plants, known as T-104. The digital technology utilizes worldwide nuclear operating data to provide best-in-class asset management services to the Bruce Power fleet.This enables Rolls-Royce to convert that intelligence into valuable insights to help Bruce Power improve the operational efficiency of its plants.
Rolls-Royce employees will be embedded within Bruce Power so the two organizations can work closely together to use Rolls-Royce’s powerful, demand-driven forecasting data to improve equipment reliability and reduce inventories and maintenance and materials costs, while improving operational and supply chain practices. The end result is expected to be dramatic operating cost reductions as well as major reductions in capital tied up in parts inventories.
“Big data analytics is a core competency at Rolls-Royce,” said Paul Tobin, Executive Vice President at the company’s Nuclear Digital Services (NDS) unit. “We developed this capability in our aerospace business, where monitoring and mining the enormous data volumes continuously generated by aircraft engines and other aircraft systems has allowed us to achieve massive reductions in operating costs, while concurrently improving safety and reliability. We are 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.”
Mike Rencheck, Bruce Power’s President and CEO, said Bruce Power is pleased to work with Rolls-Royce on this contract, which promises operating cost savings among other benefits.
“By aligning with strong partners we can get the work done that will allow us to continue supplying 30 per cent of Ontario’s electricity at 30 per cent less than the average cost to generate residential power,” Rencheck said.
Expanding partnerships with local presence
To support its growing relationship with Bruce Power, Rolls-Royce has also announced it is opening its third Nuclear Services office in Canada, in Port Elgin, ON. The Port Elgin office is expected to be the focal point over the multi-year implementation of Rolls-Royce’s T-104 optimization program across Bruce Power. It will draw support from other Rolls-Royce facilities in Pittsburgh, Pennsylvania, and Peterborough, Ontario.
“The importance of expanding our local supply chain network to provide low-cost services close to site has been a commitment of mine over the past year,” Rencheck said. “I applaud Rolls-Royce for their expansion into the region. They will be a great community asset, creating high-skilled jobs, supporting community economic development and enabling innovation in the region.”
“Rolls-Royce has been a key partner to Bruce Power on a number of projects and we are pleased to further strengthen our commitment to plant life-extension work with a local presence and a team on hand to support Bruce Power, and be part of the community,” Tobin added.
About Bruce Power
Formed in 2001, Bruce Power is an electricity company based in Bruce County, Ontario. We are powered by our people. Our 4,200 employees are the foundation of our accomplishments and are proud of the role they play in safely delivering clean, reliable, low-cost nuclear power to families and businesses across the province. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live. Learn more at www.brucepower.com and follow us on Facebook, Twitter, LinkedIn, Instagram and YouTube.
A world-leader in the aerospace, marine, and nuclear power generation markets with over £13.8 billion in revenue, Rolls-Royce has a large and highly experienced nuclear skills base that provides nuclear utilities with integrated, long-term solutions and support services that span the whole reactor lifecycle and help them optimize plant operations and reduce operating costs, improve equipment reliability and uptime, extend plant life, and keep nuclear plants in compliance with ever-changing regulations. With nuclear expertise including component manufacturing, licensing, project and supply chain management coupled with its world-class engineering pedigree, the company has been a key player in the nuclear power generation industry for over 50 years.
For more information, contact:
Bruce Power – John Peevers, 519-361-6583; email@example.com
Rolls-Royce – Joel Reuter, 317-410-1000; firstname.lastname@example.org