In a move that promises to boost India’s rapidly evolving oil and gas sector, Schneider Electric, the leader in digital transformation of energy management and automation, on Wednesday announced the launch of EcoStruxure Power and Process to drive efficiency and augment profitability in this crucial segment of the economy.
The company has partnered with Microsoft to create commercial Schneider Electric internet of things (IoT) solutions in the areas of energy management and automation, thus bringing power and process systems together. Through this platform, Schneider Electric aims to address the challenges of market volatility in the O and G sector, while reducing CapEx and OpEx by 20-30 per cent.
When power and process management systems operate as separate silos, industrial organisations soon find themselves at a competitive disadvantage. Separate teams of engineers and programmers are needed to build up and maintain operations. As a result, the cost of supporting these complex, customised interfaces across the lifetime of the asset is high and it restricts the organisation’s ability to respond to changing market conditions. With the introduction of EP and P in the Indian market, companies in the oil, gas & petrochemical sector can break down the traditional barriers between power and process control systems to solve critical engineering and operating challenges. This can result in better returns on capital employed (ROCE), with a 20 per cent reduction in CapEx, 15 per cent reduction in downtime, and 3per cent growth in profitability.
Speaking on the launch, Anil Chaudhry, Zone President & Managing Director, Schneider Electric India said – “Marketplace changes and technology advancements are making the once daunting task of converging power and process systems an attainable, cost-justifiable goal. The Indian hydrocarbon sector is at the cusp of major transformation as companies across the value chain step up their efforts to boost India’s self-sufficiency in oil and gas, expand refining capacities, and set up pipeline infrastructure for transportation across the country.
“Through our partnership with Microsoft we aim to deliver real/tangible solutions and measurable business results for oil and gas players, improve efficiency, bring down cost of running operations and raise profitability.”
By leveraging Schneider Electric EcoStruxure IoT-enabled system architecture and platform, customers can connect assets that are the center of their projects with assets that are at the center of their operations across the full lifecycle of their plants, including their supply chains. By offering both tangible IoT solutions that are available today as well as leading edge innovation to address future needs, customers will benefit from the blend of domain/subject matter expertise from Schneider Electric and industry-leading cloud technology from Microsoft.
About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.