The Energy & Utilities sector is the collection of companies involved in the production, storage, transport and distribution of gas, water and electricity. This sector is subject to major changes due to new energy legislation, new forms of energy generation (wind, solar, bio, etc.) and the strong emergence of smart metering and data-driven applications. At the same time, current production facilities and the infrastructure in this sector are significantly aging.
These changes have a major impact on the way in which the technical department must function. In addition to regular maintenance, the department is required to become far more involved in asset lifetime extensions and in modernizing infrastructure and production sites. The application of new technologies requires a long-term focus on and understanding of the user market. As such the technical department migrates from a maintenance service to a Maintenance & Asset Management organization.
Many Energy & Utility companies use VDMXL to manage this transformation. This has given companies a better grip on the availability and safety of their asset base, and the related costs.