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    Stay on top of what's happening with OSIsoft. Hear the latest in PI System™ innovations and breakthroughs from our partners, and customers, as well as industry experts and thought leaders.

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    Hexagon and OSIsoft Collaborate on Enhancing Digital Twins for Industry with HxGN SDx® Connector
    February 4, 2020

    HUNTSVILLE, Ala., and SAN LEANDRO, Calif. - Hexagon's PPM division, the leading global provider of engineering software for the design, construction and operation of plants, ships and offshore facilities, announces the availability of HxGN SDx® Connector for OSIsoft to simplify and accelerate the process of creating, deploying and using industrial-scale digital twins.

    HxGN SDx is a platform for creating digital twins from multiple data streams to improve asset health, reduce maintenance costs, and improve overall performance at chemical facilities, oil and gas operations and other industrial plants across the process industries. OSIsoft's PI System is a global leading platform for managing and curating data from equipment, assets, plants and other critical operations. The SDx Connector for OSIsoft effectively serves as a bridge between the two technologies, interfacing historical and real-time data from the PI System into Hexagon's models to provide plant managers, executives and engineers greater visibility while reducing the time and expense of data preparation.

    “The SDx Connector for OSIsoft is the latest step in our strategy to make it easier for organizations to both create digital twins as well as use them across their enterprises. We want to give them a single version of the truth,” said Jaclyn Arnold, Hexagon PPM Vice President, Owner Operator Solutions. “Our collaboration with OSIsoft provides a feature-rich presentation layer for existing manufacturing data with the context into engineering and design to drive daily and strategic operational decisions.”

    Digital twins - virtual models of real-world phenomena that can combine real-time data streams with CAD/CAM models, pricing forecasts, weather information, maintenance and equipment logs, and other sources of information into a cohesive whole - will become pervasive in industry as companies expand their IoT initiatives. Digital twins will also become a medium for breaking down data silos between internal groups or sharing data between manufacturers, service providers and end users. The research firm IDC predicts that by 2024, 50% of manufacturers will network product and asset digital twins into digital twin ecosystems for a system-level view of their business and a 5% reduction in the cost of quality.

    “The appeal of digital twin technology is obvious. The challenge is in developing the technology and best practices to accelerate adoption and spur innovation,” said Bry Dillon, Vice President of Cloud, Channels and Community at OSIsoft. “We're very excited to work with Hexagon PPM to help establish a foundation for our mutual customers to start to integrate digital twin concepts into their operations.”

    Customers are already praising this new collaborative effort.

    “The combined Hexagon and OSIsoft solutions are a major part of pushing our business to the next level," said Michael Fry, President & CEO, Deepwater Subsea. “Before this combination we were pulling all the PI System tags to match what was on the P&IDs. We can now pull up the P&IDs in SDx, click on a piece of equipment and have the trends from the PI tags appear on the same screen.

    “To me it's completely game-changing to have all this information readily available on one screen. This is the first time an end user can go to one place and get all the operations, maintenance, engineering and process data they need to do their duties. By having all this information readily available in a digital twin, I believe this is an industry first for the oil and gas industry, where it has been difficult to monitor remote assets and equipment in dangerous areas.”

    Learn more about this breakthrough digital solution for the process industries here.

    About Hexagon
    Hexagon is a global leader in sensor, software and autonomous solutions. We are putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications. Our technologies are shaping urban and production ecosystems to become increasingly connected and autonomous - ensuring a scalable, sustainable future. Hexagon's PPM division empowers its clients to transform unstructured information into a smart digital asset to visualize, build, and manage structures and facilities of all complexities, ensuring safe and efficient operation throughout the entire lifecycle. Hexagon (Nasdaq Stockholm: HEXA B) has approximately 20,000 employees in 50 countries and net sales of approximately 3.8bn EUR. Learn more at hexagon.com and follow us @HexagonAB.

     

    Media Contact

    Lev Feigin
    OSIsoft Marketing Communications
    OSIsoft, LLC
    +1.215.606.2004
    lfeigin@osisoft.com


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    Mitsubishi Chemical and OSIsoft Sign One of the First Enterprise Agreements in Japan
    January 31, 2020

    San Leandro, CA, Tokyo, Japan - Mitsubishi Chemical Corporation, a global chemicals leader, and OSIsoft LLC, a leader in operational intelligence, are proud to announce that they have signed an Enterprise Agreement (EA) to further accelerate Mitsubishi Chemical's digital transformation. This is the first Japanese chemical company to enter into OSIsoft's Enterprise Agreement.

    The Enterprise Agreement with OSIsoft will support Mitsubishi's digital transformation initiative by enabling Mitsubishi to deploy OSIsoft's PI System broadly across its operations. The initial phase of this agreement will enable Mitsubishi Chemical to improve safety and optimize maintenance costs by leveraging real-time data for operational excellence and decision-making at selected plants. Ultimately, the goal is to use real-time data infrastructure to improve operations enterprise wide at many of Mitsubishi's existing plants as well as at its new facilities planned abroad.

    “Mitsubishi Chemical cites acceleration of data utilization using a unified data platform and infrastructure, as well as a strong partnership with OSIsoft, as the key reasons for their decision,” said Takayuki Aoyama, Senior Manager of Mitsubishi Chemicals DX Promotion Group, which is responsible for achieving continuous business transformation for operational excellence. “The value of the Enterprise Agreement is not only the unlimited use of licenses, but also the advanced support that accelerates training, development, utilization, and product development.”

    “We are excited about this new level of partnership with Mitsubishi Chemicals, a true global leader in sustainability and innovation,” said Wolfgang Kuchen, Senior Vice President of Sales and Marketing at OSIsoft. “By joining Mitsubishi Chemical in their digital transformation, we are supporting their mission to create innovative solutions globally based on their core values of Sustainability, Health and Comfort.”

    The companies plan to work together to support the objectives of digital transformation.

    Mitsubishi Chemical Corporation
    The current Mitsubishi Chemical Corporation was formed on April 1, 2017 through a merger with Mitsubishi Plastics, Inc. and Mitsubishi Rayon Co., Ltd. As of March 2019, Mitsubishi Chemical Corporation and its 351 Group companies operate in business areas that include performance products and industrial materials. Mitsubishi Chemical Corporation is accelerating its growth by solving social and global issues. As issues such as climate change, water resource shortages, population growth and aging, and food and agriculture problems increasingly diversify, business domains in these related fields will collaborate to provide comprehensive solutions. For more information, please visit https://www.m-chemical.co.jp/en/.

    About OSIsoft
    OSIsoft is dedicated to helping people transform their world through data. For more, please visit www.osisoft.com.

    Media Contact:
    Lev Feigin (OSIsoft)
    lfeigin@osisoft.com
    215.606.2004

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    OSIsoft Launches a Distributed Energy Resources (DER) Collaborative
    January 28, 2020

    San Leandro, CA - OSIsoft, LLC, the leader in operational intelligence and enterprise infrastructure for streaming data, is creating a community centric data ecosystem to enable Distributed Energy Resources (DER) into the marketplace.

    Over the past several years, OSIsoft has introduced new products to help industries around the world deal more effectively with the data streaming from the explosion of IoT sensors. This transformation of the PI System architecture to one that supports a community system of data, while maintaining security, reliability, and ease of interconnection to millions of systems, will provide suppliers, consumers, and service providers, a new way to effectively share and manage data.

    Unlocking the value of data has become increasingly important as markets strive to create transparency and significantly simplify settlement and compliance. The OSIsoft community system approach to data allows a utility to securely interact with grid edge devices, such as batteries, solar inverters, and EV chargers in real time, and create new methods to help support and stabilize the electric grid, while allowing a transaction system to track, settle, and manage compliance with the market. Our real-time data infrastructure is helping to enable this efficient new marketplace by helping to realize the full potential of DER.        

    “OSIsoft is pleased to announce this DER collaborative that will leverage our community system approach to data to bring the future of the digital energy market to life,” said Dr. J. Patrick Kennedy, CEO and Founder of OSIsoft. “Our partners continue to create incredible value to industry and markets around the world by enabling the data streams captured in our system in new and fascinating ways. We are very excited about the potential that DER has to reshape our utility networks. Creating a community data system that allows both the operational and transaction systems access to DERs will rapidly create new value in the energy value chain.”

    For more information, please visit: 
    http://www.osisoft.comhttp://www.artemistechnologygroup.comhttp://www.dernetsoft.com.

    Media Contact

    Lev Feigin (OSIsoft)
    lfeigin@osisoft.com
    215.606.2004

     

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    OSIsoft and DERNetSoft Announce Partnership to Scale Adoption of Distributed Energy Resources in Cities and Communities
    January 28, 2020

    San Antonio, TX - OSIsoft, LLC, the leader in operational intelligence and enterprise infrastructure for streaming data, and DERNetSoft, Inc. announced their partnership to create and deploy an energy marketplace for cities and communities to scale adoption and integration of Distributed Energy Resources (DER).

    The combination of OSIsoft's community systems approach to data and the DERNetSoft marketplace solution, an AI-based cloud platform, creates a replicable and scalable approach for entire cities and communities to effectively engage with their utilities and DER providers. As a green button certified solution, DERNetSoft also provides a real-time interface for consumers and their providers to optimize their deployed systems and ensure operational effectiveness through detailed analytics and AI toolsets.

    Climate change is transforming the energy market as communities, cities, states, and industries are striving to reduce carbon from the energy sources they utilize. DERs have proven to be effective solutions to help meet these challenges, but the complexity of choosing the right solution at the right scale for customers has been a challenge. The DERNetSoft platform provides the tools to help customers, their communities, and businesses work together to optimize and deploy these solutions. By working with entire communities, DER are delivered at lower costs while helping to improve local grid resilience and energy security.

    The strategic deployment with our partners will allow scale deployments to be achieved through the DERNetSoft energy marketplace by effectively engaging government, commercial, industrial, and residential customers. This fully integrated solution allows DER to become a fully functional part of the energy marketplace to drive field proven increases in overall grid efficiency and resilience, further reducing energy's impact on the environment.

    “It is my pleasure to announce that the DERNetSoft platform will be integrating with the OSIsoft PI System to help end-use customers effectively engage and participate in a cleaner and more reliable distributed energy future,” said Dr. J. Patrick Kennedy, CEO and Founder of OSIsoft.

    “Achieving the desired clean energy goals of the future requires successful integration of DER technology. However, this integration is not just a matter of technology, policy or finance,” said Alberto Colombo, DERNetSoft's Founder and President. “It can only be achieved if we provide effective and easy-to-use tools to simplify the complexities that surround DERs, their interconnection, and market participation. We are excited to be part of this initiative to help make it easy for customers, and their entire communities, to engage and help solve our most significant energy challenges.”

    About DERNetSoft
    DERNetSoft targets Government, Commercial, Industrial, and Residential customers within communities and integrates data collection automation, advanced analytics, artificial intelligence and machine learning techniques to exponentially increase the adoption of Distributed Energy Resources such as Solar PV, energy storage system, fuel cell, electric vehicle, etc. Founded in 2018, DERNetSoft is a privately held company, headquartered in San Leandro, California, U.S.A.

    Media Contacts

    Alberto Colombo (DERNetSoft)
    alberto@dernetsoft.com

    Lev Feigin (OSIsoft)
    lfeigin@osisoft.com
    215.606.2004

     

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    Artemis Energy Services and OSIsoft Announce Partnership to Revolutionize the Grid through Blockchain
    January 28, 2020

    San Leandro, CA - Artemis Energy Services, a subsidiary of the woman-owned Artemis Technology Group, and OSIsoft LLC, the leader in operational intelligence and enterprise infrastructure with over two billion data streams, announced their partnership to securely track, trace, and trade energy while optimizing the electric grid.

    Today, all markets need to create transparency and significantly simplify settlement and compliance. Developed in partnership between OSIsoft and Artemis Energy Services, the blockchain solution can interact with real-time data and will create an entirely new marketplace that has the capability to serve both a single individual as well as the complex regulatory and operational authorities that govern and manage these markets.

    The strategic deployment of an existing software platform, which is designed to manage grid edge resources such as privately owned renewables, in partnership with the Artemis Transaction Engine, will lead to a field-proven 20% increase in overall grid efficiency and utilization. This efficiency gain will reduce the need for new fossil-based energy sources and utility grid system upgrades.

    As the great Theodore Roosevelt proclaimed, “It is only through labor and painful effort, by grim energy and resolute courage, that we move on to better things.” The Artemis Energy Services and the OSIsoft team are stepping up to the challenge and creating a better energy future.

    “The mission of Artemis Energy Services is to enable the efficient integration, operation, and transactional management of distributed energy resources to reduce utility costs to customers, while we continue to green our energy portfolios,” said Amanda Martinez, CEO and Co-Founder of Artemis Energy Services. “Our partnership with OSIsoft allows us to build upon the excellent foundation of operational data they've built over the last 40 years and enable these data streams into a new future of digital energy in a secure and transparent market system.”

    “It is my pleasure to announce that the Artemis Transaction Engine will be integrating with the OSIsoft PI System to bring the future of the digital energy market to life,” said Dr. J. Patrick Kennedy, CEO and founder of OSIsoft. “Data transparency and security is vitally important, and leveraging blockchain technology allows us to provide our customers with the tools they need to participate in this ever-changing energy landscape.”

    About Artemis Energy Services
    Artemis Energy Services, a subsidiary of woman owned Artemis Technology Group, is dedicated to changing the way the world tracks, traces and trades energy. Through leveraging the technology of blockchain, Artemis ES is able to provide the secure and transparent operation needed to meet current and future market demands. Founded in 2019, Artemis Energy Services is a privately-held company, headquartered in The Woodlands, Texas, U.S.A.

    Media Contacts

    Kimberly Getgen
    kim@growthcatalystmarketing.com
    (415) 867-8842

    Lev Feigin (OSIsoft)
    lfeigin@osisoft.com
    215.606.2004 

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