STOCK TITAN

Emerson Helps Alaska’s Largest Wind Farm Provide Reliable, Affordable Clean Energy

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Emerson (NYSE: EMR) has completed a digital transformation project at Golden Valley Electric Association's Eva Creek wind farm, enhancing clean energy reliability in northern Alaska. The project aims to optimize management of the state's largest wind farm, which generates nearly 25MW of low-cost electricity, significantly reducing fossil fuel use. Emerson's solutions have resulted in a remarkable 65% cut in operations and maintenance costs. As a leader in distributed control systems, Emerson supports GVEA in its mission to enhance renewable energy access while minimizing its carbon footprint.

Positive
  • 65% reduction in operations and maintenance costs.
  • Enhanced reliability of the Eva Creek wind farm.
  • Increased clean energy generation capacity.
  • Strengthened market position as a leading distributed control systems provider.
Negative
  • None.

Emerson (NYSE: EMR) today announced the completion of a digital transformation project to increase the reliability of clean energy generation at Golden Valley Electric Association’s (GVEA) Eva Creek wind farm. The project improves the management of Alaska’s largest wind farm.

Rural Alaskan communities are on the front line of climate change, given the region’s extreme weather. As the largest electric utility serving northern Alaska, GVEA and its Eva Creek wind farm supply nearly 25MW of reliable, low-cost electricity to customers, while reducing fossil fuel usage.

Emerson’s sustainable grid solutions have delivered fast results, increasing the reliability of GVEA’s wind turbines and contributing to a 65% reduction in operations and maintenance costs.

“Emerson is a key collaborator in our goal to increase access to clean energy for our customers in northern Alaska,” said Frank Perkins, GVEA vice president of power supply. “Our investment in a common automation platform helps us efficiently incorporate more renewable energy and minimize our carbon footprint.”

Emerson’s solutions simplify management of the Eva Creek wind farm and provide more accurate equipment diagnostics and analytics for forecasting and dispatch. The end-to-end solution incorporates Emerson’s Ovation™ automation platform and OSI monarch™ software to expertly help utilities achieve a more resilient, responsible and smarter power grid.

“Increased visibility into Eva Creek operations enables GVEA to further safeguard the reliable operation of this critical source of renewable energy for northern Alaska,” said Bob Yeager, president of Emerson’s power and water solutions business. “With Emerson’s comprehensive portfolio of sustainable grid solutions, GVEA is well positioned to optimize operations across its entire power system, from generation to meter.”

Emerson has been ranked as the leading distributed control systems provider for the global power generation industry, according to Omdia.1

1Omdia, Distributed Control Systems Report, 2020. Market share based on revenue. Results are not an endorsement of Emerson. Any reliance on these results is at the third-party’s own risk.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visit Emerson.com.

Additional resources:

FAQ

What recent project did Emerson complete at the Eva Creek wind farm?

Emerson completed a digital transformation project to enhance the reliability of clean energy generation at the Eva Creek wind farm.

How much electricity does the Eva Creek wind farm generate?

The Eva Creek wind farm supplies nearly 25MW of reliable, low-cost electricity.

What percentage reduction in operations and maintenance costs was achieved?

The project led to a 65% reduction in operations and maintenance costs.

What is Emerson's stock symbol?

Emerson's stock symbol is EMR.

How does Emerson's project contribute to environmental goals?

The project helps minimize fossil fuel usage and supports increased access to clean energy.

Emerson Electric Co.

NYSE:EMR

EMR Rankings

EMR Latest News

EMR Stock Data

74.11B
568.13M
0.35%
79.94%
1.62%
Specialty Industrial Machinery
Electronic & Other Electrical Equipment (no Computer Equip)
Link
United States of America
ST LOUIS