TenneT Netherlands and TenneT Germany Select the Copperleaf Solution for Health Index and Asset Performance Management
Vancouver, BC, January 28, 2024—Copperleaf, an IFS company, announces the selection of its decision analytics solution by TenneT, a leading European Transmission System Operator (TSO) serving 43 million people throughout Germany and the Netherlands.
To safeguard the reliability of the power supply, TenneT needs to regularly maintain and replace assets within the grid. To support this, the company will develop comprehensive maintenance and replacement strategies based on a value framework to ensure assets continue to operate efficiently and effectively. As electricity demand continues to increase and evolve rapidly, managing the asset lifecycle has become increasingly complex.
TenneT identified the need for a holistic framework and supporting APM (Asset Performance Management) tool to address important asset management challenges such as limited resources, as well as financial constraints and outage planning. In addition to the tool, TenneT was looking to build a strategic relationship that will help the company reach its long-term goals. Copperleaf Asset™ empowers organizations to optimize asset planning decisions for the next one to one hundred years. Asset managers can create the best asset plans by incorporating risks, costs, and value overtime for each asset and calculating optimal intervention dates while accounting for all business constraints and targets. Copperleaf Asset aligns every decision using a Value Framework to balance operational needs with strategic objectives.
Organizations can make better and holistic decisions for their assets by balancing operational objectives such as safety, reliability, cost, levels of service, and environmental and social responsibility. Copperleaf Asset helps organizations balance these factors and make optimal and rigorous asset sustainment decisions with agility and efficiency.
“We are pleased that both TenneT Netherlands and TenneT Germany have once again placed their trust in Copperleaf by selecting us in two separate tenders,” said Karim Jawad, Copperleaf’s Senior Regional Sales Manager for Central Europe. “TenneT is already using Copperleaf Portfolio for AIP (Asset Investment Planning) and are now expanding our partnership by selecting Copperleaf Asset for APM (Asset Performance Management). Having an integrated solution for two separate use cases will help TenneT unlock even greater value and drive more informed decisions.”
“We are excited to deepen our relationship with TenneT,” added Fin Jennrich, Copperleaf’s Regional Director, Central Europe & Nordics. “Our expanding collaboration is a testament to the trust TenneT places in the Copperleaf team, our solutions, and the value they deliver to TenneT both in Germany and the Netherlands.”
About TenneT
TenneT is a leading European grid operator. We are committed to providing a secure and reliable supply of electricity 24 hours a day, 365 days a year, while helping to drive the energy transition in our pursuit of a brighter energy future – more sustainable, reliable and affordable than ever before. In our role as the first cross-border Transmission System Operator (TSO) we design, build, maintain and operate over 25,000 kilometres of high-voltage electricity grid in the Netherlands and large parts of Germany, and facilitate the European energy market through our 17 interconnectors to neighboring countries. We are one of the largest investors in national and international onshore and offshore electricity grids, with a turnover of EUR 9.2 billion and a total asset value of EUR 45 billion. Every day our 8,300 employees take ownership, show courage and make and maintain connections to ensure that the supply and demand of electricity is balanced for over 43 million people.
About Copperleaf, an IFS company
Copperleaf provides enterprise decision analytics software solutions to companies managing critical infrastructure. We leverage operational and financial data to empower our clients to make investment decisions that deliver the highest business value. What sets us apart is our industry-leading products and our commitment to providing extraordinary experiences, shaped by people who care deeply and partnerships that stand the test of time. Copperleaf is actively involved in shaping and implementing global industry standards and sustainability principles through our participation in the United Nations Global Compact, the Institute of Asset Management, and other organizations. Headquartered in Vancouver, Canada, our solutions are distributed and supported by regional staff and partners worldwide. Together, we are transforming how the world sees value.
For further information, please contact:
Copperleaf Technologies Inc.
Office: +1.604.639.9700
Email: Media Relations