Rolls-Royce and Bruce Power sign multi-year cooperation agreement
11 May 2017
Rolls-Royce and Bruce Power have entered into an agreement to implement Rolls-Royce’s innovative digital analytics tools, as part of Bruce Power’s Life-Extension Program.
As part of the contract, Rolls-Royce will implement its proven digital technology designed to optimise the operational lifetime of nuclear power plants, known as T-104. The digital technology utilises worldwide nuclear operating data to provide best-in-class asset management services to the Bruce Power fleet.This enables Rolls-Royce to convert that intelligence into valuable insights to help Bruce Power improve the operational efficiency of its plants.
Rolls-Royce will have employees embedded at Bruce Power so that the two organisations can work closely together to use Rolls-Royce’s powerful demand driven forecasting data to improve equipment reliability, reduce inventories and maintenance and materials costs, while improving operational and supply chain practices. The end result is expected to be dramatic operating cost reductions as well as major reductions in capital tied up in parts inventories.
“Big Data analytics is a core competency at Rolls-Royce,” said Paul Tobin, Rolls-Royce, Executive Vice President – Nuclear Projects and Services . “We developed this capability in our aerospace business where monitoring and mining the enormous data volumes continuously generated by aircraft engines and other aircraft systems has allowed us to achieve massive reductions in operating costs while concurrently improving safety and reliability. We are now applying the same know-how coupled with our worldwide nuclear operating data and expertise to deliver high value solutions for the nuclear power generation industry.”
Mike Rencheck, Bruce Power’s President and CEO, said Bruce Power is pleased to work with Rolls-Royce on this contract, which promises operating cost savings among other benefits.
“By aligning with strong partners we can get the work done that will allow us to continue supplying 30 per cent of Ontario’s electricity at 30 per cent less than the average cost to generate residential power,” Rencheck said.
Expanding Partnerships with Local Presence
To support its growing relationship with Bruce Power, Rolls-Royce has also announced today that it is opening its third Nuclear Services office in Canada, in Port Elgin, Ontario. The Port Elgin office is expected to be the focal point over the multi-year implementation of Rolls-Royce’s T104 optimization program across Bruce Power. It will draw support from other Rolls-Royce facilities in Pittsburgh, Pennsylvania, and Peterborough, Ontario.
“The importance of expanding our local supply chain network to provide low-cost services close to site has been a commitment of mine over the past year. I applaud Rolls-Royce for their expansion into the region. They will be a great community asset, creating high skilled jobs, supporting community economic development, and enabling innovation in the region.” said Rencheck.
“Rolls-Royce has been a key partner to Bruce Power on a number of projects and we are pleased to further strengthen our commitment to plant life-extension work with local presence and a team on hand to support Bruce, and be part of the community,” says Tobin.
About Rolls-Royce Holdings plc
- Rolls-Royce’s vision is to be the market-leader in high performance power systems where our engineering expertise, global reach and deep industry knowledge deliver outstanding customer relationships and solutions. We operate across five businesses: Civil Aerospace, Defence Aerospace, Marine, Nuclear and Power Systems.
- Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
- We have three common themes across all our businesses:
- Investing in and developing engineering excellence
- Driving a manufacturing and supply chain transformation which will embed operational excellence in lean, lower-cost facilities and processes
- Leveraging our installed base, product knowledge and engineering capabilities to provide customers with outstanding service through which we can capture aftermarket value long into the future.
- Annual underlying revenue was £13.8 billion in 2016, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £80 billion at the end of 2016.
- In 2016, Rolls-Royce invested £1.3 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
- Rolls-Royce employs almost 50,000 people in 50 countries. More than 16,500 of these are engineers.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2016 we recruited 274 graduates and 327 apprentices through our worldwide training programmes.
Formed in 2001, Bruce Power is an electricity company based in Bruce County, Ontario.It delivers clean, reliable, low-cost nuclear power to families and businesses across the province. Bruce Power has worked hard to build strong roots in Ontario and is committed to protecting the environment and supporting the communities in which we live.