{"id":19727,"date":"2022-05-18T02:03:00","date_gmt":"2022-05-18T09:03:00","guid":{"rendered":"https:\/\/copperleaf-test.majortom.dev\/case-study-copperleaf-selected-to-deliver-national-grids-futurenow\/"},"modified":"2022-11-11T15:02:24","modified_gmt":"2022-11-11T23:02:24","slug":"case-study-copperleaf-selected-to-deliver-national-grids-futurenow","status":"publish","type":"post","link":"https:\/\/copperleaf-test.majortom.dev\/en\/blog\/case-study-copperleaf-selected-to-deliver-national-grids-futurenow\/","title":{"rendered":"Case Study: Copperleaf Selected to Deliver National Grid\u2019s \u201cFutureNow\u201d"},"content":{"rendered":"

This case study<\/a> is reproduced with permission from National Grid Partners<\/a> and was originally published\u00a0on the NGP site.\u00a0<\/em><\/p>\n

Should an organization invest its time, money, and resources into a $100 million, multi-year program to build a new substation? Or spread that investment across a number of smaller projects delivering different benefits?<\/p>\n

This is the kind of key challenge National Grid\u2019s Massachusetts and New York Electric Planning and Asset Management teams tackle on a regular basis.<\/p>\n

Elton Prifti, Director of Distribution Asset Management & Engineering, and Fedor Petrenko, Principal Product Manager, IT and Digital, shared how their team is now maximizing investment decisions with the help of NGP portfolio company Copperleaf, which was selected through a competitive tender process. The Vancouver, BC-based software developer provides decision analytics solutions that help asset-intensive organizations develop more effective investment plans for their diverse asset portfolios.<\/p>\n

\n

Copperleaf is a proven asset investment portfolio management platform that can assess hundreds of projects on their own merits . . . we now have over 300 colleagues managing all their project information in one place. This is genuinely going to save us time, improve our decision-making, and give us a clear picture of each project\u2019s value.<\/p>\n

Fedor Petrenko
\nPrincipal Product Manager, IT and Digital
\nNational Grid
\n<\/cite><\/p><\/blockquote>\n

Prifti explained, \u201cWith thousands of projects ongoing across the US electric businesses, we need to be able to make informed investment decisions to determine which projects to start \u2014 and when \u2014 to drive the most value for our customers and the business.<\/p>\n

Project planning can be tricky at the best of times, even for those who are experienced, with a whole host of factors to take into account. We\u2019ve previously had to use multiple systems and processes across a number of teams, meaning lots of extra time and effort.<\/p>\n

And we relied on cumbersome Excel spreadsheets filled with complex macros and formulas. But this is changing with FutureNow, which we are delivering with the help of Copperleaf.\u201d<\/p>\n

The Future is\u2026 FutureNow<\/h4>\n

Petrenko described how the recent FutureNow digital project came together.<\/p>\n

\u201cCopperleaf is a proven asset investment portfolio management platform that can assess hundreds of projects on their own merits and allow colleagues like Elton to make informed decisions on where and how to invest,\u201d he said.<\/p>\n

\u201cIt can calculate the value or benefits of individual projects based on multiple criteria like reliability, safety, cost, time, resources and the impact to our customers. Copperleaf can even account for the age of equipment and any possible risks.<\/p>\n

\u201cThen, and here\u2019s the really cool bit, it can compare projects against each other across the entire portfolio, based on selected criteria to help us make trade-off decisions based on robust data. So we can deliver value more quickly and get more bang for our buck.\u201d<\/p>\n

Prifti described the launch: \u201cAfter much planning, training and support, we now have over 300 colleagues managing all their project information in one place. This is genuinely going to save us time, improve our decision-making, and give us a clear picture of each project\u2019s value.\u201d<\/p>\n

About Copperleaf<\/h4>\n

Copperleaf\u2019s software leverages operational and financial data to enable clients to make investment decisions that deliver the highest business value. The Copperleaf Decision Analytics Solution was initially implemented at National Grid Gas USA in 2017, followed by National Grid Gas Transmission and National Grid Electricity Transmission in the UK in 2018. The success of these implementations across National Grid business units led National Grid Partners to invest in Copperleaf in 2019. Copperleaf was selected to deliver the FutureNow program through a competitive RFP process.<\/p>\n

About National Grid Partners<\/h4>\n

National Grid Partners (NGP) serves as the eyes and ears of the business, searching for innovations to keep National Grid at the forefront of the energy industry. As the corporate investment and innovation arm of one of the world\u2019s largest investor-owned energy companies, NGP is helping drive the transition to a more digitized, smarter, and renewable energy system. NGP does so by investing and collaborating at the intersection of emerging technology and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

This case study is reproduced with permission from National Grid Partners and was originally published\u00a0on the NGP site.\u00a0 Should an organization invest its time, money, and resources into a $100 million, multi-year program to build a new substation? Or spread that investment across a number of smaller projects delivering different benefits? This is the kind […]<\/p>\n","protected":false},"author":3,"featured_media":26014,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_searchwp_excluded":"","footnotes":"","_wp_rev_ctl_limit":""},"categories":[66],"industry":[176],"acf":[],"yoast_head":"\nCase Study: Copperleaf Selected to Deliver National Grid\u2019s \u201cFutureNow\u201d - Copperleaf<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Case Study: Copperleaf Selected to Deliver National Grid\u2019s \u201cFutureNow\u201d - Copperleaf\" \/>\n<meta property=\"og:description\" content=\"This case study is reproduced with permission from National Grid Partners and was originally published\u00a0on the NGP site.\u00a0 Should an organization invest its time, money, and resources into a $100 million, multi-year program to build a new substation? 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