Explore Asset Life
Forecast & Investment
- Create long-term investment plans that minimize financial risk
- Decisions that reduce CAPEX by 35%
- Maintain and improve network reliability
- Optimize within budget constraints
- Make and compare future scenarios
- Integration with GIS and metering databases
Maintenance & Planning
- Mobile application for registering all asset replacements, repairs, and inspections
- Insights that reduce OPEX by 25%
- Resource planning with GANTT overview
- Easy access to instructions and data manuals
- Integration with ERP and GIS systems
- Aligned with DS/IN 13306 and ISO 9001 standards
- Open-source risk assessment software for regulators and data scientists
- Algorithms for probability of failure, consequences of failure and risk matrices
- Weibull analysis on failure statistics
- Train probability of failure models on new data and create new asset categories
- Aligned with ISO 55000 standards
We work for
Utiligize is going international!
We are thrilled to announce that we are going international! Recently, we have established ourselves in the Norwegian market, where Jostein Andreassen will lead our sales team as the new Country Sales Manager.
Investments in grids in Norway to double by 2030
Utiligize’s CEO, Kalle Thorbjørn Scharff Hansen, participated in Pareto Securities' 25th annual Power & Renewable Conference in Oslo, which focused on current trends and new developments in the energy sector.
Verkosto 2023 in Tampere, Finland
Utiligize were dipping their toes in the Finnish waters at the conference Verkosto 2023 trade fair. Utiligize’s CEO, Kalle Thorbjørn Scharff Hansen, gave a speech on how Asset Life can help DSOs plan grid reinforcements based on forecasts on future load.
Nord Energi Net selects Utiligize to forecast loading with Asset Life
Nord Energi Net chooses Asset Life to optimize investments and make N-1 calculations. It’s with great pleasure that Utiligize can announce, that Nord Energi Net A/S has chosen Asset Life to optimize investments, estimate future loading and adapt N-1 calculations as part of operating the electric distribution grid in the Northern part of Jutland.
Dinel selects Utiligize to forecast loading with Asset Life
Utiligize is delighted to introduce Dinel A/S as a new customer of Asset Life. Dinel, who operates an electric distribution grid in the Eastern part of Jutland, will be using the Forecast & Investment module to estimate existing and future loading in their low, medium and high voltage grids.
A 3 minute intro to Asset Life
Electrification of society will be expensive if utilities don’t make smart investment and maintenance decisions. Utiligize provides a forward-looking software tool that forecasts investment and flexibility needs based on scenarios for the growth of DERs in the coming decades.
CNAIM 2.1 with Danish assets now freely available
In 2021 Ofgem (Office of Gas and Electricity Markets, the regulator in Great Britain) released the new updated CNAIM 2.1 version. In short CNAIM is an asset failure risk assessment model following the ISO 55000 standard based on the United Kingdom’s electricity distribution.
Veksel A/S invests in Asset Life
Veksel A/S who operates the electrical grid of Langeland, has purchased Utiligize’s Asset Life platform, in particular the Forecast & Investment tool to optimize investments to efficiently expand the grid.
New Team Members
We are very happy to expand our team and are welcoming Daryna Shybaieva, Kenneth Røsland Rosenørn, Sergey Klyapovskiy, Kristian Thy and Jens Knudsen to Utiligize. Daryna or ‘Dasha’ comes with unique experience from Ukraine where she led a team of GIS professionals, IT development- and IT infrastructure teams and is our infrastructure engineer.
Utiligize chosen for Flexibility Heat Grid pilot
There is great potential in increasing the efficiency of district heating consumption-, distribution- and production by managing district heating users’ consumption more intelligently. Optimized control of district heating units can improve energy efficiency in households and provide better cooling of the return temperature in the district heating system, thus reducing heat loss.
New investors support Utiligize
Eviny Ventures – a subsidiary of the Norwegian energy company Eviny – plus the privately owned Danish venture fond, 2L Holding, buys equity in Utiligize of close to 2M€, securing an ownership of approximately 11% each.
Can Denmark's high voltage grid handle a quadrupling of wind and solar?
As electric utilities plan for a tsunami of electric vehicles and heat pumps, and a fresh boom of onshore wind and solar farms, it is interesting to look at the grid’s basic features: value and age.
OPEX savings with Asset Life
Electric utilities are under enormous pressure to modernise their business practices and support electricifcation of transport, heating and industrial processes. At Utiligize, we optimize daily operations through data-driven decision making and present it to users through an intuitive dashboard and mobile app that provides task management, time registration, document management and a form-building tool.
TREFOR selects Utiligize’s Asset Life to monitor and predict grid loading
Danish version here (Dansk version her). TREFOR El-net has chosen Utiligize’s software, Asset Life, to provide a complete overview of their current network loading and forecast of future loading considering different green transition scenarios.
No green transition without controlling losses
At Utiligize, we’ve spent the last couple of years fine-tuning our asset management software to minimise costs for utilities. Losses are a key driver of costs, whether you operate a gas, water, heating or power network.
New study on the impact of electric vehicles and heat pumps on the grid
The Danish Energy Agency today published our report on how distributed energy resources (DERs) like electric vehicles (EVs), heat pumps and solar panels will impact the distribution grid in Denmark.
Open Source CNAIM for R
The green transition will require significant investment in utility infrastructure. Many countries have restrictive income caps or fixed tariffs that do not allow for investment to support the electrification of transport, heating and agricultural processes.
Where, When, and How Much Should We Invest Through the Green Transition
This white paper discusses a data-driven approach to investments, maintenance and containing risk, using forwarding looking asset management for utilities. Download a copy here.
Forecasting distribution grid flows using smart meter data
We are extremely proud of Jules Truong, who finished his Master Thesis under Utiligize’s and Professor Pierre Pinson’s supervision. He applied machine learning to forecast production and consumption on Evonet’s (now merged into N1) network – from high to low voltage.