Business Wire

Cognite Awarded Contracts with Statnett, Norwegian State Owned Grid Operator, to Deliver Data Contextualization Platform and Digital Solutions within Smart Asset Management and Power System Analysis

Share

Cognite has been awarded three contracts by Statnett, the system operator of the Norwegian power system, to develop and deliver a data contextualization platform and digital solutions within the areas of Power System Analysis and Smart Asset Management.

By selecting Cognite, Statnett gains access to scalable, cloud-based technology that will help the grid operator achieve its ambitious digitalization goals. The energy transition depends in part on a robust power grid that can integrate new sources of renewable energy and handle the growing electrification of society. Liberated, contextualized data will help power that transition.

“This partnership strengthens our ambition to become more data-driven in our decision-making processes. We’re developing digital solutions and making them available to our core business, which will help us boost our efficiency, improve our customer response time, and reduce costs,” said Beate Sander Krogstad, Executive Vice President for IT at Statnett.

Cognite and Statnett have over the past two years participated in a research and development project to find better and more efficient ways to query and handle data in the power system domain. The R&D collaboration uncovered a need for a data contextualization platform, a software solution that combines data and metadata from different sources and systems.

As part of the contracts awarded by Statnett, Cognite’s industrial DataOps platform, Cognite Data Fusion, will be used as part of Statnett's data platform. More than 50 industrial companies worldwide, among them Hafslund E-CO, Aker BP and OMV, are using Cognite Data Fusion to operate and produce smarter, safer, and more sustainably. For Statnett, Cognite Data Fusion will give applications and analysts easy access to contextualized data, and enable Statnett to develop new, relevant applications at the top of the contextualization platform.

“Cognite’s solutions can help digitalize the power and utilities industry, and Statnett will now be able to incorporate these solutions into its operations. As this partnership kicks off, I would also like to extend an invitation to other interested parties to reach out so that we can explore further opportunities for collaboration,” said John Markus Lervik, CEO of Cognite.

Faster analysis, smarter maintenance

One of the areas where Cognite’s solutions will be used is in Power System Analysis (PSA). As the electrification of society accelerates, grid operators such as Statnett need to be able to connect new power generation systems and consumers to the grid in a safe and efficient manner. To process grid connection applications, analysts need to examine large quantities of data to determine whether the grid must be upgraded to handle the increased load.

With all the relevant information needed to process grid connection applications accessible in one location, Statnett’s analysts can more efficiently process grid connection applications. This will streamline Statnett’s workflows and help the grid operator assist customers throughout the connection process.

Cognite will also contribute technology for Smart Asset Management (SAM). Today, Statnett conducts regular maintenance of transformers, power lines, gas-insulated substations, and the other components that form the power grid. With improved access to contextualized data in Cognite Data Fusion, Statnett can better determine the condition of the various components and how it will change over time.

Cognite’s bid for the contracts was awarded the highest overall score as part of the open request for proposals (RFP) process. Cognite’s bid exhibited a high level of expertise and met Statnett’s technical and security-related requirements.

About Cognite

Cognite is a global industrial software-as-a-service (SaaS) company supporting the full-scale digital data driven transformation of heavy-asset industries around the world. Our core product, Cognite Data Fusion (CDF), is an industrial data operations and contextualization platform, putting raw data into real-world industrial context, enabling rapid application & solution creation at scale. CDF powers companies with contextualized OT/IT/ET data to develop solutions that increase safety, sustainability, efficiency, and drive revenue. Visit us at www.cognite.com and follow us on Twitter @CogniteData or at LinkedIn: https://www.linkedin.com/company/cognitedata

Contact information

Michelle Holford
Global PR Lead, Cognite
+1 (512) 744-3420 (US)
+47 482 90 454 (Norway)
michelle.holford@cognite.com

About Business Wire

Business Wire
Business Wire



Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Hyosung TNS Invites Customers to ‘Be Inspired’ With New Campaign25.2.2021 17:00:00 CETPress release

Hyosung TNS, the world-leading ATM manufacturer, has begun a global initiative to reinvent its user experience through the implementation of a branding refresh titled “Be Inspired.” The campaign draws upon the impressive technological history of the industry innovator to lead clients through a journey to experience solutions-driven communication. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210225005240/en/ Hyosung TNS' technologically impressive, new 140-page website has been designed to unify Hysoung's leadership in the financial institution and retail industries and consolidate all of its previous, regional websites into one global website, including a multi-language interface and an intuitive, interactive product catalog. (Photo: Business Wire) The “Be Inspired” initiative employs “plain language and interaction” that show how Hyosung is inspired by its customers to create new business solutions – and how those solutio

CMT’s New Report Confirms Increasing Appetite for Connected Insurance in Europe25.2.2021 16:25:00 CETPress release

A large shift in driving habits due to the COVID-19 pandemic has changed how people think about motor insurance across Europe, according to a new study by Cambridge Mobile Telematics (CMT), the world’s leading mobile telematics and analytics provider. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210225005773/en/ (Graphic: Business Wire) Based on the surveys of 4,000 drivers in France, Germany, Italy and the U.K., the new report shows shifting attitudes towards quoting channels, claims services, pricing models and value-added services, broken down and analysed by location, age and driving behaviour. The two surveys - taken in January 2020, before the pandemic, and then nine months later in September 2020 - reveal up to 81 percent of the drivers in Europe have changed how they drive because of COVID-19. Now 65 percent are interested in connected insurance, a 32% jump in nine months. The pandemic has modified commuting patter

Alpega Group Showed Impressive Results In 202025.2.2021 16:00:00 CETPress release

Alpega Group, a leading provider of end-to-end transportation and logistics management software, has positioned itself to meet logistics challenges with impressive results in 2020. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210225005665/en/ Alpega Group, a leading provider of end-to-end transportation and logistics management software, has positioned itself to meet logistics challenges with impressive results in 2020. (Photo: Alpega Group) Alpega’s business units had an outstanding performance last year. On one hand, their freight exchanges’ customer acquisitions strongly grew by 20% compared to the previous year and existing clients had a higher renewal rate. On the other hand Alpega TMS added 83 new customers and had a tremendous increase in usage of their smart booking solution. Alpega’s CEO, Todd DeLaughter, commented on these results: “I’m very excited with Alpega’s excellent performance proving the value of our sol

MyHeritage Releases Groundbreaking Feature to Animate the Faces in Still Photos25.2.2021 15:54:00 CETPress release

MyHeritage, the leading global service for discovering your past and empowering your future, announced today the release of Deep Nostalgia™, a new feature that animates the faces in still photos. Deep Nostalgia™ gives family history a fresh new perspective by producing a realistic depiction of how a person could have moved and looked if they were captured on video. MyHeritage is the only company to offer a complete suite of features for colorizing, restoring, enhancing, and now animating historical photos. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210225005747/en/ Introducing Deep Nostalgia™ (Photo: Business Wire) The technology for animating the faces in photos was licensed by MyHeritage from D-ID, a company that specializes in video reenactment using deep learning. Deep Nostalgia™ uses several pre-recorded driver videos prepared by MyHeritage, which direct the movements in the animation and consist of sequences of rea

Andersen Global Enhances Caribbean Platform with Baptiste & Co. Law Firm25.2.2021 15:30:00 CETPress release

Further strengthening its Caribbean platform and adding additional coverage in the southern edge of the region, Andersen Global expands into St. Vincent and the Grenadines with collaborating firm Baptiste & Co. Law Firm. Established in 1986, Baptiste & Co. Law Firm, was founded by Managing Partner René M. Baptiste, who possesses more than 40 years of experience. In addition to founding the firm, René’s accomplishments include admission to the Bar in St. Vincent and the Grenadines, Antigua and Barbuda, Saint Kitts and Nevis; published articles in the International Finance journal; two terms of service as an elected member of Parliament and Cabinet Minister in St. Vincent and the Grenadines; and the role of Speaker of the Organization of Eastern Caribbean States’ Assembly. Additionally, she possesses well over 50 years of public service, which has resulted in recognition from Her Majesty Queen Elizabeth II in the form of elevation to Commander of Saint Michael and Saint George (CMG) for

C3 AI Awarded Robust Omnibus U.S. Patent for End-to-End Enterprise AI Platform25.2.2021 15:00:00 CETPress release

C3 AI today announced that it was awarded a broad-ranging omnibus patent for the company’s end-to-end enterprise AI solution, C3 AI® Suite, further solidifying the company’s position as a leading enterprise AI software provider for accelerating digital transformation, as well as strengthening C3 AI’s intellectual property and competitive advantage. The newly issued U.S. patent (No.10,817,530) was granted for “systems, methods, and devices for an enterprise AI application development platform.” The patent encompasses not only advanced data processing and AI application development, but also the extensive array of techniques necessary to build an end-to-end enterprise AI platform, including C3 AI’s unique model-driven architecture. “This patent is the most significant and substantial we have been awarded to date,” said Thomas M. Siebel, CEO of C3 AI. "When we filed years ago, no one else conceived of a comprehensive, end-to-end solution with a model-driven architecture that accelerates t

Lenovo to Be Main Sponsor of Red Bull Illume Image Quest 202125.2.2021 15:00:00 CETPress release

The world’s greatest adventure and action sports imagery contest, Red Bull Illume® returns in 2021 with global technology leader, Lenovo™, as its Exclusive Computing Sponsor. A showcase for the best of adventure and action sports imagery, the competition is expected once again to receive tens of thousands of entries from around the world including some of the most creative and extreme images ever captured. As part of this two-year partnership, Lenovo will be involved through brand, product placement and logo incorporation for both online and in-person content, prizes for finalists and winners, as well as having promotional access to the incredible contest imagery. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210225005071/en/ Austrian photographer Philip Platzer gets the perfect in-air shot of Red Bull Skydive teammate, Marco Fürst, participating in The Megaswing Project. (Photo: Philip Platzer/ Red Bull Illume) Lenovo enab

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom