What we do

Asset-intensive companies demand predictable production at the lowest sustainable cost, starting with a clear picture of an enterprise’s overall asset health.   Using intelligent asset strategies, Meridium’s Asset Performance Management (APM) software and solutions can help your organization reduce operating risk and improve reliability by predicting and preventing asset failures. 

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Clients
Nova Scotia Power Uses Meridium to Target Business Challenges

Understanding the health of equipment is a growing challenge as assets age and use patterns change. Nova Scotia Power tackles that challenge with a quality risk profile, compiled from predictive and preventive maintenance information, equipment surveillance records, and health assessments. By collecting data typically spread across different parts of the organization, they can see the details they need to drive the right steps for improvement. Using Meridium to integrate all the elements of good asset management is a key strategy for Nova Scotia Power.

Challenges & Issues

  • Understanding the health of their equipment
  • Aging assets with changing utilization
  • Advisories, recommendations, root cause analyses and engineering actions managed on a plant-by-plant basis
  • Difficulties in managing asset issues in an effective and transparent manner including the potential for errors

Solutions

Nova Scotia Power identified the need for an asset performance management system capable of gathering fleet-wide predictive and preventive maintenance, equipment surveillance, engineering and reliability actions together to administer health assessments and drive quality risk profiling for the identification of appropriate mitigating actions.

Results

Previously, Nova Scotia Power relied on plant expertise and local knowledge to understand asset health on a plant-by-plant basis. Meridium now helps to deliver the diagnostics, maintenance strategy, and information management to understand, with a higher level of confidence, the condition of Nova Scotia Power assets fleet-wide, delivering consistency to their equipment health assessments and fleet risk profiling. This information layer is something the company sees as absolutely critical to the management of their equipment assets.