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YOUR CHALLENGES
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Addressing aging assets: the balance between modernization, budgets, and standards
Your energy assets are crucial for the long-term reliability and efficiency of your infrastructure. As these assets age, they face significant challenges, with deterioration increasing the risk of failures that can lead to unplanned outages and costly repairs. As companies shift towards decarbonization and electrification, power systems must evolve to provide new value while maintaining high performance.
The key challenges you face include:
- Aging Infrastructure: Key assets, such as transformers and substations, require timely assessments and upgrades for reliability.
- Budget Constraints: Utilities must prioritize investments, balancing modernization needs with limited financial resources.
- Regulatory Pressures: Compliance with evolving standards drives infrastructure improvements for environmental and safety goals.
- Grid Modernization: Integration of renewable energy and management of electric vehicle adoption.
- Risk Management: Essential for forecasting failures and optimizing asset lifecycles, emphasizing predictive analytics for system stability.
At BBA, our work evolves with your needs, helping you keep equipment and operations safely working now and finding innovative ways to improve them for the future.
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OUR EXPERTISE
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We co-create value with our customers: optimizing energy asset performance and reducing costs
We are the trusted partner companies choose to mitigate risks, avoid breakdowns, and ensure customer satisfaction—all while keeping capital and maintenance investment plans front of mind.
We have helped industry-leading clients around the world, including:
- Power Utilities
- Energy Service Providers
- Commercial and Industrial Organizations
Our team of engineers, statisticians, data scientists, and management consultants enhances your strategic and on-the-ground decision-making
testing. Our frameworks are proven in regulatory proceedings and support continuous improvement initiatives, ensuring that your infrastructure delivers long-term value and performance. We provide value at every stage of your asset management journey, scaling and adapting our approach to your pace.
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Policy & planning
BBA’s team of seasoned policy and regulation experts stays at the cutting edge of energy developments, offering strategic consulting to help utilities navigate complex and ever-changing regulatory landscapes. We offer tailored insights, design customer engagement programs to inform investment planning, and support utilities with third-party witness reports, prudency reviews, and peer benchmarking. Our expertise ensures clients are well-equipped for rate applications and securing non-regulatory funding, helping them align their operations with evolving regulations and customer needs.
- Cost of service applications
- Asset management plan development
- System reliability forecasting models
- Regulatory witness reports and testimony
- Investment planning and business case development
- Strategic review and planning for utilities
- ISO 55000-compliant asset strategies
- Audit and assurance services for capital projects
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Energy asset analytics
BBA's approach to power asset management leverages advanced analytics to offer real-time insights into asset health and performance, helping predict failures and support strategic investment decisions. By adopting this proactive method, we assist clients in improving operational efficiency, minimizing risks, and ensuring long-term sustainability. This approach also ensures compliance with evolving regulatory and environmental standards, helping our clients navigate industry changes effectively.
- Development of Health Index and Asset Condition Assessment frameworks
- Implementation of life-cycle and risk-based analytics
- Real-time condition monitoring and performance insights
- Actionable investment recommendations for short- and long-term planning
- Grounding and bonding analysis for manholes and vaults
- Substation condition assessments (non-destructive testing, drone inspections)
- Legacy asset valuation for acquisition purposes
- Digital solutions to modernize asset management and enable data-driven decision-making
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Forecasting and failure analysis
BBA's expertise in forecasting and failure analysis helps prepare power systems for future demands by leveraging trends like electrification and regulatory changes. We create custom models that integrate seamlessly into system planning, focusing on long-term load forecasting and failure probability analysis. This approach optimizes asset performance, reduces risks, and supports efficient, reliable operations while ensuring compliance with evolving industry standards.
- Custom predictive solutions for system loading, risk, and reliability
- Strategies leveraging industry trends (e.g., electrification, regulatory changes)
- Seamless integration of advanced forecasting models into system planning
- Failure rate forecasting to support strategic, risk-informed decisions
- Long-term load forecasting for peak demand, electric vehicles, and distributed energy resources (DER)
- Advanced failure probability analysis specialized for systems like underground cables
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Maintenance strategy
BBA develops proactive, risk-based maintenance strategies that minimize unexpected failures, extend asset lifecycles, and lower operational costs. Our approach focuses on timely interventions and compliance with industry standards, enhancing system resilience and supporting the sustainability of power assets. Recognizing budget constraints, we prioritize cost-effective solutions that also address the need for grid modernization to integrate renewable energy and electric vehicles, ensuring long-term operational success.
- Development of tailored, risk-based maintenance strategies to minimize costs and downtime
- Focus on reliability-centered maintenance (RCM) and compliance with safety standards
- Proactive maintenance planning through asset health assessments and predictive insights
- Safety risk mitigation for substations, manholes, and vaults
- Substation structure maintenance recommendations using advanced techniques (non-destructive testing)
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Regulatory compliance support
BBA's deep understanding of regulatory requirements ensures that power assets comply with evolving industry standards, mitigating risks of fines and operational disruptions. By fostering alignment with regulations, BBA enhances system reliability and safety while promoting innovation through the integration of advanced technologies. This approach keeps companies informed of their legal obligations, supporting long-term operational success and enabling clients to navigate a dynamic regulatory landscape while advancing sustainable practices.
- Guidance through regulatory processes, audits, and third-party reviews
- Comprehensive asset lifecycle optimization, offering strategies to extend asset lifespan and manage refurbishment options
- Support in navigating industry standards and securing regulatory approvals for infrastructure upgrades
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Project scoping and evaluation
Our team of experts guides strategic decisions for reliability, asset replacement, and capacity planning. We prioritize projects based on risk, performance, and investment needs, ensuring efficient resource use. By thoroughly evaluating various project alternatives, we help clients optimize long-term infrastructure performance, sustainability, and regulatory compliance. We also provide insights on value frameworks for asset optimization and long-term management, enabling informed, cost-effective decisions throughout the project lifecycle.
- Guidance in strategic decision-making for reliability, asset replacement, and capacity planning, including renewable energy integration.
- Prioritization of projects based on risk, performance, and investment needs
- Support for asset replacement plans and value frameworks for optimization
- Comprehensive service model assessment for long-term facility management and sustainability
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Risk advisory
BBA helps organizations effectively mitigate risks by integrating power asset management, climate adaptation, and digital transformation. Our approach bridges the gap between corporate strategies and operational execution to enhance resilience, support decarbonization, and facilitate smart grid implementation. With decades of expertise, we help utilities navigate emerging risks and optimize energy infrastructure for long-term sustainability.
- Enterprise risk management for utilities
- Climate adaptation and disaster recovery
- Smart grid strategy development<
- ESG and decarbonization initiatives
- Asset management and optimization
- Energy load analysis and resilience planning
- Digital transformation for data and asset management
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GO-TO CONTACT
Meet our Energy Asset Management Experts
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Robert Otal
SENIOR ADVISOR, ASSET MANAGEMENT
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Alex Ferguson
DIRECTOR, ASSET INFRASTRUCTURE AND ADVISORY SERVICES
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Riley Prescott
Power Advisory & Asset Management
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