January 28, 2014 - Emerson Process Management announced an agreement with Canada-based software firm RtTech Software to jointly develop an Emerson Energy Management Information System that will provide real-time monitoring, analysis and detection of excessive plant energy consumption. This collaborative development initiative is the next step in Emerson’s commitment to improving industrial energy utilization globally, known as Smart Energy Management. Leveraging RtTech’s RtEMIS platform, the two organizations will work together to enhance the platform to accommodate Emerson’s rigorous, first-principles models for key energy equipment.
With the combination of RtEMIS and Emerson’s process models, users will be able to analyze and compare three critical data points: the amount of energy a system is designed to use, what it has used over time, and what it’s consuming in the moment. “From Emerson’s perspective, teaming with RtTech Software made great strategic sense,” said Peter Zornio, chief strategic officer for Emerson. “Their field-proven RtEMIS product already offers a lot of the functionality we were looking for in an Emerson Energy Management Information System and is built on top of the OSIsoft PI System, the enterprise historian of choice for a majority of our customers.” Many energy management systems are designed to allocate energy costs at the end of the month.
Few systems monitor energy in real time, compare usage against a theoretical benchmark, and analyze system performance by unit, area, and across an entire plant. Emerson’s Energy Management Information System dashboards and reports will increase the visibility of site energy metrics, providing performance-improvement tools to users from field operators to plant management. “Emerson’s broad measurement portfolio, leading wireless platform, worldwide engineering resources and experienced consultant network make them an ideal company to implement these systems for large sites,” said Pablo Asiron, chief executive officer of RtTech.
“We are extremely excited and proud to be working with Emerson, and the new modeling capability will be a unique advantage of the Emerson Energy Management Information System.” Deloitte named RtTech one of the Technology Fast 50 Companies-to-Watch in 2013. Emerson expects to launch Emerson EMIS in the spring of 2014.
About Emerson Process Management
Emerson Process Management, an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, mining and metals, food and beverage, life sciences and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include PlantWeb, Syncade, DeltaV, Fisher, Bettis, Micro Motion, Rosemount, Daniel, Ovation and AMS Suite.
About Emerson
Emerson (NYSE:EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company is comprised of five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2013 were $24.7 billion.
About RtTEch Software
RtTech is in the business of developing software products to improve asset availability, asset utilization and utilities consumption in the manufacturing industry. It accomplishes its goal by organizing data into actionable information for the relevant stakeholders and decision makers of its customers. RtTech Software is also the developer of RtDuet, an equipment monitoring solution that detects equipment shutdowns and production delay events and uses that data to calculate in real time asset performance indicators like availability, utilization, reliability and OEE.
