Asset evaluation and management

Whether you’re a utility, an independent power producer, a grid operator, a renewable energy company or an industrial consumer, effective asset evaluation and management require knowing:

  • the location of your physical infrastructure
  • the condition, performance and lifecycle of your assets

This knowledge is critical for:

  • developing capital budgets and prioritizing investments
  • evaluating short- and long-term operational and maintenance planning
  • providing efficiency and sustainability for your customers
  • reducing asset failure risks and extending lifespan
  • keeping equipment running efficiently
  • achieving regulatory compliance
  • improving grid reliability and performance
  • promoting sustainability by transitioning to renewable energy

You can realize these advantages with our wide range of asset management strategies through:

  • Drones to reduce the need for manual inspections with efficient and precise checks of above-ground infrastructure
  • A reduction in mobilizations in the field because of assets experiencing a decreased rate of failure. Fewer miles on the road means fewer safety issues for your employees.
  • Innovative software systems and smart technologies, such as AI, to improve asset monitoring and control
  • Underground cables and transmission lines with advanced sensing technologies and digital mapping to help with detecting faults and streamlining maintenance

Asset audits and clearances

Within your asset management practices, clearances and asset audits are especially important. Hanson can use them to help you evaluate your operational protocols and reduce the risk of equipment failures or service disruptions. More efficient asset audits and life cycle modeling can also help you with strategic planning by giving you important insights into:

  • infrastructure investments
  • maintenance needs
  • capital renewal planning
  • revenue recovery
  • billing accuracy
  • GIS reconciliation