Power generation plants, be it fossil fuelbased or renewable sources-based, rely on their critical assets of operation to support their day-to-day operations. This is restricted not only to energy generation but also to evacuation at the right time and the right price to meet fluctuating market demands. From solar inverters and wind turbines in renewable parks to boilers and steam and gas turbines in power plants, the success hinges on functional assets. Any slight malfunction can result in availability issues impacting generation and network stability, leading to huge financial.
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