Vancouver, BC, March 14, 2019—RheinEnergie has selected the Copperleaf™ C55 Decision Analytics solution to optimize its investment portfolios and help improve alignment of its Asset Investment Planning and Management (AIPM) processes with the ISO 55000 standard. Rheinische NETZGesellschaft (RNG), a 100% subsidiary of RheinEnergie AG, manages and operates over 30,000 km of distribution networks for electricity, gas, water, and district heating, for the city of Cologne and surrounding region of Germany.
RNG has voluntarily and proactively set compliance requirements including transparency, unified processes and improved decision-making approaches, in order to ensure alignment to ISO 55000. Capgemini Invent, a global leader in consulting, technology services and digital transformation, and the Copperleaf Customer Experience team began joint implementation of the Copperleaf C55™ solution in January 2019 and completion is scheduled for July 2019.
“We will further improve our investment decision-making processes with the help of C55,” commented Dr. Ulrich Groß, CEO of RNG. “The solution will provide a standardized, value-based methodology, that supports asset investment planning and portfolio optimization in the context of 12 different asset owners, 6 operators, and 24 networks.”
“C55 is a key component for RNG to digitize asset management and implement the core requirements of ISO 55000,” said Jan Patrick Linossier, Head of Network Strategy (RNG-N). “With C55, we can achieve the required transparency and consistency for decision-making in accordance with these standards.”
“We are excited to welcome RNG, our first customer in Germany, to the growing community of European utilities that are embracing Copperleaf C55,” said Judi Hess, CEO of Copperleaf. “C55 will help RNG make investment portfolio decisions that are risk-informed, transparent, and aligned to their core strategies.”
“This project win highlights the flexibility of C55 to support a new region with a distinct operating and regulatory environment and a diverse range of asset intensive industries such as electrical, gas, water and heat distribution,” added Stefan Sadnicki, Managing Director, Europe for Copperleaf. “Moreover, RNG will benefit from a German user-interface and our local German-speaking Customer Experience team.”
Copperleaf provides decision analytics to companies managing critical infrastructure. Our enterprise software solutions leverage operational and financial data to help our clients make investment decisions that deliver the highest business value. Copperleaf was recently named one of Canada’s Best Managed Companies and winner of Canada’s Most Admired™ Corporate Cultures. In 2018, Copperleaf made the Growth 500 ranking of Canada’s Fastest Growing Companies for the fourth consecutive year, the Deloitte Technology Fast 500™ ranking of the fastest growing tech companies in North America. Copperleaf is a member of The Institute of Asset Management (IAM) and actively participates in shaping the future of asset management standards, including ISO 55000. Headquartered in Vancouver, our solutions are distributed and supported by regional staff and partners worldwide. We are committed to building a better world, one decision at a time.
About Rheinische NETZGesellschaft mbH
Rheinische Netzgesellschaft mbH (RNG) is the regional distribution company supplying approximately 2 million customers in and around Cologne, Germany, with electricity, gas, water and heat. RNG manages 24 networks with highly complex interfaces between asset owners, asset managers and operators. With the introduction of an ISO 55000 compliant Asset Investment Planning and Portfolio Management (AIPM) methodology, RNG has created the framework for a value-based and objective decision-making process that balances the needs of all stakeholders.
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