Accenture Uses Artificial Intelligence-Driven Database to Help Reduce Electricity Rates for Colonial Pipeline’s Interstate System
July 14 2022 - 7:59AM
Business Wire
Accenture (NYSE: ACN) is using a proprietary database powered by
artificial intelligence (AI) to help Colonial Pipeline, the largest
refined products pipeline in the United States, reduce regulated
and deregulated electric utility rates for its interstate pipeline
system.
The energy-management project leverages Accenture’s Utility
Tracking System (UTS), a proprietary database of approximately 30
million anonymized utility bills that the company has been
aggregating for more than 20 years. Built to identify power tariff
options around the world, UTS uses AI-powered insights and
automation as part of Accenture’s SynOps platform to continuously
improve the efficiency and reliability of electricity rate-savings
recommendations.
Accenture is using insights generated by UTS to evaluate power
bills for operations at approximately 80 Colonial Pipeline pump
stations along its 5,500-mile pipeline system, which delivers
approximately 100 million gallons of refined petroleum products
daily to markets in the Southern and Eastern United States. Armed
with information about tariff options, Accenture presents
lower-cost options — e.g., reduced cost per kilowatt-hour — to
Colonial Pipeline, and then works with utilities to help implement
new rates.
“This initiative, which is part of our ongoing effort to
optimize utility rates, has shown encouraging results early on and
should continue to help us in our comprehensive review of all
utility accounts on our system,” said Tony Leo, manager of energy
management and power optimization for Colonial Pipeline. “We look
forward to our continued partnership with Accenture as we identify
opportunities to transition to renewable energy to power our pump
stations.”
Yusuf Tayob, group chief executive of Accenture Operations,
added, “Our work for Colonial Pipeline is a great example of how
Accenture’s long-term investments in technologies are helping
clients deepen business resilience amid evolving market conditions.
We look forward to making further progress on this project and to
helping Colonial Pipeline evaluate how it can buy green energy,
which increasingly is powering infrastructure as consumers and
stakeholders demand cleaner air and less environmental impact.”
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accenture.com.
About Colonial Pipeline: Colonial Pipeline Company,
founded in 1962, connects refineries – primarily located in the
Gulf Coast – with customers and markets throughout the Southern
and Eastern United States through a pipeline system that spans more
than 5,500 miles. The company delivers refined petroleum products
such as gasoline, diesel, jet fuel, home heating oil, and fuel for
the U.S. military. Colonial is committed to safety and
environmental stewardship across its operations. More information
about Colonial is available at www.colpipe.com.
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Guy Cantwell Accenture +1 281-900-9089
guy.cantwell@accenture.com
Jenn Francis Accenture +1 630-338-6426
jennifer.francis@accenture.com
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