PS: What kinds of monitoring are utilities performing? And if I'm not working for a utility, how would my strategy be similar or different?
WS: What is important to understand here is that the needs of a utility are very different from the needs of an industrial location. We see this very stark contrast. A utility, for example, has thousands of transformers, and that asset class in their mind is the primary driver for revenue. That is how they distribute the electricity to all their users.
They apply testing and monitoring in a way that is extremely generous, meaning they might have an entire fleet of transformers with what I've called “check-engine lights” and/or single gas monitoring, as well as critical pieces of equipment with the full system, an integrated system, and they have a liberal application of this.
The different needs come from not differences in type, but differences in degree. We would see industrial locations typically picking two or three highly critical units that control the inflowing power, and they would choose to monitor those units. We would call those sub-transmission transformers coming right off the transmission grid. Those would be kind of that key to the rest of the power system.