Accenture Uses AI-Based Database to Help Lower Colonial Pipeline Interstate System Electricity Rates | Company

ATLANTA–(BUSINESS WIRE)–July 14, 2022–

Accenture (NYSE:ACN) is using a proprietary artificial intelligence (AI)-powered database to help Colonial Pipeline, the largest refined products pipeline in the United States, reduce regulated and deregulated utility prices from electricity for its interstate pipeline system.

The energy management project relies on 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. year. Designed to identify electricity pricing 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 power pricing recommendations. savings in electricity tariffs.

Accenture uses information generated by UTS to assess power bills for the operations of approximately 80 Colonial Pipeline pump stations along its 5,500-mile pipeline system, which delivers approximately 100 million gallons of refined petroleum products per day to markets in the southern and eastern United States. Armed with information about pricing options, Accenture presents lower-cost options — for example, a reduced cost per kilowatt-hour — to Colonial Pipeline, then works with utilities to help implement new pricing.

“This initiative, which is part of our ongoing efforts to optimize utility rates, has shown encouraging results early on and should continue to assist us in our comprehensive review of all utility accounts on our system,” said said Tony Leo, manager of energy management and power optimization for Colonial Pipeline. “We look forward to continuing our partnership with Accenture as we identify opportunities to transition to renewable energy to power our pump stations.”

Yusuf Tayob, Group Managing Director, Accenture Operations, added, “Our work for Colonial Pipeline is a great example of how Accenture’s long-term investments in technology help clients build their business’ resilience in the face of changing market conditions. We look forward to making further progress on this project and helping Colonial Pipeline assess how it can purchase green energy, which is increasingly powering infrastructure as consumers and stakeholders demand cleaner air. and less impact on the environment.

About Accenture

Accenture is a global professional services company with industry-leading digital, cloud and security capabilities. Combining unparalleled experience and specialist skills in more than 40 industries, we offer strategy and advisory, technology and operations, and Accenture Song services, all powered by the world’s largest network of advanced technology centers and smart operations. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving customers in more than 120 countries. We embrace the power of change to create value and shared success for our customers, our people, our shareholders, our partners and our communities. Visit us at accenture.com.

About Colonial Pipeline:

Colonial Pipeline Company, founded in 1962, connects refineries – primarily located on the Gulf Coast – to customers and markets in the southern and eastern United States through a system of pipelines that spans more than 5 500 miles. The company supplies refined petroleum products such as gasoline, diesel, jet fuel, heating oil and fuel for the US military. Colonial is committed to ensuring safety and environmental stewardship in all of its operations. More information about Colonial is available at www.colpipe.com.

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CONTACT: Guy Cantwell

Accenture

+1 281-900-9089

[email protected] Francis

Accenture

+1 630-338-6426

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA GEORGIA

KEYWORD INDUSTRY: OIL/GAS OTHER PROFESSIONAL SERVICES SECURITY DATA MANAGEMENT GREEN TECHNOLOGY ENERGY SUSTAINABILITY TECHNOLOGY PROFESSIONAL SERVICES DEFENSE ENVIRONMENT ARTIFICIAL INTELLIGENCE MILITARY SOFTWARE UTILITY NETWORKS

SOURCE: Accenture

Copyright BusinessWire 2022.

PUBLISHED: 07/14/2022 07:59 / DISK: 07/14/2022 07:59

http://www.businesswire.com/news/home/20220711005047/en

Copyright BusinessWire 2022.