Probit Consulting is delighted to have reached the final of the Water Industry Awards 2020. The Thames Water Trunk Main asset optimisation project has been shortlisted for the new category of Asset Optimisation Initiative of the Year.
Probit’s AIM – Asset Investment Manager – optimisation software is being used to optimise the investment required to minimise trunk mains risk in the most efficient manner possible while meeting regulatory targets within budgets. Optimisation is undertaken at pipe level across the entire 3,500km network to ensure investment is targeted in the most efficient manner possible. All inputs, flood risk and probability models, and other service drivers, have been incorporated within an AIM Risk Map which provides a clear and transparent view of risk.
Thames Water has used AIM’s powerful and rapid optimisation engine to run hundreds of scenarios with varying objectives and multiple constraints, processing asset level investment decisions in hours that previously took months.
Tim Watson, Co-founder and Director of Probit Consulting said, “This has been 10 years of development, two regulatory submissions, and a number of data and model enhancements feeding from a wide variety of sources, including Thames Water, consultancies and universities.”
Simon Moore, London Water System Planning Manager for Thames Water, said, “The work that Thames Water and Probit have done over the lifetime of our relationship has created an industry-leading view of the level of risk posed by some of our oldest and highest risk assets. The trunk main risk tool developments have so far enabled substantially improved management of this uniquely large, complex and fragile network through intelligent targeting of investment and supporting better tactical operational decision-making.”
The Water Industry Awards celebrate and reward outstanding achievement and innovation in the UK water industry and are organised by the Water & Wastewater Treatment media brand. They were scheduled to take place at Birmingham’s Hilton Metropole on 20 May but have been postponed to 13 July 2020 due to risks arising from the Covid-19 pandemic.