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WEL Networks Takes a Bold Step Forward with Copperleaf

In a significant move towards enhancing its asset investment planning processes, WEL Networks has chosen the Copperleaf Decision Analytics solution, as announced by IFS, a leader in enterprise cloud and Industrial AI solutions. Located in New Zealand, WEL Networks is committed to delivering innovative, sustainable energy solutions and reliable electricity distribution services.

WEL Networks recognized the need for a powerful tool to not just optimize capital expenditures but to align its planning functions with its long-term objectives. These objectives prominently include environmental, social, and governance (ESG) considerations — a priority for many modern enterprises. With the implementation of Copperleaf, the energy provider aims to improve both strategic alignment and efficiency in planning operations.

One of the key advantages of the Copperleaf solution is its ability to streamline investment planning. Traditionally, asset investment processes at WEL Networks involved significant reliance on historical knowledge and could take a considerable amount of time. By deploying the Copperleaf platform, the company expects to reduce planning cycles from months to just weeks. This transformation will lead to improved decision-making capabilities and transparency in the planning process.

Garth Dibley, Chief Executive of WEL Networks, emphasized the community-focused benefits of this strategic move. He stated, "As a community-owned organization, utilizing the Copperleaf Portfolio will enable us to enhance safety, improve customer experience, and optimize cost efficiency, which ultimately enriches asset performance for our communities."

The shift towards more proactive and streamlined planning aligns with WEL Networks' overarching mission of building a resilient, efficient, and safe infrastructure for the communities it serves. Recognizing the rapidly evolving energy landscape, the company is also prioritizing the integration of new technologies, including renewable energy sources and advanced network monitoring solutions.

Stefan Sadnicki, Managing Director of Copperleaf for EMEA and APJ regions, acknowledged the progressive approach of WEL Networks. He remarked, "WEL Networks' commitment to enhancing resilience and efficiency is commendable. By partnering with Copperleaf, they are poised to significantly improve their capital expenditure management while also accelerating their planning cycles. This can empower them to make more informed and accountable decisions."

Joining the IFS and Copperleaf community not only provides WEL Networks with advanced decision-making tools but also connects them with a network of industry leaders. This collaborative environment fosters the sharing of best practices and innovative solutions, paving the way for more effective decision-making in the energy sector.

This strategic partnership is a notable step in WEL Networks' journey to enhance operational transparency and efficiency. It reflects a broader trend in the energy industry where data-driven decisions are becoming pillars of successful asset management strategies. As WEL Networks continues to embrace new technologies and practices, stakeholders can anticipate positive outcomes that will benefit both the company and the communities it serves.

With a clear focus on sustainability and long-term strategic goals, WEL Networks is setting a precedent in the energy field. This initiative with Copperleaf is expected to serve as a model for other companies aiming to transform their asset planning processes in today's dynamic business environment.

In conclusion, WEL Networks’ collaboration with Copperleaf is a significant milestone that leverages technology to better serve its community, ensure safety, and efficiently manage resources — a true representation of intelligent asset management in action.