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DAILY NEWS AND INFORMATION
FOR THE GLOBAL GRID COMMUNITY /
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Applications:
GAS PORTFOLIO OPTIMIZATION
ENHANCED WITH NEWENERGY VECTORGAS
NewEnergy Associates, a wholly owned subsidiary of Siemens Westinghouse
Power
Corp, is pleased to announce the next generation of its industry leading gas
portfolio optimization solution with the release of NewEnergy VectorGas. This
represents an evolution of gas portfolio optimization that sets a new standard
for strategic resource planning and decision analysis in the natural gas
industry. VectorGas provides a detailed evaluation of the entire supply
portfolio and determines how that portfolio will respond to an array of
potential weather and/or price conditions. VectorGas gives gas supply planners
the knowledge to better minimize risk and maximize the value of their gas
portfolio via a depth of analysis and understanding not previously available
via a commercial business solution.
"The natural gas industry is heading into a challenging period where
thorough
risk-based analysis and planning will be critical for continued reliability,
cost stabilization, and profitability," stated John Landry, vice president of
fuels strategy and planning. "Managers need to understand the spectrum of
portfolio uncertainty as completely as possible and that means analyzing the
operational and financial value of assets as part of the overall gas supply
portfolio rather than in isolation. VectorGas provides a clearer view of the
future for superior resource decisions today."
Web services, utility computing, .NET, CPU harvesting and distributed
computing are just a few of the technologies that fall under the Grid
computing umbrella. Gt04 -- a premiere enterprise Grid computing conference
targeting industrial and commercial users -- will gather experts, and outline
strategies and road maps for Grid deployment. For more information, visit
www.gt04.com.
Grid computing is here!
VectorGas is powered by an advanced Monte Carlo engine, linear programming
techniques and NewEnergy's Grid computing technology, which efficiently
harnesses multiple processors for fast run times. "We have substantial
experience in delivering highly reliable, cost effective Grid computing
solutions to the energy industry for several years now," said Neal Tisdale,
vice president of R&D for NewEnergy Associates. "Our clients today are able to
answer business questions on a daily basis that even a few years ago would
have taken months to analyze. Those companies taking advantage of these best
practice technologies have a competitive edge."
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