ProCom optimization solution for energy market participants adds new features

Optimize portfolios even more trenchantly with BoFiT

Aachen (Germany), February 6, 2019 – For unit commitment planning, make-or-buy decisions or trading optimization, BoFiT from ProCom helps energy market participants maximize their asset management and increase their profit margins. The optimization solution also provides optimization recommendations for short-term and medium-term planning. BoFiT calculates these recommendations using a model that maps the asset pool with its restrictions, as well as all purchasing and sales channels and contract relationships, and it draws on current price and load forecasts for optimization.

Among other things, the latest software release enables so-called start solutions, which means that different optimization approaches can be predefined and then run in parallel at high speed. In this way, individual segments of the portfolio can be pre-optimized in order to apply an accelerated, multi-stage process to the entire portfolio. In addition, BoFiT now offers an effective date function for repeating optimization calculations on scheduled dates. Comparison of the time-shifted calculation results helps to refine the optimization and evaluate risks.

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With the upcoming version 7.4 of BoFiT, ProCom is setting up a new folder structure in the underlying data hub to make it easier for users to administer their models and data. The data hub will also offer new interfaces, including a new web interface for easy data exchange with third-party systems. Version 7.4 will be available starting March 2019.

About ProCom

ProCom GmbH is a successful family business with a clearly defined growth and internationalization strategy.

In the energy sector, ProCom provides consultancy on key issues in energy production and trading. Drawing on process and IT expertise, ProCom consultants support the successful implementation of strategic projects all the way to the operational phase. IT solutions from ProCom ensure optimum marketing of energy portfolios in all timescales and markets.

As a development specialist in cutting and separating processes, ProCom Automation has over 40 years’ experience in developing sophisticated CNC software and hardware and CAM solutions for machine series. The company invests in the European and Chinese markets, both in its established, expandable product range as well as in future-oriented services in Industry 4.0.
www.procom-energy.de/en