Tag: Power

Research into CEE ETRM Vendors for Power and Natural Gas

Having been based in the Czech republic this last decade, I am aware of a number of ETRM solutions on the market within the region. Vendors like IPESoft, Transition Technologies, Unicorn Systems, IP Systems, FIS XDM and Microstep HDO all have has installed bases for ETRM software in the region for some time and there may be others of which we are unaware. Many of these vendors maintain a low profile and are not well known outside of their own countries. However, ComTech is interested in exploring this region and understanding what solutions are out there – local vendors or... continue reading

CTRM – A Growing Replacement Market?

Over the years, I have advised many clients and interested parties alike that replacing an implemented CTRM solution is a very difficult thing to do. Even though the installed solution is 10 versions back, no longer supported by the vendor that no longer exists anyway, it’s working – just. Held together by rubber bands and sticky tape, the solution simply has had too much money, time, sweat, and tears invested into it for anyone to really want to try the process all over again. As vendors were acquired, went out of business or products were discontinued, users would grimly hold... continue reading

European Energy Firms Trial Blockchain Trading Marketplace

Two European energy providers tested a new blockchain-based trading platform earlier this month. Italian gas and electricity firm Enel and Germany-based E.On conducted the trial using technology developed by IT firm Ponton, according to statements. Like other trials of its kind that have taken place in recent months, the energy firms explored how peer-to-peer trading can facilitate direct sales of power. The idea is the technology could help reduce the costs associated with power distribution intermediaries and provide more transparency to the process. The test initiative formed part of the “Enerchain” initiative, a broader attempt baked by 30 European utility providers. Some... continue reading

Report: Big Data is Accelerating Corporate Control of the Global Food Supply

Editor’s note: The International Panel of Experts on Sustainable Food Systems (IPES-Food) has just published Too Big to Feed: Exploring the Impacts of Mega-Margers, Consolidation and Concentration of Power in the Agri-Food Sector, a comprehensive (and alarming) report detailing the ways in which global agribusiness is using current economic and technological trends to further the failed industrial model. From seeds to pesticides, livestock genetics to animal pharmaceuticals, farm machinery to commodity traders, food and beverage processors to grocery stores—unprecedented consolidation has left fewer and fewer companies with a larger share of the marketplace. Meanwhile, the social, environmental and economic consequences of these unchecked arrangements are... continue reading

Powel awarded second substantial European contract within Uniper’s Power Business

Following a framework agreement between Powel AS and Uniper in 2015 for the delivery of short-term optimisation and nomination solutions including the subsequent successful public cloud deployment, we are proud to announce that Uniper has awarded Powel a second European contract for the Power Business. The new contract covers the German market and Powel will deliver the solution for the short-term optimisation (day-ahead and intra-day). German system provider KISTERS AG will deliver the SCADA system, and Powel will be cooperating closely with Uniper and KISTERS during implementation to ensure seamless integration. “Powel will deliver the solution for the short-term optimisation (combining both... continue reading

As crisis at Kobe Steel deepens, CEO says cheating engulfs 500 firms

Yuka Obayashi TOKYO (Reuters) – The cheating crisis engulfing Kobe Steel Ltd (5406.T) just got bigger. Kobe Steel President and CEO Hiroya Kawasaki attends a news conference in Tokyo, Japan October 13, 2017. REUTERS/Kim Kyung-Hoon Chief Executive Hiroya Kawasaki on Friday revealed that about 500 companies had received its falsely certified products, more than double its earlier count, confirming widespread wrongdoing at the steelmaker that has sent a chill along global supply chains. The scale of the misconduct at Japan’s third-largest steelmaker pummeled its shares as investors, worried about the financial impact and legal fallout, wiped about $1.8 billion off... continue reading

EPA chief to sign rule on Clean Power Plan exit on Tuesday

WASHINGTON/NEW YORK (Reuters) – The head of the U.S. Environmental Protection Agency said on Monday he would sign a proposed rule on Tuesday to begin withdrawing from the Clean Power Plan, former President Barack Obama’s centerpiece regulation to fight climate change. “Here’s the president’s message: The war on coal is over,” EPA Administrator Scott Pruitt told a gathering in the Kentucky coal-country town of Hazard. Green groups criticized Monday’s announcement and praised the plan, a collection of emissions standards for U.S. states that the Obama administration imposed to reduce pollution from power plants — the largest emitters of greenhouse gases... continue reading

U.S. natural gas prices rise as winter stocks look tight: Kemp

LONDON (Reuters) – U.S. natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year. Current stocks are in line with the five-year seasonal average but that may not be enough given the increase in exports and the number of additional combined-cycle power plants that have become operational in 2017. The last two winters have been exceptionally mild; if this winter proves colder, which is likely simply on the basis of probabilities, inventories could come under pressure. To ration power burn this winter the price... continue reading

Tynagh Energy of Ireland Selects ZE to Provide Smooth Entry into the Integrated Single Electricity Market

September 12, 2017, RICHMOND, B.C., Canada — ZE PowerGroup Inc. (“ZE”)is proud to announce today that it has been selected by Tynagh Energy Ltd., of Dublin, Ireland to deploy the award-winning ZEMA platform to ensure a smooth transition into the I-SEM (Integrated Single Electricity Market). ZEMA will play a pivotal role in Tynagh’s transition to the new wholesale electricity market (I-SEM) for Ireland and Nothern Ireland. ZEMA provides a streamlined data collection service to give users access to an unrivaled catalog of data sources and internal connectivity options. ZEMA will be hosted and managed in Microsoft’s Azure Cloud and also provide a scalable platform... continue reading

Industry partners sign on for trial of deX renewable energy trading platform

Thirty-seven industry partners will support the rollout of the decentralised energy exchange (deX), a software platform that will allow consumers who store their own renewable energy through home batteries to sell their excess electricity back to the grid. The deX aims to reduce electricity bills while assisting the network to manage grid reliability and reduce the need to upgrade infrastructure. The deX is a digital marketplace that allows home and commercial building-based energy assets and appliances such as batteries, air conditioners and fridges to be bid into the market to be used for a range of grid services such as reducing network... continue reading

The Energy Authority Selects Allegro’s CTRM to Manage Power and Gas Trading Portfolio

Energy portfolio management leader chooses Allegro’s software to streamline efficiencies and reduce risks   DALLAS – Allegro Development Corp., a global leader in energy trading and risk management software, announced today that its platform has been chosen by The Energy Authority (TEA), a U.S. energy trading and advisory company, to serve as the firm’s energy trading and risk management system.   Energy trading and risk management software is a critical tool for trade execution, portfolio management and other core services TEA delivers to its public power utility clients across the U.S. Last year, TEA identified the need for a more comprehensive,... continue reading

ACWA Power selects Pioneer Solutions

DENVER, CO USA- Pioneer Solutions, a leading provider of commodity trading and risk management solutions, today announced that ACWA Power has selected its TRMTracker energy trading and risk management (ETRM) system to support the commercial operations of its 950MW CCGT power plant at Kirikkale, Turkey. ACWA Power, head-quartered in the Kingdom of Saudi Arabia, is a developer, investor, co-owner and operator of a portfolio of power generation and desalinated water production plants currently with presence in 11 countries including in the Middle East and North Africa, Southern Africa and South-East Asia regions. ACWA Power’s portfolio, with an investment value in... continue reading

Mainz and Wiesbaden Power Plants AG sells production capacity with ProCom solutions

Aachen (Germany), 31st July 2017 – Mainz and Wiesbaden Power Plants AG (KMW) uses ProCom IT-products to improve its marketing capability for power generation capacities in the commercial market and to offer optimized secondary regulated power or minute reserves. The solution includes BoFiT optimization for planning deployment of generating plants, and ITA to support electricity trading. The two modules are designed to increase the economic efficiency of power plants and relieve the pressure of their daily routine for the seven employees at the department of energy management at KMW. The software is currently used on a day-ahead basis for deployment... continue reading

Can Trump resurrect U.S. aluminum, and who killed it anyway? Andy Home

LONDON (Reuters) – Alcoa is bringing one of its U.S. aluminum smelters back from the dead. The Warrick smelter in Indiana has annual capacity of 269,000 tonnes, its own coal-based power source and is integrated with a rolling mill. None of which saved it from Alcoa’s scramble down the cost curve in the face of falling prices, culminating in its permanent closure in January 2016. That’s different from what the industry calls a “curtailment”, a temporary idling for possible restart. But now, miraculously, Warrick is back and Alcoa will fire up three of the plant’s five production lines, with capacity... continue reading

SAP Announces Collaboration with Centrica on Energy Internet of Things, powered by SAP Leonardo and Panoramic Power

SAP SE (NYSE: SAP) today announced plans to collaborate with energy and services company Centrica on solutions to help business customers better manage assets and energy consumption based on insights and connectivity available through the Internet of Things (IoT). The collaboration will initially focus on the delivery of Panoramic Power energy insights technology from Centrica’s Distributed Energy and Power business and SAP Leonardo, SAP’s digital innovation system bringing together IoT, analytics, Big Data, machine learning and blockchain on SAP Cloud Platform using design thinking services. With over 40,000 sensors installed worldwide, Panoramic Power is a leading device level energy management... continue reading

Nord Stream 2: a test of German Power

by: Nick Butler Power in Europe speaks with a German accent. With the UK at the exit door of the EU and France still economically weak Germany is uncomfortably dominant. The latest example of this is the plan for the new Nord Stream 2 pipeline which will bring natural gas from Russia across the Baltic to the North German coast and then onwards to Central and Western Europe. In accordance with FT article rules – please see the rest of this article at https://www.ft.com/content/4875c9ff-0868-3798-8f66-4efa667eb5ba... continue reading