Data Analysis Software addresses power transmission market.
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Press Release Summary:
Bringing transmission flow and outage data to Ventyx Velocity Suite, EV Transmission help traders, analysts, and planners understand role transmission plays in North American power markets. Online subscription service provides centralization and visualization of large amounts of data in graphical interfaces and maps. For example, EV Transmission can show time-series data on map to indicate how power transmission flows react to hurricane or power plant outage and how that impacted prices.
Original Press Release:
Ventyx Closes Transmission Congestion "Blind Spot" in U.S. Power Markets with Launch of EV Transmission
Clients Adopt Software to Understand Impact of Transmission Events On Reliability
ATLANTA, Dec-- Ventyx(®), an ABB company, today announced availability of EV Transmission, a new analytical tool that provides mission-critical data to help traders and analysts more quickly analyze and understand the role that transmission plays in North American power markets. Offered as an online subscription service, EV Transmission brings transmission flow and outage data to the Ventyx Velocity Suite of market intelligence solutions. It has already attracted significant interest, and several clients including the American Transmission Company (ATC), Science Applications International Corporation (SAIC) and a major regulatory agency have already subscribed.
"This offering closes a significant 'blind spot' for traders, transmission developers, regulators, utilities and generators seeking to understand how transmission congestion affects wholesale power transactions," said Will Dailey, Vice President Energy Portfolio Management, Ventyx. "These firms previously would have had to compile these data manually in an ad hoc fashion. With EV Transmission, they have access to a rich data archive, heavily proofed and uniformly presented in an easily understandable graphical interface--along with powerful analytical tools--to help them make critical decisions more quickly and more accurately."
EV Transmission is a new module in the comprehensive Velocity Suite energy market data service offering from Ventyx. It provides transmission market data from across the United States to traders, planners and analysts for analyzing how transmission flow and outage data may impact market prices. EV Transmission is the first product of its kind to enable the centralization and visualization of huge amounts of data in an easy-to-view series of graphical interfaces and maps. For example, EV Transmission can show time-series data on a map to indicate how transmission flows react to an event such as a hurricane or a power plant outage and how that in turn has impacted prices (see accompanying image).
"EV Transmission is the only offering of transmission data of this scale in the market," said Dailey. "Combined with our powerful querying and data visualization tools and mapping capability, no other vendor can provide such a powerful experience to analysts."
Customers Signing On
The value of the EV Transmission experience is also easy to understand, so much so that customers are already signing on. For example, American Transmission Company, a leading transmission company in the Midwest, will use the tool to support business development and communication with its stakeholders. In addition, the Energy, Environment, and Infrastructure business unit of SAIC and one of the major regulatory agencies have also subscribed to the module. EV Transmission complements other Velocity Suite modules covering the power industry. They are the sector's leading source for data and research on market price and load, utility rates and financials, new power plant development and wholesale power transactions.
EV Transmission is available immediately. For more information, contact your Ventyx sales representative or email sales@ventyx.com. For more information on the complete Ventyx Energy Market Data offering, click here.
About Ventyx, an ABB Company
Ventyx, an ABB company, is a leading business solutions provider offering enterprise software, energy markets data and professional services to more than 1,250 energy, utility, communications and other asset-intensive organizations worldwide. Ventyx offers the only IT platform allowing clients to close the gap between operations technology (OT) and IT, delivering the first integrated software and power automation solution set able to achieve "source-to-socket" market transformation. For more information, visit our Website at www.ventyx.com.
Ventyx is a registered trademark of Ventyx Inc. Other company and product names may be trademarks of the respective companies with which they are associated.
