EnWorkz
Offers Cutting Edge Generation Dispatch Solution To
Help Power Plants Save Fuel Costs
Austin, Texas (October 16, 2003) – As more power plants
are using natural gas as fuel to generate electricity,
an efficient generation dispatch algorithm can help
power plants save millions of dollars on fuel cost savings
alone. EnWorkz announced it will offer state-of-the-art
Generation Dispatch solution to help power plants save
fuel costs.
"In the past, our competitors have been selling unit commitment
and dispatch solutions to the first tier power companies
at hundred of thousands of dollars", said Bill
Tan, CEO, EnWorkz, “We have developed a proprietary
unit commitment and dispatch algorithm as part of our
overall portfolio and risk management software framework,
hence we are in position to offer a cutting edge solution
at fraction of our competitors’ pricing. This
will benefit the municipals and coops, who are otherwise
may still be using less efficient dispatch solution.”
Added Steve Apple, Vice President of Sales, EnWorkz, “Our
intention is to not to wreck the market, but to bring
good and affordable technology to companies at a time
when budgets are thin, and capital expenses are difficult
to come by. Rather than trying to figure out what a
piece of software should be worth to an organization,
we will price our software based on what it costs us
to develop and support with a small profit for our efforts.
”
EnWorkz unit commit and dispatch solution - known as PlantWorkz™,
is built on a proprietary lighting fast Lagrangian Relaxation
and dynamic programming algorithm. What would normally
take hours to run using traditional solutions would
need only minutes, if not seconds, to accomplish with
PlantWorkz on a regular desktop PC. PlantWorkz’
lightning speed would not only be useful for daily or
weekly optimal generation dispatch, but would also allow
a user to simulate different operation planning scenarios
over a multiple years period without investing in expensive
server or hardware. More sophisticated financial analysis,
risk management, and portfolio optimization (including
mixing multiple asset types such as service contracts,
financial derivatives, emissions credits and curtailment)
are also possible when PlantWorkz is used in an overall
EnWorkz software framework, known as EnWorkz PowerUpTM.
PlantWorkz can be easily installed and run on a standard
desktop PC. Interested parties can contact EnWorkz,
or download a free trial copy of PlantWorkz at EnWorkz
web site.
About EnWorkz Inc
EnWorkz develops state-of-the-art software technologies for
optimizing and managing the production, delivery, and
trading of electric power. With EnWorkz PowerUpTM framework
for portfolio optimization and risk management, energy
businesses have the advanced tools they need to make
profits more predictable, risks more transparent, and
information more accessible across the enterprise. EnWorkz
has offices in Singapore, China, and US. For more information
about EnWorkz, visit the Web site www.enworkz-pte.com.
Contact:
Steve Apple
Tel: 512/323-9118 x115
smapple@enworkz-pte.com
|