Power Generation Solutions
Maximizing assets. Harnessing new power.
Energy companies focused on power generation are faced with the dual pressures of managing legacy assets while offsetting emissions by creating power from large-scale clean energy sources, such as wind and solar.
Ventyx understands that power generating companies must not only maintain aging infrastructure, they must also learn how to maintain and operate new technologies in the most efficient and productive way.
Power Generation Challenges
Ventyx can help power generation companies address the following challenges:
- Retaining the knowledge of a legacy workforce - When older individuals retire, key individualized knowledge goes with them.
- Managing and reporting on safety and environmental regulations - The ability to adequately meet rigorous safety and environmental regulations requires greater visibility of data managed by multiple departments and IT systems.
- Managing aging infrastructure while incorporating new energy sources - Energy organizations are under tremendous pressure to re-evaluate the way they have traditionally done business, including optimizing and increasing the profitability of traditional and renewable assets.
- Optimizing complex portfolios - Market structure, contract obligations, regulatory requirements and volatile economics combine to make balancing, optimizing and dispatching generation assets a significantly more complex problem today than ever before.
- Planning for the future - Generation markets look very different today than most companies thought 10 years ago. How will the industry evolve going forward? What types of generation will be needed to meet demand and when?
Power Generation Solutions
|Enterprise Asset Management (EAM)|
Maximize the performance of your physical assets over their entire lifecycle, ensuring asset availability and reliability while reducing operational costs and risk.
Ventyx Enterprise Asset Management solutions provide a full, clear view of an organization’s asset infrastructure and the workforce maintaining it. Our capabilities extend beyond traditional production assets. With Ventyx, you can manage multiple asset types and still have one clear view of the entire asset infrastructure. Key benefits include:
Focus on increasing asset availability through our suite of equipment reliability solutions. Identify the critical-asset functions, failure modes, failure causes and failure consequences to determine the appropriate preventive maintenance strategy to prevent or mitigate failure.
Improving performance while managing costs effectively is dependent on equipment reliability and asset health. Proven maintenance strategies—including preventive and predictive programs, long-term asset management, and the ability to measure a program’s performance—are essential to optimizing asset reliability and operation performance. Key Benefits include:
|Mobile Work Management – Asset Service|
Improve workforce safety and productivity by delivering critical information to the technicians when they need it to make better informed decisions. Improve governance and reporting by capturing data at the point-of-performance, eliminating time-consuming paperwork and double data entry.
Asset intensive organizations service and operate their assets in the field, where they live. This workforce is often distributed across vast distances, or in remote and dangerous locations, and exposed to volatile conditions. Ventyx solutions provide unique mobile business applications that take asset management and business processes to the work site to automate processes and to safely and efficiently perform inspections, maintenance and repairs.
Enhance the efficiency, productivity and safety of plant operations by achieving a consistent, organized and integrated approach for all plant-related operational processes.
Managing routine duties in a complex operations environment demands a comprehensive strategy. Ventyx solutions for operations management enable plant operators and maintenance personnel to optimize performance around plant-specific procedures and processes. Key benefits include:
Identify the optimal holdings of every stock item by analyzing its usage patterns and criticality with our intelligent, predictive software solutions. Or use our intuitive, graphical parts catalog to help you always find the right part, right away.
Understanding parts management and inventory optimization plays an important role in an organization’s success – particularly in relation to mission-critical assets. The challenge is how to best balance inventory levels. Ventyx Parts Management is the most effective way to reduce inventory while protecting against the risk of stock-outs. Key benefits include:
|Generation Management (GMS)|
Perform real-time optimization and control of generation operations while minimizing costs, keeping adequate levels of reserves and respecting all the relevant operational and environmental constraints.
Generation companies need advanced applications to monitor and optimize their assets while respecting all the relevant operational and environmental constraints. The primary objectives in power system operation are security, quality, reliability and economy. To meet these objectives, the Ventyx Generation Management Solution (GMS) provides a rich set of advanced applications for generation operations, all field-proven under a wide variety of market rules and operating conditions. Key benefits include:
|Energy Market Participants|
Easily manage wholesale energy transactions, create generation offers, and allocate and invoice market-based charges across every North American market, plus the Single Electricity Market Operator of Ireland.
Ventyx offers an integrated, bid-to-bill solution for straight-through processing accuracy, efficiency and performance. It is the only solution that offers true multi-market coverage across every operational North American power market. Based on current clients and market volume, it provides functionality for the scheduling, bidding and settlement of more generation and load than all of the other competing software solutions combined. Key benefits include:
|Energy Portfolio Optimization – Generation Operations|
Optimize your generation portfolio by modeling detailed unit operating constraints and market conditions to provide a generation schedule for energy and ancillary services; fuel nominations; evaluation and pricing of potential short-term transactions; and analysis and simulation of deterministic or stochastic scenarios for both short-term and long-term planning.
Ventyx Energy Portfolio Management is a complete suite of applications for optimizing operations management across the entire energy portfolio. Using Ventyx Energy Portfolio Management, energy organizations can create models detailing unit operating constraints and market conditions to maximize profits while facing uncertain and always-changing market variables. Reducing costs, improving profitability and managing risk are all integral components of the energy portfolio management software. Key benefits include:
|Energy Trading and Risk Management (ETRM)|
Improve operational efficiency and control across the front-, middle- and back offices across all energy commodities; and effectively measure and monitor the risks associated with your positions.
ETRM provides asset-centric electricity and gas utilities with a single system for multi-commodity trading, allowing them to measure and monitor the risks associated with commodity positions and improve operational efficiency and control across the trading organization. Plus, ETRM has the added benefit of easy integration to other Ventyx portfolio solutions to optimize operations across your enterprise. Key benefits include:
|Asset-Intensive Enterprise Resource Planning (ERP)|
Essential industries managing skilled workforces in remote and dangerous locations and capital-intensive commercial operations require specialist Enterprise Resource Planning (ERP) solutions focused on the unique challenges faced by bulk mining companies.
Asset-intensive industries tend to focus more on the complex plants and equipment they use than the products they produce. Any interruption due to plant or equipment failure can result in lost production that may be unrecoverable. The enterprise asset management components of the ERP software are as important as material requirement planning components for a manufacturing organization. Asset-intensive ERP has been specifically designed to maximize asset productivity and help prevent equipment failure that can lead to lost revenue and safety and environmental risks. Key benefits include:
|Business Intelligence & Analytics|
Make better decisions by capturing and aggregating the rich data held within software systems across your enterprise with pre-packaged analytical tools built on the KPIs which matter most.
To improve strategic and tactical decision making, management need greater insight and visibility of all aspects of the operation – from the effectiveness of its staff to the performance of its plants and equipment. Ventyx Business Intelligence captures and aggregates rich data held across disparate software systems. Easily tailored for individual users or user groups, Ventyx Business Intelligence compiles the industry's best business practices into pre-packaged solutions to enable companies to more effectively monitor and manage their distributed assets on a real time, near-real time, and event-driven basis. Key benefits include:
|Energy Market Intelligence & Forecasting|
Make better decisions with access to leading market data such as fuels, generation, and transmission networks. Leverage price and capital investment forecasting and asset valuation to drive better decisions against both financial and regulatory criteria.
Energy markets have converged. Analysts need the ability to quickly evaluate the activities of market participants and industry dynamics across commodities without having to jump between applications. Energy professionals need more than just accurate data – they need powerful analytical tools that can help them quickly find the answers to complex and data intensive industry problems. Ventyx is a market leader in energy market planning and analytics, and is the only major market forecast provider to backtest the performance of its Advisory Service forecasts over time. Key benefits include:
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Everything you need to become an expert on the energy industry.
- Top 5 Challenges in Equipment Reliability (Expert Series)
- Generation Siting: A Comprehensive Approach (Webcast)
- Asset Retirement Analysis - Determining the End of Economic Life (Webcast)
- McDonnell Group: Optimizing Deployment of Next Generation Maintenance Strategies (Research)
- The Path to IFRS Compliance (Whitepaper)
- Utility Asset Management Strategy in the Smart Grid Era (Whitepaper)