EnWorkz unit commitment and dispatch technology helps firm refine estimates of generator value

Austin, Texas (January 1, 2002) - Capstone Global Energy, an energy consulting and origination firm in Houston, has successfuly used advanced scheduling technology from EnWorkz to refine valuation estimates for an electric power plant. The study was undertaken on behalf of a client based in California.

EnWorkz develops advanced software products for energy companies. The EnWorkz Stochastic Unit Commitment and Dispatch product is designed to optimally schedule electric power generators under uncertainty -- a difficult computational problem. However, since the scheduling process also involves calculating the profitability of a generator, the product is a powerful tool for investment banks, consulting firms, and others who need to undertake valuation studies for generation projects.

Developed by two former professors of computer science, the EnWorkz solution is the first commercial product that allows optimized scheduling of generators under uncertainty, in both regulated and deregulated markets.

In the study, the client was able to forecast the return on investment for a generation project with much better accuracy than was possible using conventional valuation models. "This study provided us with validation that our technology has great potential in the marketplace. Not only does it address a difficult operating problem for energy companies, but now we have proof that it can provide new capabilities for financial analysts who need to estimate the valuations of generation assets," stated Bill Tan, EnWorkz CEO.

For more information about EnWorkz, visit the website www.enworkz.com.