Success Stories

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What the industry leaders have to say about EnWorkz technology:

Prior to full product release, EnWorkz has introduced these products to the industry in a series of one-on-one meetings with top-tier energy companies. Many of those companies are not able to say what they think about products outside of their organization, and we are therefore incapable of relaying their impressions. A couple of those who were able to say something are quoted here.

Michael Day, VP Corporate Risk Management at Duke Energy says, "This is the most promising pre-commercial technology I have seen this year. If these guys can get this to market as they have suggested, it can really change the paradigm on how companies approach financial risk analytics."

Vince Kaminski, Sr. VP Commercial Analytics at Reliant Energy says, “I like the way they have combined the physical and financial aspects of modeling. They seem to have an extra edge in the speed of their unit commitment / dispatching algorithm that could be very valuable for financial analytics.”

Some other real life examples of PowerUp at work:

Addition of new application modules - It took only one day for a developer to implement a new asset type, e.g. futures contract, for an application. The work included modifying the engine model, the UI, and adding full database support.

Integration Flexibility - Users can move transparently between XML persistence and SQL database persistence without changing any code.

UI Development - The PowerUp Risk Assessment screen was initially implemented as a desktop UI, and was later redeployed as a web-enabled UI in just two days. The web UI did not sacrifice any of the functionality in the desktop UI, and is just as visually appealing and easy to use as the original desktop application.

Accuracy and Speed - In running the unit commitment algorithm against numerous complex asset scenarios, we have experienced a speed increase of 100 to 1000 times over existing techniques. Accuracies were also better, as standard deviation of the error is reduced with the ability to run more scenarios pre unit time. In the past, it would have been necessary to run scenarios overnight or throughout the day to get an answer. What this means to the user is that when business conditions change, you can be hours ahead when minutes count.

 
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