International energy companies is developing cloud capabilities and business opportunities
International energy company Uniper has purchased an enterprise license for FICO® Xpress Optimisation.
This will allow the company to upscale its cloud infrastructure to run more complex models faster, deliver results in shorter periods, and enable business opportunities across all its energy markets.
Colin Silvester, senior modelling expert at Uniper said the strategic decision was based on the reliable performance and scalability demonstrated by FICO.
Uniper has used FICO Xpress Optimisation on seven previous projects to maximize value from volatile energy markets over the past 20 years.
The newly minted enterprise-level upgrade, will let the energy provider expand its existing projects:
• Energy storage modelling: Uniper can now base its energy storage valuations on a combination of multiple income streams. This new ability to identify both complementary and mutually exclusive income streams is helping Uniper develop more robust business cases.
• Energy asset management: Uniper is now able to offer its expertise on predictive maintenance in power plants to other energy providers worldwide, which opens revenue streams.
• Commercial optimisation of heat and power assets: The FICO Xpress Mosel modelling language allows Uniper to include heat constraints and assets into its power optimization model, in order to maximize electricity production while meeting heat obligations.
Uniper has offices all over the world including, Singapore and India.
