ALSTOM Launches Its Latest Energy Trading Software.Business Editors and Energy Writers BELLEVUE, Wash.--(BUSINESS WIRE)--Nov. 27, 2001 ALSTOM (NYSE NYSE See: New York Stock Exchange :ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. ) has released the latest version of its e-terradealmaker(TM) software aimed at companies generating electricity in deregulated markets. The new 2.12 version allows electricity generators to interact directly with the energy trading desk Trading Desk A desk where transactions for buying and selling securities occur. Trading desks can be found in most organizations (banks, finance companies, etc.) involved in trading investment instruments such as equities, fixed-income securities, futures, commodities and foreign , thereby giving companies the tools they need to decide whether to buy or generate energy at any given time. The software, developed by ALSTOM's Transmission and Distribution Sector Energy Management and Markets Business, is part of the company's `bid-to-bill' e-terra(TM) global energy solutions suite, which covers every aspect of business in the deregulated energy marketplace. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Dean Moretton, e-terradealmaker(TM) product manager at ALSTOM, this latest version of the company's software is particularly aimed at people within generating companies who are charged with scheduling energy, controlling generation, and producing a profit. "Operators who used to operate at cost are now under pressure to produce a profit," Moretton said. "Because of our software, they are now in a position to analyze their energy load and market requirements and then decide to buy energy if it is cheaper than producing it themselves." The e-terradealmaker(TM) is a full-function energy and risk-management solution using open architecture that supports energy traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. and risk managers in managing multi-commodity trades, Moretton added. It can be configured con·fig·ure tr.v. con·fig·ured, con·fig·ur·ing, con·fig·ures To design, arrange, set up, or shape with a view to specific applications or uses: to match the way a business runs -- from contract administration to real-time trading, long-term trade management, risk management, scheduling, and accounting. The latest version allows an organization owning generator assets, either contractually or full title, to assess at any one moment whether it is worthwhile generating electricity to supply load requirements or whether to buy on the open market. The latest release of e-terradealmaker(TM) allows a link to the trading market in real time, thereby allowing energy producers to make hour-by-hour decisions about energy production. The software is partitioned par·ti·tion n. 1. a. The act or process of dividing something into parts. b. The state of being so divided. 2. a. into three components -- Core Trading, Market Interface, and Advanced Risk Management -- that offer customers the ability to size the system to their capability, business requirements, and budget. The components and basic operations can be purchased together or added over time. "ALSTOM has been providing energy management system software applications with real-time information retrieval information retrieval Recovery of information, especially in a database stored in a computer. Two main approaches are matching words in the query against the database index (keyword searching) and traversing the database using hypertext or hypermedia links. , decision support, and economic analysis capability for nearly 25 years," Moretton said. "Being able to marry our `physical' software with our `financial' software was an obvious next step. The more real-time information and decision support we're able to provide for our customers, the better their ability to run a profit-oriented organization." About ALSTOM ALSTOM is the global specialist in energy and transport infrastructure. The Company serves the energy market through its activities in the fields of power generation, power transmission and distribution, power conversion and the transport market through its activities in rail and marine. ALSTOM has annual sales in excess of 22 billion euros and employs 120,000 people in over 70 countries. The Company is listed on the Paris, London and New York stock exchanges New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . ALSTOM Transmission and Distribution Sector, through its Energy Management and Markets Business, is a leading supplier of energy and information technology and solutions. It pioneered the development of product-based, real-time control Real-time control is a popular term for a certain class of digital controllers. For effective digital control, it is critical that sample time be constant. Real-time control achieves nearly constant sample time. See also
The e-terra(TM)family of products and services are trademarks and/or service marks of ALSTOM ESCA ESCA Electron Spectroscopy for Chemical Analysis ESCA Escaflowne (anime series) ESCA European Speech Communication Association ESCA Escuela Superior de Comercio y Administración (México) Corporation (DBA: ALSTOM Energy Management & Markets.) http://www.esca.com. |
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