Calpine Acquires PowerSuite Software; Innovative Software Tool to Optimize Power Generation Capabilities.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Aug. 20,1999-- Calpine Corporation (NYSE NYSE See: New York Stock Exchange :CPN CPN Communist Party of Nepal CPN Commercial Property News CPN Civic Practices Network CPN Calling Party Number CPN Community Psychiatric Nurse (UK) CPN Cisco Powered Network CPN Connaitre et Proteger la Nature ), a leading independent power company, today announced it has acquired the PowerSuite software technology from Power Factors, Inc. of Fort Collins, Colo. This innovative software technology will equip Calpine's operations, asset optimization and power marketing functions with a powerful, real-time information technology tool that will help maximize the performance and profitability of its U.S. power generating fleet. "Today's competitive power market demands innovation," said Tom Mason, Calpine executive vice president of operations. "The PowerSuite technology is a proven industry software that gives entrepreneurial power companies like Calpine a competitive edge." PowerSuite is a fully integrated, real-time business management software system. Its decision support capabilities help determine the most profitable operating configuration for electrical generating assets given specific contractual and operating parameters. It also provides site, regional and corporate managers access to real-time cost of production capabilities to determine "if, when and how" to operate generating assets to maximize efficiencies and profitability. Management and power marketers can effectively track key performance factors, such as heat rate, fuel consumption and excess generation capabilities. Steve Hanawalt, former president and founder of Power Factors, was named director of project optimization to lead the implementation of PowerSuite for Calpine's natural gas and geothermal power Geothermal power Thermal or electrical power produced from the thermal energy contained in the Earth (geothermal energy). Use of geothermal energy is based thermodynamically on the temperature difference between a mass of subsurface rock and water and a mass portfolio. Joining Hanawalt is Rich TeBockhorst, manager of project optimization, and Tim Dierauf, senior performance/optimization engineer. Hanawalt founded Power Factors in 1986 to provide the newly emerging independent power industry with a real-time economic optimization software Free and Open Source software
Calpine Corporation is a leading independent power company dedicated to providing customers with reliable and competitively priced electricity and thermal energy thermal energy Internal energy of a system in thermodynamic equilibrium (see thermodynamics) by virtue of its temperature. A hot body has more thermal energy than a similar cold body, but a large tub of cold water may have more thermal energy than a cup of boiling . Calpine currently has approximately 8,500 megawatts of capacity in operation, under construction or in announced development in 12 states--enough energy to power nearly 8.5 million households. Corporate headquarters are located in San Jose, Calif. with regional offices in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the ; Pleasanton, Calif.; and Boston, Mass. The company was founded in 1984 and is publicly traded on the New York Stock Exchange 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. under the symbol CPN. To learn more about Calpine, visit its website at www.calpine.com. |
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