|[March 06, 2014]
GE Energy Consulting Signs Software License Agreement with New York Power Authority
SCHENECTADY, N.Y. --(Business Wire)--
Building on a long-standing business relationship, GE Energy Consulting
and the New York Power Authority (NYPA) have agreed to a one-year
license arrangement allowing NYPA to use GE's Multi-Area Production
Simulation (MAPS) software. NYPA is expanding its current modeling
capabilities to perform high-fidelity nodal analysis and has chosen GE's
MAPS software as the best tool to satisfy its modeling needs.
As the electric power industry rapidly evolves, one thing has remained
constant-the need to accurately model the economic operation of the
power system in order to make informed decisions. GE's MAPS software
allows users to assess the value of a portfolio of generating units,
identify transmission constraints that negatively impact the economic
operation of the system and to accurately analyze the complex
interaction between the generation and transmission assets on the system.
The MAPS software is part of GE's broader Concorda software suite-that
also includes PSLF* (power systems loadflow) and MARS* software. GE
Energy Consulting develops, commercially licenses and supports these
internationally recognized products that are widely used for planning
and simulating electric power grids, assessing the economic performance
of large electricity markets and evaluating generation reliability.
About GE's Energy Consulting Group
For nearly a century, GE's Energy Consulting experts have focused on
solving the electric power industry's most pressing challenges-driving
the evolution of electric power systems with greater affordability,
reliability, and efficiency. Today, GE's Energy Consulting team
continues this tradition by providing innovative solutions across the
entire spectrum of power generation, delivery and utilization. With our
cross-company resources, GE's Energy Consulting business is able to
serve a diverse global client base with a strong local presence.
GE (NYSE:GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in
energy, health and home, transportation and finance. Building, powering,
moving and curing the world. Not just imagining. Doing. GE works. For
more information, visit the company's website at www.ge.com.
*Trademark of General Electric Company
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