Alstom Grid wins contract to launch a new Southwest Power Pool energy market
Alstom Grid wins contract to launch a new Southwest Power Pool energy market
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Alstom Grid has signed contracts with Southwest Power Pool, Inc. (SPP) to deliver energy market software solutions for SPPs new Integrated Marketplace scheduled to go-live by March 2014. SPP is a Regional Transmission Organization (RTO) that operates the power grid in nine states in the US. With Alstom Grids market leading software, SPP can further optimize its operating efficiency while driving market competitiveness.
Alstom Grids Network Management Solutions team in Redmond, Washington (USA) will provide their e-terramarket suite of applications to launch SPPs new Integrated Marketplace. Alstom Grids e-terramarket, the worlds leading software application suite, operates 70% of the US Regional Transmission Organizations (RTOs) installed generation capacity.
e-terramarket will allow SPP to:
- optimize the overall market energy cost and enable energy reserve sharing within their territory and
- better manage the uncertainty related to increased wind energy and renewable supplies into the grid.
Alstom Grid will also deliver its latest e-terrasettlements software enabling SPP to perform the complex and massive financial calculations required by the new Integrated Marketplace in shorter timeframes and with minimal resources.
We feel privileged to support SPP in achieving their ambitious business objectives. We bring to this project 20 years of market management systems experience, and we are grateful for the opportunity to develop in partnership with SPP, our next-generation market and settlement solutions, to better serve RTOs and market participants in North-America and beyond, said Karim El Naggar, Vice President, Network Management Solutions, Alstom Grid.
About Alstom
Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world. It provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 93,500 people in 100 countries and had sales of 20.9 billion in 2010/11.
Alstom Grid has over 100 years of expertise in electrical grids. Whether for utilities or electro-intensive industries or facilitating the trading of energy, Alstom Grid brings power to their customers projects. Alstom Grid ranks among the top 3 in electrical transmission sector with a sales turnover of approximately 4 billion in 2011. It has 20,000 employees and over 90 manufacturing and engineering sites worldwide. At the heart of the development of Smart Grid, Alstom Grid offers products, services and integrated energy management solutions across the full energy value chainfrom power generation, through transmission and distribution grids and to the large end user.
Press Contact
Emmanuelle Helleux (Alstom Grid) Tel : +33 1 47 01 70 87
Gayle Wooster (Alstom Grid US) Tel : +1 425 250 2723