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Tag: Generation Management

  • Optimize Hydro Cascades Operation

    Optimize Hydro Cascades Operation

    Company

    An energy company operating hydro cascade power plants in Scandinavia, Europe.

    Challenge

    Optimize operation planning for a set of interconnected hydro plants with several reservoirs under supply uncertainty, operational requirements, and price volatility.

    SATURN

    • Implemented advanced modeling of a network of interconnected hydro plants and storage reservoirs.
    • Enabled the development of improved operating plans that offer effective water utilization and increased margins.
    • Streamlined and integrated data setup, simulation, reporting, data visualization, workflows, and documentation.

    Impact

    • Improved operation planning and increased margins by over 10%.
    • Eliminated reporting bottlenecks, saved staff time, and integrated workflows.
    • Empowered advanced more detailed modeling and reduced simulation times.

    SATURN Applications

  • Model Oil Shale Production Planning

    Model Oil Shale Production Planning

    Company

    Energy company operating power production using oil shale extracted from local mines.

    Challenge

    Optimize the combined generation of electricity and steam using oil shale under various operational constraints and market price volatility and uncertainty.

    SATURN

    • Modeled one of the most complicated multi-product operating systems including oil shale, fuels, heat, and power.
    • Simulated correlated market prices and co-optimized multi-product operations for various market and operating conditions.
    • Empowered fast simulation and optimization, streamlined data setup and analysis, and provided on-demand reporting.

    Impact

    • Developed optimized framework for complex multi-product operations.
    • Enabled integrating advanced stochastic simulation with multi-product co-optimization.
    • Identified operation plans that reduce costs and manage risks.

    SATURN Applications

  • Model the Italian Power System

    Model the Italian Power System

    Company

    Energy company operating a set of diverse generation units in Italy.

    Challenge

    Model the operation of Italy’s generation plants interconnected by a complex system of transmission network including cross-border transfers with neighboring countries.

    SATURN

    • Modeled optimized operations of Italy’s generation plants and interregional and cross-border energy transfers.
    • Enabled detailed generation and transmission modeling, fast simulation, and advanced optimization.
    • Empowered integrated generation-transmission modeling for operation planning and long-term planning.

    Impact

    • Developed optimized generation framework including inter-regional and cross-border transfers.
    • Enabled detailed modeling of a fleet of diverse generation plants and complex inter-regional transmission.
    • Provided regional and inter-regional metrics that enable fast vetting of optimized solutions.

    SATURN Applications

  • Optimize Power Sale Agreement

    Optimize Power Sale Agreement

    Company

    Large energy company that operates oil refineries in Northern and Southern California.

    Challenge

    Structure power sale agreement to maximize margins by selling surplus power while maintaining primary focus of meeting the power and steam needs of company refinery.

    SATURN

    • Developed re-usable framework to analyze and compare alternative power sale agreements with local utility and trading firms.
    • Streamlined market price simulation, optimized refinery operation, power sale analysis, and margin and risk management
    • Enabled cross-departments coordination, online results review, on-demand reporting, improved margins, and reduced risks.

    Impact

    • Structured improved power sale agreement that adds over 10 million dollars per year to the bottom line of one refinery.
    • Saved staff time, improved organization skills, and enabled cross-departments collaboration.
    • Empowered advanced optimization of refinery operation that enabled improved analysis of plant modernization.

    SATURN Applications

  • Forecasting and Position Management

    Forecasting and Position Management

    Company

    Integrated company operating a fleet of diverse generation assets in eastern Texas.

    Challenge

    Develop short and long-term operating plans to meet customer demand subject to state and federal regulations including FERC, NERC, and Texas PUC.

    SATURN

    • Implemented market calibration that derives simulation parameters and enables reliable market price forecasts.
    • Integrated market price simulation, generation optimization, load analysis, trading, and position management.
    • Empowered advanced stochastic simulation of generation production, costs, and margins.

    Impact

    • Empowered same-day analysis of management requests and enabled decision-making with confidence.
    • Automated customized daily reports for analysts, managers, and executives.
    • Streamlined data setup, reports visualization, and cross-departments collaboration.

    SATURN Applications