Power Analytics Software Inc provides power analysis and management software that ensures compliance with NERC-CIP standards. The platform enables organizations to effectively monitor and manage their power systems, reducing the risk of regulatory penalties and enhancing operational reliability.
Funding
Funding not disclosed
Founders
Product
Problem
Energy traders, transmission planners, and renewable developers face challenges in accurately analyzing power systems and market data, leading to suboptimal forecasts and potential revenue losses. Existing tools often require manual data manipulation, are time-consuming, and lack the ability to effectively model complex market dynamics and congestion patterns. Compliance with NERC-CIP standards adds another layer of complexity to power analysis and management.
Solution
Power Analytics Software provides a suite of software solutions designed to streamline power data analysis and improve forecasting accuracy for the electric power industry. The PROMOD Analysis Tool (PAT) and APC Reporter enable users to analyze and re-solve PROMOD results, while PAT Trader facilitates access to and analysis of market data directly from ISOs like MISO, PJM, and SPP. These tools help users identify congestion drivers, predict outage effects, and optimize their businesses by strengthening data analysis and improving results.
Target Audience
The primary target audience includes renewable developers, transmission planners, energy traders, generation owners, utilities, ISO/RTOs, and power engineering consultancies involved in electric power system analysis and market participation.
Features
- PROMOD Analysis Tool (PAT) for analyzing and re-solving PROMOD results
- APC Reporter for automated report generation from PROMOD outputs, eliminating manual scripting
- PAT Trader for accessing and analyzing market data from MISO, PJM, and SPP
- Tools to identify missing constraints, analyze congestion, and predict outage effects
- Capabilities for custom reporting for nodal forecasts
- Features to streamline the siting process for new generation projects
- NERC-CIP compliance to ensure adherence to regulatory standards