Structure and Triple Point Team Up at ArcLight Energy Management for Rapid ETRM Deployment
Posted on: Tuesday, 6 November 2007, 09:06 CST
The Structure Group(R) and Triple Point Technologies(R) have announced the successful, rapid deployment of Triple Point Commodity XL(TM) Energy Trading and Risk Management Systems at ArcLight Energy Marketing, LLC (AEM), a manager of both physical and financial assets in wholesale power and gas markets.
The Structure Group(R), a leading supplier of energy market consulting services, was hired by AEM to define business requirements and manage the process of vendor evaluation, selection, and software implementation services -- on an expedited basis.
"AEM selected Triple Point's Commodity XL based on the software's front-office capabilities, application usability, and ability to support AEM's long-term growth potential," said Baris Ertan, Structure's ETRM practice leader and Structure project manager at ArcLight.
"This is quite an accomplishment in a very short period of time," added Bob Adrian, AEM's Chief Executive officer. "I extend my sincere compliments and congratulations to a great project team. I would also like to give special thanks to The Structure Group for its exceptional expertise, guidance, and support in the selection and implementation of our new Triple Point system. The Triple Point system will add substantial value to our trading operations."
About The Structure Group
The Structure Group is a leading provider of consulting services and business solutions to energy market operators and participants in North America and Europe. Established in 1998, Structure has experience working with organizations in all stages of the energy value chain. Structure offers energy consulting practices in Energy Trading and Risk Management, Market Solutions, Operations and Optimization, and Enterprise Asset Management. For more information about The Structure Group, visit www.thestructuregroup.com.
About Triple Point Technology, Inc.
Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities including power, oil, gas, coal, metals, agricultural products, renewables and freight. Triple Point Commodity XL profitably integrates physical and financial markets from the front-to-back office for all commodities on a real-time, next-generation platform. Triple Point's award-winning solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993 and headquartered in Westport, Connecticut, USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com.
The Structure Group Marc Bane 1-978/443-2378 Email Contact Triple Point Technologies Brooke Smith 1-203/291-7979 Email Contact
SOURCE: The Structure Group
Source: MARKET WIRE
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