Energy Solutions Releases GasLoadForecaster 3.0
Posted on: Wednesday, 25 October 2006, 15:01 CDT
Energy Solutions International, the Houston-based leading global supplier of oil and gas pipeline management software, today announced the release of GasLoadForecaster 3.0(R). GasLoadForecaster V3.0 is a Microsoft.NET(R) application that provides an intuitive user interface and supports multiple databases, including Microsoft SQL Server(TM) and Oracle(TM). The leading neural network product dedicated to the gas market, GasLoadForecaster learns historical patterns to predict future market behavior in order to provide optimum revenue at the lowest cost. It offers capabilities in capacity management, demand forecasting, imbalance management and neural network forecasting.
Other GasLoadForecaster 3.0 features include: improvements in forecasting speed, improved forecast accuracy support for multiple weather vendors and additional variables in the forecasting process, including weather accuracy determination. Users can now enter any economic data they desire as input into the neural network. The product's forecasts are based upon minimum, maximum and average weather values. In addition, forecast data can be stored as far in advance as there is weather data. GasLoadForecaster interfaces with the advanced hydraulic gas pipeline models available from Energy Solutions.
"GasLoadForecaster is an integral part of our suite of products for the gas pipeline industry," said John Sherman, Energy Solutions chief operating officer. "This release will help our customers gain even more accuracy and speed in their gas load forecasts, increasing their competitive advantage in the market. We've already seen customers benefit from this product with 95% accuracy rates, and now they can exceed those numbers in less time. Recent tests at large customer installations have shown forecasting performance improvements of 200-300%. This tool is another example of Energy Solutions' fundamental objective -- providing advanced pipeline modeling capabilities to help our customers make money. The improvements to ease of use, speed and multiple weather data sources will enhance the value that companies can gain from GasLoadForecaster."
About Energy Solutions International
Energy Solutions International is the leading global supplier of pipeline management software for the oil and gas industry. The company's broad range of integrated products drives excellence in operational efficiency, throughput management, and pipeline safety and transaction management. Founded in 1976 and headquartered in Houston, Texas, Energy Solutions serves more than 500 clients in over 70 countries through its offices in the United States, United Kingdom, India, China and Canada. For more information, visit www.energy-solutions.com.
Source: Business Wire
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