Ventyx to Provide Efficient Power Distribution Management Tools for the Lyse Group
Ventyx inks new software license contract that will contribute to reliable power distribution for the Lyse Group.
- (1888PressRelease) November 15, 2011 - WOKING - Ventyx®, an ABB company, today announced a significant new software license contract that will contribute to reliable power distribution for the Lyse Group, an energy and telecommunications company, with systems that optimize the management and monitoring of power generation and transmission. The contract value is approximately $3.5 MUSD.
Ventyx will deliver a complete upgrade of the systems for management and monitoring of power generation and distribution. The Network Manager SCADA energy and distribution management systems (EMS/DMS) helps cut operating costs and secure power supply.
"A modern control system is critical to efficient operations of the power grid; Network Manager optimizes the control of a power system and ensures efficient and reliable power supplies. It is flexible and scalable, and therefore prepared to meet the challenges of the future," said Yilang Chen, head of Network Control at Ventyx.
The contract is worth approximately $3.5 MUSD and was signed in the third quarter of 2011. Deliveries will begin in the fourth quarter of 2012 and be completed by third quarter of 2013. The system is designed so that the transition to the new system could take place without disruptions. The customer will be able to reuse existing databases. Historical data, together with real-time data, constitute an efficient tool for decision making.
With Network Manager the customer will have advanced functionality available for power generation and condition monitoring of the power grid, as well as a simulator for operator training. The system will integrate with the existing solutions for the management of work orders. In the contract there is also an option for gas distribution and wind power generation management solutions.
"By introducing more automation and smart functionality into our products and systems, we enable the customer to run their operations more efficiently, identify and restore faults effectively and make sure that as much of power as possible will reach the end user," said Chen.
The Lyse Group is an energy and telecommunications company, owned by 16 municipalities in Southwestern Norway. The Group has 900 employees and a turnover of approximately $900 million USD in 2010. The business includes production and sales of energy and telecommunications products, as well as construction, operations and maintenance of infrastructure.
About Ventyx, an ABB Company
Ventyx, an ABB company, is a leading business solutions provider offering enterprise software, energy markets data and professional services to more than 1,250 energy, utility, communications and other asset-intensive organizations worldwide. Ventyx offers the only IT platform allowing clients to close the gap between operations technology (OT) and IT, delivering the first integrated software and power automation solution set able to achieve "source-to-socket" market transformation. For more information, visit our Website at www.ventyx.com.
Ventyx is a registered trademark of Ventyx Inc. Other company and product names may be trademarks of the respective companies with which they are associated.
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