Automsoft Announces new Product, rapidEnergy™
6 Jun 2009 Dublin, Ireland: Automsoft today announces the release of its solution for the global power industry, rapidEnergy. rapidEnergy is a complete data management solution for power utilities, enabling for the first time, the collection, storage and analysis of all data associated with the power business. It incorporates support for Automated Meter Reading (AMR) with no limits on the amount of data collected and stored, energy management, grid trading as well as data collection and storage associated with all aspects of the management of any power plant.
rapidEnergy comes with a number of modules – Automsoft‟s nuaViews web-based front end enabling visualization, reporting and data mining of all data sources, the rapidEnergy Database which collects and stores data from EMS, SCADA, DCS, field devices, RTUs and other data stores such as historians, rapidEnergy Trading which collects market data published by Grid Managers and supplies both bespoke tools and pre-packaged reports to enable the analysis of current market data to predict future requirements, and in combination with internal load data to deliver a complete market trading application.
rapidEnergy is now on trial with utilities in Europe, South East Asia and the Middle East and initial responses are very positive. rapidEnergy has been identified as the only product in the market capable of managing the entire spectrum of data needs of the 21st century utility, from market management and trading to automated meter intelligence.
Paraic O‟Toole, CEO of Automsoft commented “This is a huge step forward for the industry. The challenge for the global utilities industry associated with the creation of the Smart Grid – AMR, intelligent networks, energy trading – is how to collect, store, manage and analyze the massive volumes of data that these systems produce. In addition, the further challenge is to distill from all the data the key elements necessary for decision making. rapidEnergy is the culmination of years of development and research in collaboration with our customers to deliver the right solution to the market, at the right time.”
Automsoft is a global data management software company, headquartered in Ireland with offices in the United States, Middle East and the US and partner companies in Scandinavia, Middle East and Europe. Automsoft specializes in software to manage process data across a range of industries including Energy, Life Sciences, Utilities, Oil and Gas, Food, Beverage, Pulp and Paper and Mining. The company counts many of the Fortune 100 companies as customers and is recognized in particular as a leader in the area of data management in regulated industries.
About Automsoft:
Automsoft is one of the world‟s premier providers of advanced data historian and process optimization solutions. Automsoft's rapidHistorian™ and nuaViews™ product suite enables powerful and secure highspeed data retrieval, vast storage capacity, complex analysis and sophisticated visualization. Founded in 1997, Automsoft has a global customer base of thousands of installations across diverse industrial sectors including Power & Utilities, Renewable Energy, Maritime, Manufacturing, Life Sciences and Oil & Gas.
Today, Automsoft is at the cutting-edge of „cleantech‟ solution development enabling advanced meter data aggregation, smart grid integration and smart building management. Automsoft has international offices in the US, Europe, Middle East & Asia. For more information, please visit http://www.automsoft.com
