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5/1/2008
Fichtner to use ADICA’s Smart Market® Solution - GTMax
Fichtner to use ADICA’s Smart Market® Solution - GTMax
Oak Brook, IL - May 1, 2008 (News Release)
ADICA, an industry leader in providing Smart Market® business solutions and decision support to energy companies worldwide, announced today that Fichtner GmbH & Co has chosen its Generation and Transmission Maximization (GTMax) software.
GTMax optimizes the operation of the generation and transmission system and analyzes regional interconnections. The software helps generation companies and utilities maximize the value of their system assets, taking into account firm and non-firm contracts, independent power producer (IPP) agreements, bulk power transaction opportunities, and limitations of energy and transmission resources.
GTMax is also applied in support of regional projects conducted for international banks and development agencies. In a study conducted for the U.S. Agency for International Development (USAID), the software provided valuable insights in identifying projected trades between regional market hubs in Southeast Europe, market clearing prices across the regional network, economic benefits of regional trading, economic impacts on individual countries, companies, and consumers, and the role of hydropower in the future regional electricity market.
About The Fichtner Group
With its 26 subsidiaries and associated companies, Fichtner has more than 1,400 employees worldwide, of whom the home office in Stuttgart employs over 300 experienced engineers, economists and management consultants in a wide variety of specialist fields. Fichtner provides a combination of engineering and consulting, as required for the realization of large-scale projects conducted for development banks, government agencies and research institutes, together with infrastructure service providers such as power companies, utilities and transport companies.
About ADICA
ADICA, LLC is an industry leader in providing Smart Market® business solutions and decision support for energy companies and government agencies worldwide. Our innovative software products, developed in collaboration with Argonne National Laboratory, provide unique and valuable insights that enable our clients to succeed in the energy marketplace.
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