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John@EganEnergy.com

Glen Mills, Pa. (April 29, 2014) — Versify Solutions, a leading SaaS provider of integrated analytics to power generators, is helping some of the nation’s largest power producers improve financial and operational performance despite today’s turbulent market conditions. The successes of generators like Duke Energy, LS Power and Acciona are summarized in a recent, third-party research report entitled Power Producers Can Use Integrated Analytics to Drive Margin, Reduce Risk and Improve Asset Performance.

 

Versify’s integrated analytics platform helps investor-owned utilities (IOUs) and independent power producers (IPPs) significantly improve and integrate operations, dispatch, trading, compliance and other critical generation-support functions in as little as 90 days. The latest study found users have recouped, on average, a return of seven times their Versify software investment, with some as high as 20 times. Their returns are based both on increased margin and cost savings. Users report saving as much as $500,000 in a single instance and increasing revenues in increments of $10,000 to $20,000 per plant at a time — often adding up to millions annually.

 

Versify CEO Pete Cona said, “We are sharing this research with the market to show how our integrated analytics help generators create measurable value in a very challenging environment. When it comes to managing all the varying types of generation, including renewables, the days of legacy processes are giving way to more automated systems that can provide enhanced analytics and operational work flows that help improve and execute decisions and processes across the commercial operations enterprise.”

 

“Today, Versify is creating value in a number of ways including analytics, operations support and compliance management,” Cona continued. “Power generators are clearly benefitting from investments in integrated analytics. We’re happy to help our clients get ahead — and stay ahead — of a constantly moving curve.”

 

Copies of the research paper are available here.

 

About Versify Solutions

Versify Solutions Inc. provides SaaS and PaaS application solutions that integrate a company’s vast data sources to improve performance, reliability and efficiency of generation assets. Versify products, including V-PERFORMANCE®, V-TRADER®, and NETcompliance® offer generators and energy traders better information, empowering them to perform at the highest levels. The company offers a unique portfolio of analytical applications and services that provide key insights into generation performance, regulatory compliance, power-plant outage management and trading market opportunities. For more information, please visit http://versify.com/.

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