Ascend Analytics saw record growth in 2011, adding new clients and enhancing client services while expanding technical capabilities to increase modeling speed and software functionality.

 

In the fourth quarter alone, the company signed contracts or implemented analytic applications for a roster of new clients that included PPL EnergyPlus, Sempra Generation, Riverside Public Utilities and Tacoma Power.  “Our growth reflects our commitment to creating the best analytic solutions in the energy industry,” said Ascend Analytics President Gary Dorris. “Ascend’s staff exceeded it’s goals in every facet of service and technical expertise in 2011 and we will double our technical staff in 2012 to build new analytic processes and broaden our client base.”

 

 The new clients and business opportunities allow Ascend to focus additional revenue on expanding and refining analytic applications that continue to lead the industry. Ascend enhanced and optimized its software products in these key areas:

 

Speed – Power professionals depend on Ascend for analytic excellence and more of them are demanding higher intra-day operational speed.  To satisfy that requirement, PowerSimm can now calculate more than one million simulations per calendar year in 10 minutes, maintaining the strict modeling and convergence benchmarks that Ascend clients have come to expect.

 

Functionality – Ascend continues to enhance its applications to meet emerging critical issues including ancillary services, wind integration, least-cost/least-risk resource planning, and short-term ISO bidding.  Utilizing PowerSimm’s flexible hourly simulation framework, Ascend adapts instantly to client needs.

 

PowerSimm OPS provides intra-day generation management, optimal dispatch and bidding strategy support.

 

Expanded capability – The addition in 2011 of optimal generation dispatch modeling makes Ascend’s product suite a complete solution for short-term operations.  Using the same PowerSimm framework, Ascend now offers clients short-term (day ahead) generation dispatch and ISO bidding software.  PowerSimm OPS provides real-time schedulers with the data they need to optimize generation portfolios and minimize bidding risks.

 

 

 

Company Growth

Ascend increased staff in every operating unit in 2011, adding employees in its development, information technology, product implementation, customer service and marketing teams.

 

 About Ascend Analytics
Ascend is a software service company based in Boulder, Colorado (US), with a focus on best-of-breed risk analytics solutions.  Typical applications include: PowerSimm for energy portfolio analysis, generation dispatch, hedge optimization, planning & budgeting, price simulations, and risk analysis.  CurveDeveloper provides crucial market data infrastructure and analytics for developing forward curves.  Other applications include:  Credit Manager, EnergyStorage, PowerSimm OPS & PowerSimm Planner.  Ascend utilizes the latest computing technologies and modeling techniques for energy analysts and risk managers to model asset backed portfolios in greater detail and accuracy.  More information about Ascend Analytics can be found at www.ascendanalytics.com

 

For more information, please contact David Leevan, VP Sales & Marketing dleevan@ascendanalytics.com  (+1 303 415 1400 x1031).