KBC launches new release of high-fidelity analytics technology
Feb 4, 2019KBC (A Yokogawa Company) today announced the release of a new high-fidelity analytics technology, Visual MESA Multi-Period Optimizer (VM-MPO) 6. It will allow scheduling engineers and operators to incorporate more precise forecasts into the decision making process, over various time horizons when dealing with multiple time-dependent constraints, resulting in increased optimization benefits of their energy systems.
Changes in electricity price contracts (e.g. real-time pricing, time
of use pricing, critical peak pricing), variability of natural gas
prices, and the capability of process plants to become electricity
providers to the grid while managing a wide variety of energy sources
(fossil fuels, renewables, etc.), impose unprecedented challenges to
scheduling engineers that aim to deliver the most economic dispatch of
energy to meet demand.
With this release, KBC’s first-to-market integrated optimal scheduling
and real-time optimization offering for energy systems now has seamless
integration with analytics platforms and external data analytics
services to better predict unmodelled variables. The improved forecasts
generated by these new capabilities result in users now being able to
trigger more aggressive optimal actions, realizing additional benefits
available in the system.
“Within any business decision, uncertainty exists due to time-related
assumptions,” comments Andy Howell, CEO of KBC. “We are very excited to
release VM-MPO 6 to make the process industries smarter, more real-time,
nimble and agile, and in doing so, accelerate customers’ ability to
save energy, achieve sustainability, and deliver operational
excellence.”
VM-MPO 6 brings together data analytics, first principles and
multi-period constraints in a purpose-built mixed integer optimization
to continually ensure that the right decisions are made about which
generation assets to start up, shut down and where to deploy energy at
lowest economic cost. Case studies have demonstrated this new release’s
ability to improve optimization benefits by 5 per cent.
VM-MPO 6 constitutes a major upgrade of already proven technology that
enhances the industry’s leading real-time optimization technology,
Visual MESA Energy Real-Time Optimizer (VM-ERTO) by adding an upper
decision layer where the time-sensitive variables are optimally defined.
VM-MPO benefits from enhanced connectivity between data sources,
forecasting methods, model structure and multi-period constraint
capabilities for solving at speed. This technology further extends
Yokogawa’s end-to-end portfolio of energy optimization solutions.
VM-MPO 6 is available today. To find out more please contact KBC directly or contact your local Yokogawa affiliate.

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