Tibco and Siemens to provide integrated solutions
Siemens Power Transmission and Distribution (PTD) and Tibco Software are to jointly develop integrated software solutions for energy companies.
The contract will enable energy suppliers to compete on a global basis within deregulated energy markets by utilizing integrated software solutions.
The companies have deployed the solution with Leipzig-based Kom-Strom energy trading association, which acts as a national energy supplier trading energy on behalf of its members.
Siemens PDT and Kom-Strom aim to jointly supply the municipal energy market with IT solutions for energy trading.
Siemens PTD will deploy the Tibco Adapter (software development kit) to directly connect the disparate systems to the Tibco platform. This will result in an integrated system which works on the basis of an intranet or extranet making is accessible worldwide via an internet browser.
Partnership to improve energy trading practices
Software company Aspen Technology has formed a partnership with Logica to help UK utilities operate more efficiently in the new deregulated marketplace.
Due to the introduction of last year’s New Electricity Trading Arrangements (NETA), the tight trading restrictions mean that power generators need to be able to react quickly and accurately to market demands. Failure to do so will incur fines. Logica has therefore formulated a market participant solution to address this.
The enhanced data will give energy companies the ability to respond quicker to market fluctuations.
GE Nuclear Energy extends nuclear pact with Hitachi
GE Nuclear Energy and Japan’s Hitachi have signed a contract that extends their agreement for the development of advanced nuclear technology.
The ten-year agreement cements their business relationship that started in 1967. The relationship has played a core role in the development of inexpensive and environmentally friendly nuclear power.
The contract will strengthen the joint effort to supply new nuclear power plants such as the Advanced BWR plant, which generates four per cent of the world’s electricity.
Enron demise has global impact
Reports on Enron’s saga have not been too media-shy over recent months since its collapse. Enron’s slump freezes any further trading, but how significant is the ripple-effect globally?
The obvious targets are the rival power companies, they will suffer due to direct or indirect trading with the energy giant.
Enron’s Indian arm, the Dabhol Power Company, which was going through enough problems without the bankruptcy filings, now has the burden of debt that accumulated during its non-operational life.
Banks will now have to sweat out an impossible battle to reclaim loans, not to mention the three core groups that need a slice of the financial pie, however small.
Firstly the law firms then the accountants, Andersen, whose chief executive Joseph Berardino admitted that due to Enron’s demise, the practice of accountancy as a whole will have to be reformed. Lastly, the shareholders that have seen shares drop heavily leading the company to disappear, on paper at least.
Plambeck to buy France’s Ventura
German renewable energy group Plambeck Neue Energien will acquire an 80 per cent stake for an undisclosed sum in France-based rival, Ventura.
Both firms, which develop wind farms to sell to power generators, will not undergo any name change as the deal allows Plambeck to invest in the French market without having to create a subsidiary.
Recent legislation guarantees minimum prices for wind power in France, similar to those which sparked a boom in Germany.
The move is the German’s first venture abroad that allows it to catch up with its German rivals Energiekontor and Umweltkontor Renewable Energy. Plambeck also plans to construct more than 20 biomass-fueled power plants.
Actaris buys metering business
Actaris has sealed a deal that saw it buy Schlumberger Resource Management Services with the exception of electricity and water meters in North America.
Actaris, a newly formed company and leader in multi-energy metering products and systems will be headed by Paul Bize and Clermont Matton, two former Schlumberger executives and is financed by LBO France, a private equity house.
Thomas Boulman, financier based in Paris, who lead the deal, declined to reveal financial details but noted that LBO will have a minority share.
ABB resignation: Percy Barnevik has resigned from his post of chairman and board member of ABB. He will be replaced by Jürgen Dormann who is currently a member of the ABB board and chairman of the management board of Aventis. “With my departure I take my share of responsibility for the less good performance of ABB in recent years,” Barnevik said in a recent statement.
ACE outage protection: ACE USA Power Products has announced a new addition to its family of coverage for electricity utilities. The PowerBacker LTO has been designed exclusively for the protection of utilities against long-term outages.
BP selects B2B software: BP has selected Tibco Software to integrate and automate its global energy trading and supply business. Tibco will supply its Enterprise Application Integration portal and business to business (B2B) integration software to develop and deploy common business practises, and seek synergies between the energy trading and supply business.
Hitachi product development: Japan’s Hitachi Ltd. and Atomic Energy of Canada Ltd. are developing the Next Generation Candu nuclear power plant in China. It will retain proven elements of the Candu design, but features a number of innovations, including a more compact reactor core design, improved thermal efficiency and extended fuel life.
McIlvane report: A report from McIlvaine predicts that worldwide sales of industrial cooling towers and their components will grow from $3bn in 2001 to $3.6bn by 2006. The Cooling Towers World Market 2001-2006 report claims that the growth in power generation will prompt the growth in the cooling tower market.
NKK CFB design: NKK has developed a new circulating fluidized-bed (CFB) boiler which can use construction-waste scrap wood or a mixture of wood and plastic as fuel. In laboratory test the 20 MW CFB boiler reached a maximum efficiency of 31 per cent.
Nordex AG: After a construction period of just six months, Nordex AG has started operation at their new rotor blade production facility. €15m ($13.5m) was spent on converting the Rostock freight handling centre into a modern manufacturing facility which will produce 30-40m rotor blades for turbines.
RWE Group lift: RWE Group lifted operating results for the first quarter of fiscal 2001 to 37.9 per cent to €903m year on year. The company believes the growth in income has come from core business in the electricity, gas, water and waste water services and waste management.