Frost & Sullivan Award Emphasises PSI Group's Unswerving Focus On Customer Value Enhancement
LONDON, March 6, 2013 /PRNewswire/ -- Based on its recent analysis of the ICT for smart energy market, Frost & Sullivan recognises the PSI Group, the largest energy control system software provider in Germany, with the 2012 European Customer Value Enhancement Award.
"PSI's products deliver increased quality and reliability of energy supplies, and thus bring added value to end customers in the energy market," noted Frost & Sullivan Research Analyst Ewa Tajer. "Through ongoing development and R&D, PSI offers highly functional and field-proven products facilitating utilities' daily operations. This approach has enabled PSI to grow both in and outside of its German market, despite fierce international competition."
As the energy mix changes to incorporate more renewables, it is expected to bring a host of opportunities and challenges. PSI Group helps utilities to balance renewable energy fluctuations through advanced automation. It facilitates feed-in and load management, enables virtual power plants and offers optimised calculation for energy production, consumption and storage.
"These applications help PSI's customers to minimise the negative impacts of renewables on voltage quality," added Tajer. "For example, while the German energy grid performs well with 15 per cent of renewable energy, PSI makes it possible to increase this share to 20 per cent without investing in storage or cross-border transmission capacity."Furthermore, PSI's monitoring and control systems help energy companies reduce outage duration by detecting fault locations quickly and facilitating more efficient field force management. Since the majority of renewable energy sources will be connected to low voltage networks, PSI also works with other market players to facilitate the energy shift at the distribution level. For example, PSI partners with RWE in a smart project called "Smart Operator". "This project is aimed at testing intelligent low-voltage power grid," explained Tajer. "PSI's control devices are used in the project to enable power flow optimisation and guarantee grid stability with renewable energy supply."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV