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GE Energy Consulting Signs Software License Agreement With New York Power Authority

Stocks in this article: GE

Building on a long-standing business relationship, GE Energy Consulting and the New York Power Authority (NYPA) have agreed to a one-year license arrangement allowing NYPA to use GE’s Multi-Area Production Simulation (MAPS) software. NYPA is expanding its current modeling capabilities to perform high-fidelity nodal analysis and has chosen GE’s MAPS software as the best tool to satisfy its modeling needs.

As the electric power industry rapidly evolves, one thing has remained constant—the need to accurately model the economic operation of the power system in order to make informed decisions. GE’s MAPS software allows users to assess the value of a portfolio of generating units, identify transmission constraints that negatively impact the economic operation of the system and to accurately analyze the complex interaction between the generation and transmission assets on the system.

The MAPS software is part of GE’s broader Concorda software suite—that also includes PSLF* (power systems loadflow) and MARS* software. GE Energy Consulting develops, commercially licenses and supports these internationally recognized products that are widely used for planning and simulating electric power grids, assessing the economic performance of large electricity markets and evaluating generation reliability.

About GE’s Energy Consulting Group

For nearly a century, GE’s Energy Consulting experts have focused on solving the electric power industry’s most pressing challenges—driving the evolution of electric power systems with greater affordability, reliability, and efficiency. Today, GE’s Energy Consulting team continues this tradition by providing innovative solutions across the entire spectrum of power generation, delivery and utilization. With our cross-company resources, GE’s Energy Consulting business is able to serve a diverse global client base with a strong local presence.

About GE

GE (NYSE:GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

*Trademark of General Electric Company

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