Asset Modeling Software Solution

It is a cloud‑native software solution powered by the trusted PROMOD engine used for power market simulations. The solution simulates the economic and physical behavior of power systems to forecast nodal prices (LMPs), unit commitment/dispatch, congestion, and reserve needs without requiring on‑premise installs.

Company types:

• Utilities/co-ops
• IPPs
• Developer (especially renewable and battery energy storage system (BESS) developers)
• Regional transmission operators (RTOs), independent system operators (ISOs), and market operators
• Consultancies
• Academia and research
• Government and regulatory agencies

Personas:
 

• Project developer/engineer/manager 
• Business/finance analysts
• Transmission planner/analyst 
• Consulting engineer 
• Energy storage engineer/manager/director 
• Generation planning engineer 
• Researcher 
• Energy economist 
• Head of interconnection and transmission 
• Grid transformation manager 
• Planning engineer 

It runs hourly, production‑cost simulations using security‑constrained unit commitment and economic dispatch (SCUC/SCED) to generate nodal/zonal prices, unit schedules, congestion, reserves, and related metrics (fuel use, emissions, profitability, etc.). It considers transmission limits and reliability rules to reflect real‑world grid constraints and behaviors.

Some outcomes and examples below:
 

• Electric grid over large geographical footprints
• Thermal generation and fuel consumption
• Emissions
• Renewable generation
• BESS
• Pumped hydro
• Outages and contingencies
• Ancillary services
• Emergency and extreme event scenarios

Yes. It applies security‑constrained commitment and dispatch (SCUC/SCED) and co‑optimizes energy and operating reserves, producing nodal LMPs and congestion results consistent with ISO practices that are critical for siting, interconnection, outage, and curtailment assessments. For example, major market operators in both the Western and Eastern Interconnections utilize our asset modeling software for their transmission planning.

Yes. The software uses the same PROMOD engine and methodology (SCUC/SCED). With similar inputs, expect similar results and outputs. The difference is delivery and workflow: Runs are orchestrated in the cloud rather than on a local machine. Contact us to see how similar the results are, in addition to gaining the  benefits of the cloud.

The vast majority of our customers initially use our Simulation‑ready Data offering to run a baseline result within their footprint. Customers can then swap or modify the data and rerun it for comparison. Because the Asset Modeling software is deployed in the cloud, there’s no IT setup and you can start running simulations on your browser.

Moving to the cloud means faster runs, more scale, and less overhead. With cloud deployment, you’ll be able to:
 

• Start instantly in a browser—no installs or hardware required.
• Run one or thousands of simulations in parallel with 99.5 percent uptime and built‑in disaster recovery, i.e., you’re not constrained by on-premises hardware.
• Lower operational costs and burden. We handle upgrades, security, and patching.
• Collaborate easily with centralized scenario (study) and simulation run (job) management.
• Keep continuity with the same PROMOD engine and results, but now with cloud speed and APIs for your workflows. That is, if you’re currently using PROMOD software, there will be minimal or zero disruptions by converting to the Asset Modeling software.