LOUISVILLE, Ky., April 23, 2002 — Genscape Inc., a provider of real-time power supply information, announced that the company has tripled its customer base thus far in 2002.
Currently, more than 25 of the nation’s largest energy traders have subscribed to Genscape Power Version 2.0 or are engaged in pre-subscription testing.
“Response to Genscape’s product since January has been strong, confirming the value of Genscape’s real-time power supply information to energy markets. Despite the mild fall and winter, companies such as Aquila and Cinergy place considerable value on Genscape’s real-time supply information.” said Sean O’Leary, Chief Marketing Officer and co-founder of Genscape.
“A growing list of Genscape Power Version 2.0 users has seen the value of Genscape’s real-time power supply information year-round, not just in the more volatile, upcoming summer months. Genscape expects this summer to be a period of rapid new client acquisition, as Genscape’s plant monitoring network in the U.S. nears completion. Also encouraging is the amount of regional utility interest in Genscape’s products.” said Mike McAuliffe, Vice President of Sales and Marketing at Genscape.
Genscape’s information gathering and distribution system relies primarily on a proprietary, patent-pending technology to monitor the real-time outputs of the United States’ important power plants and high-voltage transmission lines. Information reported to customers includes highly accurate estimates of the real-time electrical output for power plants; power flows over strategic transmission paths, and associated information.
Genscape Inc. bills itself as the originator of real-time power supply information to support decision-making for energy traders, power plant and line owners and operators, regulators, and other energy market participants.