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TMCNet:  Nexant iEnergy Software Powers Demand Side Management Planning, Forecasting, and Cost-Effectiveness for Utility Portfolios

[December 17, 2013]

Nexant iEnergy Software Powers Demand Side Management Planning, Forecasting, and Cost-Effectiveness for Utility Portfolios

SAN FRANCISCO --(Business Wire)--

Nexant today announced new and expanded utility DSM (News - Alert) program management capabilities for Nexant iEnergy-its purpose-built, end-to-end business process management software solution. Nexant iEnergy's proven platform provides utilities with a comprehensive solution for planning and managing all demand side management (DSM) business processes and portfolios.

Utility executives responsible for DSM portfolios are struggling to make these programs as cost-effective as possible and to report results to key stakeholders. Increased pressure to reduce costs has made DSM planning, forecasting, and cost-effectiveness testing critical to achieving energy savings. Utilities continue to manage DSM progras using outdated tools such as spreadsheets or custom-built or CRM-based tools that do not fully automate the entire DSM business management process.


With Nexant iEnergy, DSM planners and managers can easily simulate, model, and adjust the optimal mix of energy savings measures, administrative budgets and incentives, participants, and program scenarios to meet energy savings goals and compliance requirements. With Nexant iEnergy, utilities can streamline tracking and reporting and also run cost-effectiveness tests at any point in time for all programs, projects, and individual efficiency measures over their lifecycle-providing crucial information for reporting, load planning, and analysis.

"The Nexant iEnergy platform continues to fundamentally change and streamline how utilities manage DSM programs to drive energy savings, reduce costs, and meet compliance requirements," said Nexant Senior VP and CTO Martin Milani. "By leveraging these new capabilities in Nexant iEnergy, utilities can now incorporate essential planning, forecasting and cost-effectiveness testing into one centralized system of record for end-to-end DSM business process and program management."

ABOUT NEXANT

Nexant offers a comprehensive suite of best-in-class software and services designed to transform utility business processes and implement smart grid and demand management initiatives. Over the last decade, it has been developing and commercializing technology solutions and offerings-such as Nexant iEnergy®, Nexant Grid360™, Nexant iHedge®, Nexant RevenueManager®, and NexantThinkingTM-that enable utilities, power producers, and energy resource companies to improve operational and financial efficiency, reduce risk, and enhance customer engagement across the energy value chain.


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