| [January 09, 2006] |
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Energy Solutions Helps Improve Forecast Accuracy to More Than 95% at Fluxys in Belgium
HOUSTON --(Business Wire)-- Jan. 9, 2006 -- Energy Solutions International Ltd., a world leader in pipeline management systems, and Fluxys, a gas transport company, announced the successful implementation of GasLoadForecaster(TM) with immediate favorable results. Fluxys has been able to improve the accuracy of its gas demand forecasts to more than 95 percent using the neural network technology included in GasLoadForecaster.
Fluxys operates as an independent natural gas transport company in the heart of Europe and plays a key role in the expansion of competition within the European gas market. The Fluxys network and the Zeebrugge Hub are central to cross-border natural gas flows in Western Europe. Fluxys needed a forecasting tool to effectively anticipate gas demand requirements on its network. Energy Solutions' GasLoadForecaster tool reduced forecast development time and improved accuracy, allowing Fluxys operational staff to react more quickly to demand fluctuations and transport constraints as well as to additional shipper capacity requests.
"Fluxys chose Energy Solutions because of the product's accuracy and the robustness, comprehensive administrative functions and overall user-friendliness," said Sophie Jehaes, project leader with Fluxys. "As an IT team member, I am interested in a solution that can be easily integrated with our other business applications but also can work standalone. The performance of the product and the support we have received from Energy Solutions perfectly fulfilled our expectations. We found the GasLoadForecaster to be very user-friendly."
The GasLoadForecaster uses Energy Solutions' J-Neural Net to forecast volume and energy targets at supply points along the pipeline network. This neural network model finds patterns in complex pipeline operations resulting from weather fluctuations, calendar information and other variables. Based on past activity, the network utilizes a training process, where it develops and adapts parameters used in the algorithms that are employed when predicting future demand. The GasLoadForecaster is periodically retrained to provide the most precise demand forecast possible for every meter in a gas pipeline system on a daily or hourly basis.
"The GasLoadForecaster is a fast, highly flexible and easy-to-use tool," noted John Sherman, Energy Solutions chief technology officer. "Customers can see immediate improvements in their gas demand forecasting capabilities by implementing this product. The multivariate, non-linear nature of gas market forecasting makes this a perfect application for neural networks."
About Fluxys
Fluxys, originally Distrigas, was founded in 1929. At the end of 2001, integrated Distrigas was unbundled and Fluxys emerged as a transport company. Fluxys operates as an independent natural gas transport company. As a leader in the transport sector in the heart of Europe, Fluxys plays a key role in the expansion of competition within the European gas market. Fluxys has over 800 employees and a consolidated balance sheet total of 2,029 million euro (year 2002). www.fluxys.be.
About Energy Solutions International
Energy Solutions International is the leading global supplier of pipeline management software for the oil and gas industry. The company's broad range of integrated products drives excellence in operational efficiency, throughput management, pipeline safety and transaction management. Founded in 1976 and headquartered in Houston, Texas, Energy Solutions serves more than 500 clients in over 70 countries through its offices in the US, UK, India, China and Canada. For more information, visit www.energy-solutions.com.
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