SCHENECTADY, N.Y.---March 6, 2014---Building on a long-standing business relationship, GE Energy Consulting and the renewable energy department of China Electric Power Research Institute (CEPRI) have agreed to a three-year license arrangement allowing CEPRI to use GE's Multi-Area Production Simulation (MAPS) software. The renewable energy department of CEPRI (a subsidiary of State Grid Corporation of China) provides key technical support for the growth of renewables in the country. For example, it is building up its capability to perform production simulations for renewables integration studies.
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.
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