Fremont, CA (PRWEB) October 03, 2011
Space-Time Insight, a provider of next-generation situational intelligence solutions, today announced that it has been named a finalist in the 13th Annual Platts Global Energy Awards, for the deployment of its geospatial and visual analytics applications within a state-of-the-art control center at the California Independent System Operator (ISO). The 2011 finalists, selected from more than 200 nominations, were announced this week by program host Platts, the leading global provider of energy, petrochemicals and metals information.
Established in 1999 and often described as “the Oscars” of the energy industry, Platts Global Energy Awards highlight corporate and individual innovation, leadership and superior performance in 19 categories spanning the entire energy complex. Together with the California ISO, Space-Time Insight is on the short list for the “Sustainable Technology Innovation of the Year” award category, which recognizes technologies focused on renewable energy. Winners will be named at the 2011 Platts Global Energy Awards celebration, to be held December 1, 2011 at Cipriani Wall Street in New York City.
“We congratulate our finalists and look forward to spotlighting their accomplishments and all others when we unveil the Global Energy Awards winners in December,” said Larry Neal, president of Platts.
The California ISO manages electricity flow across 80 percent of California’s power grid, delivering 286 billion kilowatt-hours annually over 25,000 miles of power lines. Using Space-Time Insight’s geospatial applications for situational intelligence in combination with sophisticated video displays, the organization is able to visualize, correlate and analyze large volumes of raw data from multiple sources in order to detect anomalies on the electric grid, achieve efficiencies, maximize reliability and optimize the use of alternative power sources.
“California has one of the most ambitious agendas for addressing climate change in the world,” said Steve Berberich, president and CEO at the California ISO. “Because of its 33 percent by 2020 renewables portfolio standard, California is really leading the way and serving as a dress rehearsal for America.”
“California ISO’s use of state-of-the-art geospatial displays, combined with our applications for situational intelligence, demonstrate the power of visualization in driving sustainable decision-making and greater energy efficiencies in a real-time, data-intensive environment,” said Rob Schilling, CEO at Space-Time Insight. “We are honored to be recognized as a finalist for this prestigious award.”
The awards event will be preceded on the morning of December 1 with an associated event, Platts Global Energy Outlook Forum, which features roundtable discussions from debates from executives, government officials and industry leaders on “The World’s Quest for Clean Energy.” For the full list of 2011 Platts Global Energy Awards finalists or for more information on the Awards, visit the Platts Global Energy Awards website.
About Space-Time Insight
Space-Time Insight transforms the vast quantities of disparate information spreading across organizations, into intuitive visual displays that businesses can use to make informed real-time decisions. From traditional transmission, communications and transportation networks to Smart Grids and Cities, our next-generation situational intelligence solution is making critical infrastructure smarter, safer and more reliable. With Space-Time Insight, enterprises can visualize and analyze their resources across location and time, rapidly respond to disruptions in service, and lower risk while increasing customer satisfaction and profitability. Major organizations around the world rely on our high performance software to gain actionable insights into their businesses and make real-time operational decisions. Space-Time Insight’s partners include Accenture, HCL, IBM, Oracle and SAP. Space-Time Insight is privately held and based in Fremont, CA. For more information, visit http://www.spacetimeinsight.com.
Founded in 1909, Platts is a leading global provider of energy, petrochemicals and metals information and a premier source of benchmark prices for the physical and futures markets. Platts' news, pricing, analytics, commentary and conferences help customers make better-informed trading and business decisions and help the markets operate with greater transparency and efficiency. Customers in more than 150 countries benefit from Platts’ coverage of the carbon emissions, coal, electricity, oil, natural gas, metals, nuclear power, petrochemical, and shipping markets. A division of The McGraw-Hill Companies (NYSE: MHP), Platts is headquartered in New York with more than 900 employees in more than 15 offices worldwide. Additional information is available at http://www.platts.com.
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