Fortum chose Process Vision GENERIS solution for its future business platform
26/November/2010 13:02
Fortum and Process Vision have signed today a contract for the large scale meter data management (MDM) system including professional services for consultation, commissioning and testing the system as well as migrating the data from Fortum’s existing systems. The main objective of the project is to enable Fortum to prepare for the new requirements of year 2013 set by the new Finnish regulations for meter data management. The main objective of the project is to enable Fortum to prepare for the new requirements of year 2013 set by the new Finnish regulations for meter data management. The system delivery complies with the needs of invoicing hourly measured electricity customers and performing the electricity supplier’s balance settlement resulting from the grid companies’ obligation to implement hourly measurements of electricity consumption for minimum 80% of the delivery points by the end of the year 2013.
“Process Vision has been system vendor and professional service supplier for Fortum for several years. We have worked together in a number of business areas to improve our business processes. Therefore this project is a natural continuation to our on-going work”, says Pamela Molander, Project Manager at Fortum. “The drastic increase on measurement volumes has a strong impact to our business processes: The new GENERIS system has a high performance for importing, validating and processing the data in narrow time windows. After the implementation of hourly meter readings and implementing systems to manage these we can also offer more tailored contracts, based on hourly data, to our customers” continues Ms. Molander.
“This MDM system delivery to Fortum’s Finnish electricity retail business is significant for us and we are pleased that Fortum selected our solution”, says Simo Makkonen, CEO of Process Vision. “We also see that this delivery enhances the utilization of smart metered data in the Finnish energy market. We are proud to be promoting this development with Fortum”, declares Simo Makkonen.
For further information please contact:
Pamela Molander, Fortum, tel. +358 10 453 4259, e-mail: pamela.molander@fortum.com
Process Vision, e-mail: customerservice@processvision.fi
About Fortum Fortum’s purpose is to create energy that improves life for present and future generations. We provide sustainable solutions that fulfil the needs for low emissions, resource efficiency and energy security, and deliver excellent value to our shareholders. Our activities cover the generation, distribution and sale of electricity and heat as well as the operation and maintenance of power plants.
Fortum’s operations focus on the Nordic countries, Russia and Baltic Rim area. In the future, the fast-growing, liberalizing Euro-Asian energy markets provide additional growth opportunities. In 2009, Fortum’s sales totalled EUR 5.4 billion and operating profit was EUR 1.8 billion. We employ approximately 11,500 people. Fortum’s shares are quoted on NASDAQ OMX Helsinki.
Further information: www.fortum.com
Norway’s largest energy utility Hafslund chose the GENERIS system
03/November/2010 13:02
Process Vision Oy and Hafslund have entered into a Letter of Intent regarding delivery of a large Meter Data and Meter Asset Management System based on Process Vision’s GENERIS system platform. The final system implementation will house subscribers’ meter data for electricity network owner. Hafslund Nett with its 540.000 subscribers is Norway’s largest utility company and the fifth largest utility company in the Nordic countries.
The Norwegian process for Smart Metering roll-out (AMS), legislatively controlled by Norges vassdrags - og energidirektorat (NVE) is synchronized with the European standardization process M/441. The final decision for AMS in Norway is expected to be taken during 2011. With the implementation of a new Meter Data and Meter Asset Management system from Process Vision, Hafslund Nett will be well prepared to manage the challenges with a nationwide Smart Metering roll-out process.