SpatialNews Press Release
Platts and Genscape Sign Joint Marketing Agreement
www.platts.com
www.genscape.com
Genscape and Platts today announced that Genscape's real-time power plant and transmission capacity product, Genscape Power 2.0, has been integrated with Platts' premier energy mapping system, POWERmap.
Genscape Power 2.0 monitors real-time output from major power plants and transmission lines using a highly reliable, proprietary scientific method that is unique to the industry. Platts POWERmap, used by over 1100 energy professionals in North America, is a desktop mapping system that contains over 60 key map layers of energy industry infrastructure and markets data encapsulated within a robust software interface.
"Platts is determined to provide products that enhance transparency and decision-making in energy markets," said Randy Majors, Managing Director of Geospatial Products at Platts. "Genscape Power 2.0 adds critical, real-time power plant status information to other data feeds available for POWERmap such as weather, electricity and natural gas prices, and transmission congestion."
Under the agreement, Genscape Power 2.0 will be marketed and sold in conjunction with the Platts POWERmap system. In addition, Genscape will publish its Daily Nuclear Report in four of Platts' daily publications including Megawatt Daily, Electric Power Daily, Platts Energy Trader, and Gas Daily. This report describes significant plant utilization changes with graphs depicting multi-day, individual plant utilization.
"This agreement with Platts will increase our exposure to the U.S. energy industry," said David A. Doctor, President of Genscape. "We believe widespread use of our unique real-time power supply information should make prompt markets more orderly, producing value for many in the industry."
For queries about Genscape Power or POWERmap, contact Kyle Taylor, Database and Geospatial Sales Manager for Platts (720-548-5661 or kyle_taylor@platts.com), or Mike McAuliffe, Vice President of Sales for Genscape (502-583-3435 or mike.mcauliffe@genscape.com).
ABOUT PLATTS
Platts is the world's largest energy information provider, specializing in news, prices, data, analysis, analytical tools, geospatial systems, research and consultancy for the complete spectrum of the energy industry. Every day, more than $10 billion of trading activity and term contract sales are based on Platts' price assessments. Additional information is available at www.platts.com.
ABOUT GENSCAPE
Genscape Inc. is the originator of real-time power supply information to support decision-making for energy traders, power plant and line owners and operators, regulators, and other energy market participants. Additional information is available at www.genscape.com.
For More Information: Jim Keener, PR Manager, (720-548-5624) james_keener@platts.com or Sean O'Leary, Chief Marketing Officer, (502-583-3675) sean.oleary@genscape.com
SOURCE Genscape Inc.
CONTACT: Jim Keener, PR Manager of Platts, +1-720-548-5624, or
james_keener@platts.com, or Sean O'Leary, Chief Marketing Officer of Genscape
Inc., +1-502-583-3675, or sean.oleary@genscape.com/
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