Monday, March 11, 2013

NREL uses FICO Xpress optimization suite for energy assessments

USA: FICO, the leading provider of predictive analytics and decision management technology, announced that the US Department of Energy's National Renewable Energy Laboratory (NREL) is using FICO Xpress Optimization Suite to perform energy assessments for government agencies, including Department of Defense (DOD) installations.

These assessments provide technical analysis and input on energy strategies that can help US agencies reduce energy costs, decrease reliance on foreign oil, increase energy security and achieve sustainability goals.

FICO Xpress Optimization Suite is mathematical modeling and optimization software designed to help organizations solve large-scale challenges and make critical resource allocation, asset management and scheduling decisions.

The US government has a goal of obtaining 7.5 percent of total energy consumed from renewables, and DOD has goals of deploying three gigawatts of renewable energy and achieving net zero (producing as much energy as they consume) at some installations.

NREL uses FICO Xpress Optimization Suite to create models for its technical, economic, and policy analysis. NREL makes recommendations for agency and military installations on their energy options from biomass, to landfill gas, waste-to-energy, solar and wind.

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