Forecasting is an essential part of running a business, and historical data is a vital component of forecasting. Done correctly, forecasting helps a company plan ahead and increase its chances of remaining profitable. When it comes to data, the challenge for many companies today is finding a way to analyze abundant amounts of data in […]
In recent years, there has been a growing worldwide effort to reduce carbon emissions. Many initiatives are in place to reduce or minimize the effect of carbon emissions, including the introduction of stricter energy and fuel efficiency standards; the development of carbon capture and storage (CCS) facilities; the development of alternative energy sources to coal; […]
The New York Independent System Operator (NYISO) was founded in 1999, a period of high electricity prices, in hopes that a more competitive marketplace would help bring the cost of electricity down (NYISO). Currently, the NYISO is responsible for the reliability of power generation and transmission in the state of New York. For over a […]
There has been a recent effort by the natural gas industry to increase the amount of compressed natural gas (CNG) vehicles on the roads. Compressed natural gas is more environmentally friendly than regular gas and saves drivers about $1.50 per gallon compared to gasoline (National Geographic). With great price savings and a smaller negative environmental […]
After eight years in the works, a sod-turning ceremony was held September 13, 2013 to celebrate the beginning of a new project that will result in a $5.7 billion refinery in Redwater, Alberta (about 50 km north of Edmonton) (The Globe and Mail). The Sturgeon Refinery is the first large-scale refinery to be built in […]
More than 1.8 trillion gigabytes of information was created in 2011, and the amount is expected to grow by a factor of 50 before 2020 (IDC Digital Universe Study). The cost to organizations of storing this information is projected to increase from US$379.9 million in 2011 to nearly US$6 billion in 2016 (IDC). With the […]
Technical glitches on trading exchanges have become a reality for the contemporary financial world. “As we continue to eliminate human beings from the execution of security trading, this is the problem you run into,” said Stephen Massocca, managing director of Wedbush Equity Management LLC in San Francisco. “These events are going to take place, given […]
A number of new regulations and rules for corporate swaps came into effect under the Dodd-Frank Act recently. Because of the increased data requirements that correspond with many of the new regulations, we have been keeping an eagle eye on what’s been unfolding. In partnership with Willis Group Consulting, ZE offered a 45-minute complimentary webinar […]
Those of you who follow power industry developments in the Pacific Northwest could not have missed the collision between wind power generators and the Bonneville Power Administration (BPA). While the parties continue fighting in courts, I decided to find an answer to the question: could the conflict have been predicted and maybe even prevented in […]
ZE PowerGroup Inc.® (ZE) is proud to announce it was able to meet its Calendar 2010 corporate objective of doubling its client base for the ZEMATM Suite. ZEMA is ZE’s flagship software for Enterprise Data Management. The new ZEMA users came from a diverse range of organizations including utilities, oil and gas companies, commodity traders, […]