CopperLeaf’s ESP chosen to drive AIP in a nuclear environment
Vancouver, BC, January 31, 2008 CopperLeaf Technologies Inc., a leading provider of Asset Investment Planning (AIP) solutions, has been selected by Duke Energy to put in place best-in-class business processes and tools to ensure the long-term viability of their nuclear generation assets. Integrating core fleet processes (e.g. long-range planning, work management, corrective actions, and equipment reliability) will allow the management team to make better business decisions, improve system reliability, and deliver better financial results.
Vancouver-based CopperLeaf Technologies was chosen as the project partner after an extensive review process, based on the company’s powerful combination of business acumen and highly sophisticated yet configurable ESP software solution. ESP, the company’s flagship software solution, enables asset-intensive organizations like Duke Energy to determine the optimum balance between cost, risk, and performance over the life of the asset.
ESP is an asset investment planning solution that drives an asset-centric approach to planning and budgeting for asset-intensive organizations. It connects disjointed processes through a single tool designed to support investment decision analytics in asset intensive organizations. ESP is a multi- year, multi-user, web-based solution that allows comprehensive plans to be created and analyzed while avoiding the problems inherent with managing organization-wide spreadsheets models for planning. Advanced modelling and decision support analytics allow users to leverage information about their assets, the market, financial constraints, and business objectives to drive asset performance.
Traditional approaches to capital planning are no longer effective in asset-intensive organizations dealing with the challenges of aging infrastructure and funding constraints while supporting environmental and social responsibility, says CopperLeaf CEO Lynn Casey. Using ESP, Duke Energy will be able to focus on the most important part of their business: the value of their considerable assets and how their investment choices support asset value.?
The challenges for asset rich companies include the need for new approaches to sustain and enhance performance, says Casey. ESP supports this requirement by creating a long-term focused business process and infrastructure that can help drive partners like Duke Energy to the next level of performance. The ESP solution helps to effectively balance life-cycle cost, risk, and performance of a company’s asset base.
About CopperLeaf Technologies
CopperLeaf Technologies Inc. provides leading Asset Investment Planning (AIP) solutions that enable asset intensive organizations to maximize the life cycle value of their assets. CopperLeaf provides thought leadership and the enabling technologies to improve the long-term performance of energy companies, utilities, transportation, government, and other asset intensive organizations. Its solutions are built on a base of extensive experience in strategy and business process consulting to asset-based organizations. CopperLeaf brings together the skills of management consultants and technology professionals who have assisted clients worldwide to implement best practices in finance, planning, engineering, asset management, and rate design. For more information, please visit www.copperleaf.com.
CopperLeaf Technologies Inc.
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