XENDEE Releases New Generative Algorithm to Enable Multi-Year Microgrid Optimization with Industry Leading Accuracy and 12,000% Runtime Reduction
Summary
SAN DIEGO--(BUSINESS WIRE)--XENDEE Corporation has developed and implemented a new patent pending algorithm capable of reducing the runtime required for multi-year techno-economic optimization of a Microgrid by 12,000% versus existing solutions. Additionally, this adaptive solution reduces runtimes to such an extent, that engineers and even sales professionals are able to run cloud based optimizations and feasibility studies on-site, enabling an entirely new set of business opportunities and rapid client acquisition. Additionally, the XENDEE platform can make intelligent decisions during each year, such as recommending against a certain technology or suggesting that investment be broken up over the project horizon to take advantage of new policies or developments. This is incredibly important, since reinvestment and degradation can change project financials such as NPV and IRR significantly,” said Zack Pecenak, Ph.D., Lead Engineer at XENDEE. The platform enables a broad audience, from business decision makers to scientists, with the objective of supporting investments in Microgrids and DER projects as well as maintaining electric power reliability when integrating sources of renewable generation.