Digital Energy Journal- AspenTech's new software to advance client sustainability and efficiency

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AspenTech's new software to advance client sustainability and efficiency

Tuesday, November 15, 2022

Latest version of aspenONE® helps customers achieve new levels of efficiencies while accelerating progress toward Net Zero goals

15th November 2022 - Reading, UK - Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced the availability of its latest aspenONE® software release, V14. The new release delivers advanced intelligence and guidance capabilities that improve decision-making abilities and further boost operational excellence. In addition, V14 enables customers to accelerate sustainability projects with more than 100 sample models and to manage Scope 1 and 2 emissions for reducing carbon footprints.

'It's a critical time for companies to optimise efficiency and sustainability across their operations,' said David Arbeitel, Senior Vice President of Products at AspenTech. 'Our customers are uniquely positioned to support the dual challenge of meeting the increasing demand from a growing population in a more sustainable way. The new capabilities in V14 will help customers streamline progress toward sustainability goals and operational excellence for stronger business outcomes.'
Accelerate Progress Toward Net Zero Goals

aspenONE V14 includes more than 100 sustainability sample models to jumpstart progress in the areas of emissions management, hydrogen economy, carbon capture, materials circularity, bio-based feedstocks and renewable energy. V14 automates CO2 emissions data collection from multiple sources for decarbonisation compliance/reporting and enables customers to model these emissions in operations to achieve sustainability targets.
Achieve New Levels of Operational Excellence

A key value delivered by the V14 release is enhanced operational decision-making. With two new offerings - Aspen Virtual Advisor (AVA) for DMC3 and Aspen Unified Reconciliation and Accounting (AURA) - plus new capabilities and multiple enhanced integrations between existing solutions, the new release provides actionable guidance/real-time augmented intelligence and prioritises anomaly and failure alerts based on severity and operational risk. In addition, V14 minimises material losses with fast, efficient mass and volume balance and evaluates planned downtime options to enable better decisions that minimise impact on production and order commitments.

Industry Analyst Perspective
"AspenTech's new release of V14 shows a commitment to innovation with new software to accelerate customers' sustainability programs,' said Peter Reynolds, Principal Analyst, ARC Advisory Group. 'With progress to further unify planning, scheduling, production accounting and maintenance functions, users can break down silos and extract more value from software. AspenTech is demonstrating industry leadership by adding unique AI capabilities with the application of cognitive analytics to address age-old issues with knowledge transfer and operator acceptance of systems like Advanced Process Control."

Associated Companies
» AspenTech

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