Digital Energy Journal- Aspen Technology introduces new emissions management solution

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Aspen Technology introduces new emissions management solution

Tuesday, March 7, 2023

Advances carbon emission reduction efforts with comprehensive decision support capability

Reading, UK. - 7th March 2023 - Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced a new emissions management solution that gives asset-intensive organisations the ability to pinpoint and act on key operational areas with the biggest impact on their emissions reduction efforts. The new solution features AspenTech Operational Insights, a proven decision support capability that unites, correlates, analyses and visualises data from across an organisation for fast, confident decision-making on those critical areas affecting emissions.

AspenTech's new emissions management solution consolidates customer data and leverages operational technology (OT) applications in the plant, the enterprise and the entire value chain into a single, dynamic visual interface. As a result, customers can make decisions with the benefit of a 'single pane of glass' view for carbon emissions, margin and abatement. In addition, the real-time nature of the solution eliminates the wait to review time-sensitive data.

'AspenTech's emissions management solution addresses the need customers are focused on - the ability to better understand their carbon emissions exposure and to make that actionable for carbon abatement,' said Peter Reynolds, Senior Industry Analyst at ARC Advisory Group. 'This decision support capability along with AspenTech's digital twin and planning solutions hits the mark for customers using digital solutions to progress sustainability goals.'

'Customers need more than greenhouse gas emissions reporting. They need a solution that can steer their actions to meet and exceed carbon mitigation targets,' said Rasha Hasaneen, Chief Products and Sustainability Officer at AspenTech. 'AspenTech's existing solutions are uniquely capable of providing the breadth and depth of information required by executives and operators, and AspenTech Operational Insights gives them an additive solution to strategically help them achieve their net zero targets.'

AspenTech Operational Insights, originally developed for electrical utilities by the company's OSI business and adapted for use in the energy and chemical industries, provides customers with:

• Configurable and consistent interfaces and displays across video walls, consoles and mobile devices
• Consistent KPIs, logical maps and advanced geographical displays
• Visibility across the value chain

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