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The way you do energy modeling is about to be transformed. We’re excited to share that our electricity price forecasting model, EnCompass Cloud, is officially released.
EnCompass Cloud is the key to faster, more accurate energy modeling. It's a cloud-based power grid model software designed to help you produce market price forecasts, analyze generation and transmission development, and make informed decisions on the transitioning power grid. This is the software of choice for making optimal power supply decisions, from short-term scheduling to long-term capital investments.
By moving to the cloud, you’ll eliminate the costly IT overhead and complexity that holds you back. This allows you to focus on what truly matters: executing reliable, data-driven energy modeling.
This launch marks an important milestone for our product team, after months of close collaboration with our beta clients and rigorous internal testing.
Ready to see all that this modeling tool can do for you?
Explore some of the benefits of EnCompass Cloud for power grid modeling and electricity price forecasting.
1. Reduce IT Overhead and Lower Your Total Cost of Ownership
With an extensive support team, unparalleled data quality, and intensive security, Yes Energy now internally manages all backups, hardware, patching, and infrastructure maintenance. This means you can avoid capital expenditures and reduce your ongoing support burden.
2. Increase Scalability and Reliability
You can now more quickly scale our solution to your organization – EnCompass Cloud automatically adjusts its capacity based on your user demand.
Also, EnCompass Cloud supports automatic software updates, improved uptime, disaster recovery, and data encryption.
You can even track simulations by project for transparent cost visibility.
3. Boost Your Security and Compliance
Our robust security standards, aligned with the SOC 2 framework, are difficult and costly to replicate on premise.
In addition, we develop our software using OWASP Best Practices.
4. Enjoy Faster Deployment and Upgrades
We now roll out features and patches automatically, reducing your risk and downtime. We also take care of updating and maintaining all new datasets.
5. Increase Performance and Runtimes
While the gains vary based on your use case, EnCompass Cloud has proven to be the leader in terms of lowest runtime. A recent internal comparison showed a significant reduction in runtime – between 65% and 86% – compared to on-premise hardware for production costing market runs. This superior performance is a direct result of our solution’s ability to leverage autoscaling serverless compute.
Conclusion
Whether using EnCompass to model energy storage or to create a long-term energy price forecast, this solution is your key to faster, more accurate energy modeling.
It helps you produce market price forecasts, analyze generation and transmission development, and make informed decisions in the transitioning power grid. It’s the software of choice for making optimal power supply decisions from short-term scheduling and trading to long-term capital investment.
Want to see our power system modeling software in action?
About the author: Greg Toothaker is a product leader with over 20 years of experience focused on product development, management, and strategy for decision support software and data in the energy industry. He's currently the Director of Product Strategy for EnCompass at Yes Energy, where he guides the product vision and strategy. When he's not working on the future of energy modeling, he enjoys spending time with family and friends exploring the outdoors and advancing his knowledge of all things fermented.
