Aspen Technology has introduced the AspenTech Microgrid Management System (MMS), a solution for heavy electrical power requirements in industries like refining, chemicals, and mining.

The system, based on the AspenTech OSI monarch SCADA platform, enables customers to maximize operational performance and accelerate net-zero goals.

The MMS is crucial for high-energy consumers as the power grid faces increasing energy demand, aging infrastructure, severe weather events, and cybersecurity threats. This puts consumers at risk of extended power outages, power consumption limitations, and inability to meet renewable energy goals.

AspenTech MMS helps industrial customers address these challenges by providing enhanced power reliability, real-time management of power generation resources, improved situational awareness, and enhanced cybersecurity.

The solution also features a robust Industrial AI approach capable of forecasting power consumption and renewable generation up to 35 days in the future, enabling scheduling and optimization algorithms to maximize generation resources while minimizing emissions and electricity costs.

"AspenTech’s new microgrid solution reduces energy vulnerability and business risk by bringing innovation to asset-intensive industries based on decades of electric utility control and automation experience gained at more than 400 global utilities," said Sally Jacquemin, Vice President of Power and Utilities at AspenTech. "AspenTech Microgrid Management System brings functionality and flexibility to the power challenge, helping heavy energy users achieve both operational and net-zero objectives."

Additional standard features include real-time control, trending, alarming, reporting, optimization of renewables and traditional electricity generation and battery storage, forecasting and scheduling capabilities, and a robust user interface with responsive data historian and reporting capabilities.