Innovyze Unveils BalanceNet for IWLive, Next Generation of Real-Time Energy Management and Sustainability Software for Smarter Water Utilities
New Release Raises Bar for Energy and Water Quality Management Software,
Broomfield, Colorado USA, October 16, 2012 — Innovyze, a leading global innovator of wet infrastructure modeling and simulation software and technologies, today announced the Beta release of BalanceNet. This new state-of-the-art real-time energy management and sustainability solution for drinking water distribution systems will change the way water utility operators around the world make informed decisions on managing their water supply and distribution systems to maximize energy savings, lower carbon emissions, enhance water quality, and optimize system performance.
Energy costs generally constitute the largest expenditure for nearly all water utilities worldwide, consuming as much as 65 percent of a water utility’s annual operating budget. BalanceNet is designed expressly to assist water distribution system operators and train new operators in managing their energy consumption more effectively by equipping control rooms with the unprecedented real-time ability to develop sound, cost-effective pump scheduling policies that reduce operational and chemical costs and enable more reliable operations.
Designed for online applications with existing SCADA systems, BalanceNet reads real-time field data, instantly updates the network model and determines the pump and treatment plant operation schedules that will yield the lowest operating cost while satisfying the system’s hydraulic and water quality requirements. It uniquely combines an optimized mass balance model with an advanced network solver to quickly produce a set of near-optimal solutions for improving system operations. The network solver automatically defines the mass balance model, accounting for changes in demand, controls and other factors in each time step. The mass balance model is then optimized using Genetic Algorithms. Both energy consumption ($/kW.h) and demand charges ($/max kW) are explicitly considered, and JET, Oracle, SQL and Pi databases are fully supported. These advantages represent fundamental advances in how readily water utilities operators can evaluate the operational efficiency of their water networks, then quickly and confidently develop improved system operations and more reliable performance.
“BalanceNet is an invaluable new water distribution planning and operations tool,” said Paul F. Boulos, Ph.D., BCEEM, Hon.D.WRE, Dist.D.NE, F.ASCE, President and Chief Operating Officer of Innovyze. “It will greatly aid water utilities in improving the efficiency of their distribution systems and ensuring more reliable operations at maximum cost savings. Since day one, our mission has been to bring powerful product development capabilities to the smart water network modeling community and foster its expansion. This new software is a significant leap — one that greatly enhances their ability to produce the best possible pumping schedules with minimum effort, reduced labor requirements and significant cost savings. BalanceNet exemplifies our ongoing commitment to delivering superior value to our customers who manage, operate and sustain safe, reliable drinking water distribution systems. Innovyze is very proud to offer this revolutionary new power tool to our clients.”