GE Grid Solutions helps MISO unlock billions in cost savings through AIMMS-based Optimization

Improved power plant reliability 

$2.2 billion in annual benefits in 2014

$6.1 to $8.1 billion of value expected 

Maximizing efficiency

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"By leveraging operations research, MISO and its stakeholders added significant value to the region through improved reliability and increased efficiencies of the region’s power plants and transmission assets.” — John Bear, President and CEO at MISO.

 

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An award-winning solution

MISO serves the electrical energy needs of more than 40 million end users. To reliably serve customers, MISO created markets to maximize the efficient use of the region’s existing generation and transmission. From a technological perspective, no energy market system had ever been built to dispatch the number of power plants and miles of transmission the size and scale of MISO’s region. The energy markets project team chose GE Grid Solutions and AIMMS to develop this system. Each day, MISO’s energy markets accept or reject offers and bids based on AIMMS-based optimization algorithms. The solution earned the team the 2011 Franz Edelman Award.

 

About GE Grid Solutions

Grid Solutions, a General Electric and Alstom joint venture, is serving customers globally with over 20,000 employees in approximately 80 countries. Grid Solutions helps enable utilities and industry to effectively manage electricity from the point of generation to the point of consumption, helping to maximize the reliability, efficiency and resiliency of the grid.

 

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