With the acquisition of Pioneer Solutions LLC by Hitachi ABB Power Grids, first announced in September of last year, Pioneer’s Financial and Regulatory Risk Management (FARRMS) technology platform has joined Hitachi’s broad Energy Portfolio Management software solution set that covers planning, forecasting, trading, portfolio optimization and market operations across the global power markets. We recently caught up with Bryan Friehauf, Sr. VP of Enterprise Software Solutions for Hitachi ABB Power Grids and Uday Baral, Pioneer’s founder and former president, and now Head of Global Energy Portfolio Management at Hitachi ABB Power Grids to get their insights on the acquisition. In that conversation, they also discussed their plans going forward to create a more integrated power and commodity solution set that addresses energy market operational and commercial needs from generation through settlements and operations. When asked what drew Hitachi to Pioneer, Mr. Friehauf indicated that he had known of and had worked with Pioneer in a previous role prior to joining Hitachi ABB Power Grids and was impressed not only with their capabilities, but also their technology platform, people and culture. “While the Energy Portfolio Management products, which include Velocity Suite, nMarket, Portfolio Optimization, and MMS among others, were proven solutions… continue reading
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