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Copperleaf Technologies: Innovation in Asset Management with C55
Energy utilities are facing increasing expectations to deliver impeccable performance, despite aging infrastructure, and tightening financial & resource constraints. Copperleaf Technologies, headquartered in Vancouver BC, provides a unique solution to help utilities succeed in this challenging business environment. Copperleaf has developed a unique Asset Investment Planning & Management (AIPM) solution called C55. C55 provides investment decision support to help utilities decide where and when to invest in their infrastructure to maximize performance, minimize risk, and deliver the highest value to all their stakeholders.Founded in 1993, Copperleaf helps asset intensive industries make investment decisions with greater confidence. This means understanding the investment needs over the long term horizon (20+ years), and developing investment plans to keep risk in the infrastructure at acceptable levels, while maximizing performance and respecting cost and resource constraints. Spearheaded by their creative and passionate CEO, Judi Hess, Copperleaf provides utilities with world-class software solutions coupled with advanced methodologies developed over 20 years by helping energy utilities with Asset Investment Planning. “The Copperleaf C55 solution embodies our extensive experience helping utility companies improve their performance, manage their risk, and create plans to meet their targets. C55 is the leading AIPM solution for utilities, and is now actively managing more than $120 billion dollars in investments across our clients,” asserts Hess.
“There are three elements to a successful AIPM strategy; Predict, Optimize and Manage. Predict means being able to determine the long term needs of your assets, so that you can develop investment plans to minimize risk and reduce costly unplanned failures and outages. Optimize means being able to determine the optimal set of investments and the timing of those investments that deliver the greatest value to the organization and its customers. And finally, Manage means being able to track your actual performance against your plans and continuously adapt to the ever changing business environment.
Copperleaf’s C55 solution is the only solution that addresses all of these aspects of AIPM,” says Hess.
Copperleaf takes pride in its unique Value-based Decision Model that helps utilities assess the contribution of a wide variety of dissimilar investments so they can confidently compare and make trade-off decisions.
Utilities routinely manage hundreds, if not thousands, of investments. Determining the optimal solution for this number of investments while respecting multiple funding, resource and timing constraints cannot be accomplished manually or through the use of spreadsheets. Copperleaf’s C55 uses advanced Mixed Integer Liner Programming techniques (MILP) to determine the optimal solution for thousands of investments in minutes.
“Copperleaf is squarely focused on innovation, we hold an annual conference for customers to share best practices and provide ideas that drive the roadmap for the product. The latest version of C55 introduced program analytics capabilities that enable optimal investment levels to be determined for populations of assets, and sophisticated data visualizations that help clients easily derive business insights from large volumes of data. At Copperleaf we focus on providing our customers with exceptional value, and we strive to make working with Copperleaf an extraordinary experience” concludes Hess.
Copperleaf takes pride in its unique Value-based Decision Model that helps utilities assess the contribution of a wide variety of dissimilar investments so they can confidently compare and make trade-off decisions.
Utilities routinely manage hundreds, if not thousands, of investments. Determining the optimal solution for this number of investments while respecting multiple funding, resource and timing constraints cannot be accomplished manually or through the use of spreadsheets. Copperleaf’s C55 uses advanced Mixed Integer Liner Programming techniques (MILP) to determine the optimal solution for thousands of investments in minutes.
There are three elements to a successful AIPM strategy; Predict, Optimize and Manage. Copperleaf’s C55 solution is the only solution that addresses all of these aspects of AIPM
“Copperleaf is squarely focused on innovation, we hold an annual conference for customers to share best practices and provide ideas that drive the roadmap for the product. The latest version of C55 introduced program analytics capabilities that enable optimal investment levels to be determined for populations of assets, and sophisticated data visualizations that help clients easily derive business insights from large volumes of data. At Copperleaf we focus on providing our customers with exceptional value, and we strive to make working with Copperleaf an extraordinary experience” concludes Hess.
