Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in industrial software, has announced a strategic collaboration with Landsvirkjun, Iceland’s largest power producer. This partnership will see the implementation of AspenTech’s OSI Digital Grid Management software, enhancing the utility’s ability to optimize power generation across its 18 plants in Iceland, ensuring secure and efficient management.
Landsvirkjun, Iceland’s National Power Company, is a leader in renewable energy, generating about 70% of the nation’s electricity through hydroelectric, geothermal, and wind sources. As Iceland’s electricity sector is heavily reliant on renewable energy, Landsvirkjun is crucial in maintaining the country’s power supply.
Gunnar Guðni Tómasson, EVP of Hydropower at Landsvirkjun, stated, “This partnership with AspenTech will help us optimize power generation to meet demand and support faster, more accurate decision-making with enhanced data analysis.”
Sally Jacquemin, VP and General Manager of Power and Utilities at AspenTech, added, “This collaboration highlights the importance of integrating large-scale renewables and showcases our software’s flexibility to meet the unique needs of our partners worldwide.”
The deployment of AspenTech’s OSI Digital Grid Management software, which includes SCADA, Generation Management, and Historian capabilities, will boost operational efficiency and resilience. The system will enable enhanced production costing, economic dispatch, real-time control, and advanced reporting, helping Landsvirkjun strengthen Iceland’s energy infrastructure.
Aspen Technology is dedicated to providing digital solutions that improve operational performance and sustainability in asset-intensive industries.
