Paragon has a long history of working with the energy industry helping to solve complex planning, operational and financial issues. The energy industry can be highly volatile, yet investment and operational planning decisions have to be made for the long term.
For example, the very long term and capital intensive nature of the nuclear industry means that the impact of wrong decisions will be felt for many years and at huge cost. Modelling has been used to plan fuel processing and re-processing capacity and processes many years ahead and to assess the impact of delays and bottlenecks. Quite simply the implications of not modelling are too serious to contemplate, which is why Paragon models have been used in this industry for nearly 10 years, saving many hundreds of millions of pounds for our clients in the process.
In recent years we have worked with the renewable energy industry, helping clients plan new facilities, derive the best operational plans, and justify and predict returns from new investments. Because many renewable energy projects use new technology or operating practices, there is often little experience to fall back on, but there is also an opportunity to plan from scratch. This creates both unique hazards and unique opportunities, and Paragon has developed models for clients linking their investment, financial and operational plans in innovative ways.
Models can also be used to predict and improve energy efficiency of various energy-intensive industries balanced again the costs - including those of regulation and taxes such as the climate change levy and carbon trading schemes - of improving energy efficiency. Taking these factors and the need to account for various scenarios makes future planning a hugely complex task. Paragon models can greatly simplify the process of considering, planning and risk assessing energy efficiency projects.
people say
"The model was subject to rigorous challenges and an external peer review … At least £100m has been saved as a result of this work"
Colin Gardiner, Head of SORG, Sellafield Limited
