|By Business Wire||
|March 14, 2014 06:54 AM EDT||
Pricelock, the most innovative platform for energy professionals to transact, network, recruit and search for jobs, announced that it had successfully completed an auction for over 150 BCF of baseload natural gas with a notional value in excess of $677 million. Ten suppliers, including some of the largest producers, investment banks and marketing companies, participated in the auction. The entire auction process took less than two hours.
“Large numbers lead to more competition and higher savings,” said Naveen Agarwal, Chief Executive Officer of Pricelock. “We are quickly becoming the de facto purchasing standard for energy companies and the entire industry is watching. We are very thankful to the buyers and suppliers who have embraced our solution and have already transacted billions of dollars of energy across a range of products including liquid fuels, coal, power and railcars. Our goal is to create liquidity, transparency, and competition for all energy products.”
Pricelock’s auction platform supports forward and reverse auctions of energy and energy services of all types including natural gas, power, coal, liquid fuels, transportation, capacity and storage. Pricelock’s supplier list contains almost 400 suppliers ranging from the largest producers to smaller specialized firms. In addition to creating an efficient, competitive market for physical energy products, Pricelock is able to greatly increase the efficiency of the buying process.
Pricelock allows energy professionals to transact energy products online, connect with other professionals based on their interest in buying and selling specific types of energy, and to recruit talent and find jobs. The platform supports transactions for all energy products and services including motor and jet fuels, physical natural gas, storage and capacity, power generation and capacity, railcar leases and coal. The largest utilities, power cooperatives, power generators, investment banks, refiners, producers, marketers, transportation, industrial and commercial firms participate on the platform. Pricelock’s mission is to provide liquidity for energy products not traded on an exchange.
Pricelock is headquartered in Silicon Valley and the recipient of several awards including Forbes list of America’s Most Promising Companies, Global Energy Award of Excellence by Platts and TiE50 Top Start-Up. Pricelock’s investors include Goldman Sachs, Barclays, Traveler’s Insurance, RenaissanceRe and Artiman Ventures. To learn more about Pricelock please visit www.pricelock.com.
SYS-CON Events announced today that Alert Logic, the leading provider of Security-as-a-Service solutions for the cloud, has been named “Bronze Sponsor” of SYS-CON's 17th International Cloud Expo® and DevOps Summit 2015 Silicon Valley, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Alert Logic provides Security-as-a-Service for on-premises, cloud, and hybrid IT infrastructures, delivering deep security insight and continuous protection for cust...
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The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than
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SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US a...
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Jul. 5, 2015 06:00 PM EDT Reads: 1,547
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Jul. 5, 2015 05:15 PM EDT Reads: 1,440
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
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DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
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The cloud has transformed how we think about software quality. Instead of preventing failures, we must focus on automatic recovery from failure. In other words, resilience trumps traditional quality measures. Continuous delivery models further squeeze traditional notions of quality. Remember the venerable project management Iron Triangle? Among time, scope, and cost, you can only fix two or quality will suffer. Only in today's DevOps world, continuous testing, integration, and deployment upend...
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Jul. 5, 2015 03:00 PM EDT Reads: 2,869