Aspen Technology switches on to EY services to aid clients

abstract image of energy | EY and Aspen Technology

EY US has entered into an alliance with Aspen Technology to help clients in industrial and energy markets meet the demand for resources while achieving sustainability targets across industries, including power and utilities, oil and gas, chemicals and advanced materials, industrial products and mining and metals.

This alliance combines EY’s technology and services with Aspen Technology’s solutions for optimizing supply chains, improving asset lifecycles and tax capabilities, managing emissions reduction and energy efficiency and supporting utility grid orchestration.

With this suite of capabilities, organizations can effectively navigate the energy transition and embrace the rise of renewable energy while increasing operational profitability, modernizing grid management and reducing their carbon footprint.

Sam Johnson, vice chair, markets and accounts of EY Americas, said: “The EY-AspenTech Alliance provides new and complementary capabilities to support businesses in meeting their value-led sustainability goals with the power of digitization. This collaboration with Aspen Technology will help organizations drive improved production performance, energy efficiency and emissions management across industries.”

Antonio Pietri, CEO of Aspen Technology, said: “To help customers most effectively navigate the energy transition and the challenges of ensuring energy security, Aspen Technology is building an extensive ecosystem to help scale critical innovations in areas such as digital grid management. We’re excited to work with EY US to help these asset-intensive industries accelerate adoption of digital solutions to achieve their sustainability, profitability and resilience goals.”

This announcement follows the news of EY US entering into a strategic alliance with BlueVoyant, a cyber defense company, to provide a proven cyber risk management design.

The EY-BlueVoyant alliance will allow joint clients to build, operate and improve services around Microsoft 365 E5 advanced security tools.

Additionally, the company announced that Fidelity Digital Assets, a subsidiary of Fidelity Investments, has become the first enterprise to adopt EY’s fourth generation of EY Blockchain Analyzer: Reconciler.