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Energy · head to head

Novity vs P2 Energy Solutions

Novity logo

Novity

Energy

Hybrid physics and machine learning prognostics that estimate remaining useful life for process equipment

From
On request
Rated
-
Full reviewWebsite
P2 Energy Solutions logo

P2 Energy Solutions

Energy

Upstream oil and gas software solutions

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Novity novity is a small venture-backed company with a strategic investor rather than a profitable business, so continuity risk is real and the Tokyo Gas investment signals a likely eventual acquisition that would reset the roadmap.; P2 Energy Solutions now sold as part of IFS rather than as an independent vendor; p2energysolutions.com redirects into the IFS site
  • They diverge on capability: Novity covers TruPrognostics engine, P2 Energy Solutions covers Land management.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Novity and P2 Energy Solutions actually diverge.

Attributes where Novity and P2 Energy Solutions differ
AttributeNovityP2 Energy Solutions
Pricing modelquotesubscription
PlatformsWeb, CloudWeb, Mobile, Api
FoundedUnknown2010

Identical on both: starting price (On request), free tier (No), user rating (Not yet rated), category (Energy).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Novity

  • TruPrognostics engine
  • Cold-start modelling
  • Fault mode diagnosis
  • Remaining useful life
  • Existing sensor reuse
  • Recommended actions
  • Historian connectors
  • Asset class libraries

Only in P2 Energy Solutions

  • Land management
  • Production operations
  • Revenue distribution
  • Regulatory compliance
  • AFE management
  • Joint interest billing
  • Document management
  • Analytics

What people use each for

The jobs each tool is most often brought in to do.

Novity

  • A gas processing plant that needs a defensible time-to-failure number before deferring a turnaroundnot P2 Energy Solutions
  • An LNG terminal with critical compressors and no run-to-failure history to train a conventional modelnot P2 Energy Solutions
  • A wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizonnot P2 Energy Solutions
  • A generator operator supplying data centre load where an unplanned trip carries contractual penaltiesnot P2 Energy Solutions

P2 Energy Solutions

  • Upstream oil and gas production data managementnot Novity
  • Oil and gas accountingnot Novity
  • Land and lease managementnot Novity
  • Geospatial information for upstream assetsnot Novity

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Novity

  • Novity is a small venture-backed company with a strategic investor rather than a profitable business, so continuity risk is real and the Tokyo Gas investment signals a likely eventual acquisition that would reset the roadmap.
  • Physics-based models must be configured per equipment class, so each new asset type is an engineering engagement rather than a configuration screen, and rollout speed is limited by Novitys own capacity.
  • Prognostics depend on the quality and sampling rate of your historian data; plants recording ten-minute averages will not get useful remaining-useful-life estimates without new instrumentation.
  • Nothing about pricing is published and there is no self-service entry point, so evaluation always starts with a sales-led pilot on a handful of assets.
  • The deployment footprint is concentrated in oil and gas, LNG and water, so reference customers and pre-built asset models outside those industries are limited.

P2 Energy Solutions

  • Now sold as part of IFS rather than as an independent vendor; p2energysolutions.com redirects into the IFS site
  • Pricing is not published
  • Scoped to upstream oil and gas rather than energy generally

Pricing, plan by plan

Novity

On request
  • TruPrognostics$undefined/year
    • Quoted per asset class and monitored equipment count
    • Model configuration and commissioning quoted as a project
    • Typically an annual subscription tied to a pilot then a rollout

P2 Energy Solutions

On request
  • Land$undefined/custom
    • Lease management
    • Title research
    • Document management
  • Production$undefined/custom
    • Production tracking
    • Field operations
    • SCADA integration
  • Enterprise$undefined/custom
    • Complete upstream suite
    • Revenue distribution
    • Joint interest billing

Which should you pick?

Choose Novity if

  • You need truprognostics engine.
  • You work on Web, Cloud.
  • You also want cold-start modelling.
Novity review

Choose P2 Energy Solutions if

  • You need land management.
  • You work on Web, Mobile, Api.
  • You also want production operations.
P2 Energy Solutions review

Questions people ask

Is Novity or P2 Energy Solutions better?
Neither clearly leads. Novity starts at On request and P2 Energy Solutions at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Novity or P2 Energy Solutions?
Novity starts at On request and P2 Energy Solutions at On request.
Does Novity or P2 Energy Solutions run on more platforms?
Novity runs on Web, Cloud. P2 Energy Solutions runs on Web, Mobile, Api.
What is Novity best used for?
Novity is most often used for a gas processing plant that needs a defensible time-to-failure number before deferring a turnaround, an lng terminal with critical compressors and no run-to-failure history to train a conventional model, a wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizon, a generator operator supplying data centre load where an unplanned trip carries contractual penalties. Of those, a gas processing plant that needs a defensible time-to-failure number before deferring a turnaround and an lng terminal with critical compressors and no run-to-failure history to train a conventional model are not what P2 Energy Solutions is typically brought in for.
What can Novity do that P2 Energy Solutions cannot?
Novity covers TruPrognostics engine, Cold-start modelling, Fault mode diagnosis, Remaining useful life. P2 Energy Solutions covers Land management, Production operations, Revenue distribution, Regulatory compliance.

Answered from the vendors’ own pages

Novity: What does Novity actually output?

A named failure mode and an estimated remaining useful life with a confidence band, not just an anomaly alert.

P2 Energy Solutions: How do I find out pricing for P2 Energy Solutions?

Pricing is not published on the product page. The vendor requires customers to either book a demo or contact a sales representative directly to discuss licensing and costs.

Source
Novity: Do we need failure history to train it?

No. The physics component is what lets it produce useful prognostics on equipment with little or no run-to-failure data.

P2 Energy Solutions: Is there a trial available for P2 Energy Solutions?

No trial information is provided on the product page. Access to the software appears to require direct contact with IFS sales.

Source
Novity: Do we need new sensors?

Often not. It reads from your existing historian, but low sampling rates or missing measurements can require additional instrumentation.

P2 Energy Solutions: What support options does P2 offer?

The page mentions IFS Success consulting services and business process outsourcing options, but specific support tiers and their costs are not detailed without contacting sales.

Source
Novity: Who backs the company?

It was spun out of Xerox PARC and took a strategic investment from Acario Innovation, the venture arm of Tokyo Gas, in 2026.

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