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Energy · head to head

Novity vs Quorum CTRM

Novity logo

Novity

Energy

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

From
On request
Rated
-
Full reviewWebsite
Quorum CTRM logo

Quorum CTRM

Energy

Commodity trading and risk management for energy

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.; Quorum CTRM no price, licensing model, deployment option cost or contract term is published; there is no pricing page linked from the site
  • They diverge on capability: Novity covers TruPrognostics engine, Quorum CTRM covers Deal capture.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Novity and Quorum CTRM actually diverge.

Attributes where Novity and Quorum CTRM differ
AttributeNovityQuorum CTRM
Pricing modelquotesubscription
PlatformsWeb, CloudWeb, Desktop, Api
FoundedUnknown1998

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 Quorum CTRM

  • Deal capture
  • Position management
  • Risk analytics
  • Credit management
  • Settlement
  • Regulatory compliance
  • Market data
  • Reporting

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 Quorum CTRM
  • An LNG terminal with critical compressors and no run-to-failure history to train a conventional modelnot Quorum CTRM
  • A wastewater operator whose existing vibration alarms are ignored because they carry no severity or horizonnot Quorum CTRM
  • A generator operator supplying data centre load where an unplanned trip carries contractual penaltiesnot Quorum CTRM

Quorum CTRM

  • Upstream oil and gas production accounting and well operationsnot Novity
  • Midstream pipeline and LNG managementnot Novity
  • Energy trading and risk management across the value chainnot 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.

Quorum CTRM

  • No price, licensing model, deployment option cost or contract term is published; there is no pricing page linked from the site
  • The only routes to a figure are a demo request form and a sales contact form

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

Quorum CTRM

On request
  • Trading$undefined/custom
    • Deal capture
    • Position management
    • P&L reporting
  • Risk Management$undefined/custom
    • VaR calculations
    • Stress testing
    • Credit risk
  • Enterprise$undefined/custom
    • Full ETRM suite
    • Multi-commodity
    • Global deployment

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 Quorum CTRM if

  • You need deal capture.
  • You work on Web, Desktop, Api.
  • You also want position management.
Quorum CTRM review

Questions people ask

Is Novity or Quorum CTRM better?
Neither clearly leads. Novity starts at On request and Quorum CTRM at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Novity or Quorum CTRM?
Novity starts at On request and Quorum CTRM at On request.
Does Novity or Quorum CTRM run on more platforms?
Novity runs on Web, Cloud. Quorum CTRM runs on Web, Desktop, 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 Quorum CTRM is typically brought in for.
What can Novity do that Quorum CTRM cannot?
Novity covers TruPrognostics engine, Cold-start modelling, Fault mode diagnosis, Remaining useful life. Quorum CTRM covers Deal capture, Position management, Risk analytics, Credit management.

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.

Quorum CTRM: How much does Quorum CTRM cost?

Quorum CTRM does not publish pricing on its website. Customers must request a demo or contact the sales team to receive customized pricing quotes based on their specific needs and usage.

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.

Quorum CTRM: Does Quorum offer pricing information online?

No, Quorum Software does not display pricing tiers or cost information on their public website. Pricing is customized and obtained through direct consultation with the sales team.

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.

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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