DNV GL bought GreenPowerMonitor, a provider of solar monitoring, control and asset management systems. GreenPowerMonitor, established in 2008 and headquartered in Barcelona, Spain, employs 56 solar software experts who serve over 200 customers globally.
Through the acquisition GreenPowerMonitor will gain access to DNV GL's larger global network. Its monitoring systems help developers, owners and asset managers of large-scale solar power plants to optimize the performance of their plants.
"The combination of DNV GL and GreenPowerMonitor is an excellent strategic fit and will enable us to serve our joint customer base with even better services. In particular, it brings together world leading domain knowledge, technical expertise as well as digital delivery platforms and data-driven services. I am sure this, together with our trusted independent position, will enable us to help the solar industry to advance even further," says Remi Eriksen, Group President and CEO of DNV GL.
"Global installed PV capacity is expected to triple over the next five years and by 2025 it should be the most economical form of electricity in many regions of the world. By joining forces with GreenPowerMonitor, we will be able to better support the industry in its growth ambitions," says Ditlev Engel, CEO DNV GL - Energy. "With 150 solar experts, DNV GL and GreenPowerMonitor together become one of the largest independent solar service providers that support the industry including monitoring and control of 5 GW of solar generation globally. Our joint expertise from more than 5,500 projects in solar due diligence, testing, monitoring and asset management will help identify and mitigate risks, provide investor confidence and push the industry to the next level. Customers will be able to see and learn more about our new joint offerings at our booth at the Intersolar North America exhibition on the 12th of July."
Juan Carlos Arévalo, CEO of GreenPowerMonitor, says: "This is an important milestone and true recognition of our capabilities as a provider of scalable monitoring and control system software for the solar industry. This transaction will strengthen our global delivery capabilities and continued technological development, benefitting customers and industry partners, as well as creating interesting opportunities for our employees. Our full team in Barcelona, Spain and San Jose, California in the USA will continue to serve our customers even better going forward."