Norway’s DNV has acquired Australia-based photo voltaic knowledge specialist Solcast for an undisclosed sum.
from Australia’s pv journal
DNV, a Norway-based power consultancy and ship classification society, has acquired Australian photo voltaic forecasting specialist Solcast. The Sydney-based firm mentioned the deal would enable it to broaden its digital and data-driven companies.
Solcast makes use of international climate satellite tv for pc imagery, machine studying, and historic and reside photo voltaic irradiance knowledge to supply greater than 600 million new forecasts each hour, whereas offering real-time entry by means of an utility programming interface ( API). Its forecasting system and knowledge set are utilized by solar energy producers, utilities, and grid operators to find out their photo voltaic useful resource availability at any given time.
Solcast Chief Government Officer James Luffman mentioned the corporate’s acquisition of DNV will enable it to enhance its forecasting fashions and unlock extra worth for its clients.
“DNV is investing in Solcast and offering experience and different assets,” he mentioned. “The result’s a big enchancment in our effectiveness and impression. This partnership will convey the world’s main photo voltaic irradiance and forecasting API to a bigger international viewers, whereas sustaining the identical degree of service anticipated by our clients.
Remi Eriksen, DNV group president and chief govt officer, mentioned that digital merchandise akin to these offered by Solcast are the important thing to unlocking the potential of photo voltaic.
“Photo voltaic forecasting will allow the renewable power market to develop and speed up the worldwide transition to a clear power future,” he mentioned.
DNV’s Vitality Transition Outlook (ETO) predicts that by 2050 international electrical energy manufacturing will double and 30% of all electrical energy will likely be offered by photo voltaic.
“Our ETO predicts photo voltaic PV and wind would be the least expensive type of electrical energy in most places and by 2050 they’ll develop 20 instances and 10 instances,” mentioned Eriksen. “Digitalization is a key issue within the power trade and a key part in scaling photo voltaic to the degrees wanted for a greener power future.”
The acquisition is efficient instantly, though Solcast, which has workplaces in Sydney, Asia, Europe and America, will proceed to function underneath its present identify. The corporate’s present administration and employees will stay in Australia and no rapid adjustments are deliberate for purchasers and companions.
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