DNV GL Acquires GreenPowerMonitor

DNV GL has acquired GreenPowerMonitor, a provider of solar monitoring, control and asset management systems.

GreenPowerMonitor, established in 2008, employs 56 solar software experts who serve over 200 customers globally. With this acquisition GreenPowerMonitor will get access to DNV GL’s larger global network.

With 150 solar experts, DNV GL and GreenPowerMonitor will become one of the largest independent solar service providers that support the industry including monitoring and control of 5 GW of solar generation globally.

The monitoring systems of GreenPowerMonitor will 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,” said Remi Eriksen, Group President and CEO of DNV GL.

“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,” said Juan Carlos Arévalo, CEO of GreenPowerMonitor.

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.