DNV EXPANDS SOLAR FORECASTING EXPERTISE WITH THE ACQUISITION OF SOLAR DATA SPECIALIST SOLCAST

DNV’s Vitality Transition Outlook (ETO) predicts that by 2050 electrical energy manufacturing will double and 30% of all electrical energy will come from photo voltaic PV, therefore the quickly rising demand within the power marketplace for dependable knowledge analytics and dependable monitoring programs. .

Oslo, Norway, 2 February 2023: DNV, the impartial power professional and assurance supplier, has acquired international photo voltaic irradiance knowledge and forecasting supplier Solcast to additional develop DNV’s providing to photo voltaic power clients with digital and data-driven companies that assist maximize the worth of solar energy crops all over the world.

DNV’s Vitality Transition Outlook (ETO) predicts that by 2050 electrical energy manufacturing will double and 30% of all electrical energy will come from photo voltaic PV, therefore the quickly rising demand within the power marketplace for dependable knowledge analytics and dependable monitoring programs. .

Information firm Solcast, based mostly in Sydney, Australia with places of work in Asia, Europe and America develops the information and instruments wanted to plan, construct, function and handle photovoltaic programs. Photo voltaic forecasting permits solar energy producers to offer dependable and secure electrical energy to grids in fast-growing markets. The mixing of photo voltaic forecasting with power storage brings a singular alternative that enables clients to plan and later ship power on demand to get the perfect worth for every solar energy plant.

Actual-time entry to high-quality, correct short-term forecasts allows clients to shortly consider energy plant operations, assess losses, and enhance plant efficiency. resulting in improved plant and portfolio administration, in the end lowering prices and maximizing system and portfolio productiveness.

Solcast makes use of the newest in international climate satellite tv for pc imagery, machine studying, laptop imaginative and prescient, and historic and forecast knowledge to precisely produce greater than 600 million new forecasts each hour in a cloud-based surroundings and supply real-time entry to forecast knowledge with 5 -15-minute decision by way of an software programming interface (API).

“As a digitally native firm with robust area experience Solcast matches DNV’s technique to assist our clients with dependable data-driven companies,” mentioned Remi Eriksen, Group President and CEO of DNV. “DNV’s Vitality Transition Outlook predicts that photo voltaic PV will develop 20 instances by 2050 and this acquisition will assist us meet the sharp enhance in demand for dependable knowledge analytics and dependable monitoring programs. Digital merchandise, akin to these supplied by Solcast, are the important thing to unlocking the potential of photo voltaic, particularly if we’re to fulfill the targets of the Paris Settlement.”

“We’re delighted to hitch DNV,” mentioned James Luffman, CEO of Solcast. “Their standing as a worldwide and trusted voice, will assist us allow power builders and operators to navigate the complexity and alter of the power transition. This partnership will deliver the main photo voltaic irradiance and forecasting API on the earth to a bigger international viewers, whereas sustaining the identical stage of service that our clients have come to anticipate.”

“DNV has invested in Solcast, and supplied experience and different sources. The consequence is a big enchancment in our effectiveness and affect,” mentioned Luffman.

“I prolong a heat welcome to the Solcast staff. We’re excited to mix Solcast’s forecast, real-time, and historic knowledge and experience with analytics, advisory, monitoring, asset administration, and information within the DNV area. By becoming a member of forces, we have now taken a big step in the direction of higher digital companies and knowledge supply to allow clients to successfully develop and function their quickly rising portfolios of all levels of their photo voltaic flowers cycle,” mentioned Ditlev Engel, CEO, Vitality Techniques at DNV.