GreenPowerMonitor Acquires PV Analytics Technology Platform from Alteso

Source: 9/23/2021, Location: Europe

GreenPowerMonitor (GPM), a DNV company, and the leading digital solution provider for monitoring and management of renewable power plants, has acquired the PV analytics technology platform, PEAK from Alteso, the leading PV performance improvement specialist located in Vienna, Austria. PEAK’s special algorithms, including machine learning for exploring big data, will be integrated into GPM’s platforms.

- Alteso’s analytics to be integrated into GreenPowerMonitor solutions
- DNV’s Energy Transition Outlook forecasts that by 2050, solar and wind will represent 69% of grid-connected power generation
- New combined analytics platform builds upon global need for fact based digital monitoring of renewable assets
- With this optimized digital analytics platform GPM will be able to provide first-in-class advanced analytics services to the global solar industry, utilizing visualized insights and artificial intelligent-driven solutions.

DNV’s 2021 Energy Transition Outlook report forecasts that by 2050, solar and wind will represent 69% of grid-connected power generation, and fossil power just 13%. Connectivity, storage and demand-response will be critical assets in the decarbonized power system. Over the coming 30 years, USD 12 trillion will be invested in both building a larger grid and adapting it to the variability of solar and wind through technical solutions.

“We see the acquisition of our analytics technology by the global knowledge leader GPM as a strong confirmation of the quality of the product we have developed over the last years” said Michael Oberdorfer, CEO of Alteso.

Günter Maier, COO of Alteso added that “The integration of PEAK into GPM’s platforms completes on one hand our vision for creating a one-stop-solution for unlocking the untapped value to be made from transforming data into wisdom and starts on the other hand an accelerator for leveraging such wisdom for holistic asset value maximization.”

“Fact-based insights are needed to accelerate the much-needed green energy transition and realize deep decarbonization of the energy industry. This acquisition reinforces our strategy to serve our customers in the renewables industry with advanced analytics, multi-technology, grid integration and asset management.? At GPM we are at the beginning of a deeper transformation where we will combine knowledge, expertise and innovative data-driven monitoring solutions helping our customers get the most out of their assets.”, said Juan Carlos Arévalo, CEO of GreenPowerMonitor, a DNV company.

The integration of Alteso fits into the continuous focus of DNV and GPM to support renewable owners and developers in optimizing renewable assets by digitalization and innovation, focussing on digital twins, asset management, monitoring and control solutions.

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