PV Analytics Firm Changes Hands

• GPM has taken over PEAK PV analytics technology platform from Austria's Alteso
• It will enable GPM to integrate special algorithms as machine learning into its platforms to get better insights into PV assets
• Renewable energy project developers and owners can optimize the assets with digital monitoring it can provide, claims GPM

Solar monitoring, control and asset management system provider GreenPowerMonitor (GPM) has acquired PV analytics technology platform PEAK, which expands the advanced analytics services it provides to the global solar industry. It has taken over PEAK from Austrian PV performance optimization specialist Alternative Energy Solutions GmbH (Alteso).

GPM is part of the global certification and product testing company DNV that acquired it in July 2016 when the latter was managing 5 GW of solar power capacity (see DNV GL Acquires GreenPowerMonitor).

The addition of PEAK brings to GPM its special algorithms as machine learning to explore big data which the latter plans to integrate into its platforms, enabling it to make use of 'visualized insights and artificial intelligent-driven solutions'.

"Fact-based insights are needed to accelerate the much-needed green energy transition and realize deep decarbonization of the energy industry," said GPM CEO Juan Carlos Arevalo. "This acquisition reinforces our strategy to serve our customers in the renewables industry with advanced analytics, multi-technology, grid integration and asset management."

GPM and DNV believe this acquisition will support renewable owners and developers optimize their renewable assets with the help of digital monitoring as the future's decarbonized energy system will count connectivity, storage and demand-response as 'critical assets'.

In a recent report, DNV forecast that by 2050 wind and solar PV will grow 15-fold and 20-fold from today, making it imperative to ensure accurate and strict digital monitoring of these assets (see DNV: World Needs Vastly More Green Energy).