Power and renewables

DNV acquires energy price forecaster Antuko

Antuko signing
Left: Olivier Potart of Antuko. Right: Santiago Blanco of DNV.

Antuko is a specialist in quantitative analysis, risk assessment, market intelligence, transactional advisory and market representation.

Ditlev Engel
Ditlev Engel, CEO Energy Systems at DNV
Santiago Blanco
Santiago Blanco, Regional Director, Southern Europe, Middle East, Africa and Latin America Energy Systems at DNV
Antuko signing
Signing ceremony by Olivier Potart of Antuko (left) and Santiago Blanco of DNV (right).

MADRID, Spain – 24 August 2021, DNV, the independent energy expert and assurance provider has acquired the consulting arm of Antuko, a leading energy price forecaster. Antuko, with headquarters in Chile, South America, is a specialist in quantitative analysis, risk assessment, market intelligence, transactional advisory and market representation. Its global team of qualified experts have extensive experience in electrical market analysis and modelling, and currently provide Antuko’s services in the Chilean, Mexican and Iberian power markets.

Antuko was founded in 2010 in Chile to provide incoming non-conventional renewable energy developers with key data and intelligence to help them penetrate that market. Later Antuko expanded into Mexico (2015), Spain (2016) and Portugal (2016), and as of today has performed more than 300 consulting projects, helping the development, financing and construction of more than 4 GW of new renewable assets. Antuko is also strong in M&A advisory (more than 20 transactions) and in market representation (400 MW of assets under management).

“DNV and Antuko have been collaborating in the Iberian, Mexican and Chilean energy markets for some time, particularly when there is a need for power forecasting or any kind of financial approach to energy generation and its commercialization strategy. The combination of our services in this area is an excellent strategic fit and Antuko joining the DNV family gives us the opportunity to offer better services to our customers.” says Ditlev Engel, CEO of Energy Systems at DNV.

“Through this integration into DNV, Antuko will gain access to a much larger global network as well as the opportunity to expand its services”, says Olivier Potart, founder and CEO of Antuko.

DNV’s 2020 Energy Transition Outlook forecasts that electricity demand will more than double over the next three decades, raising the share of electricity in the global energy mix from 19% in 2018 to 41% in 2050. Over that time frame, the growth in electricity demand in manufacturing will be 46%, in buildings 100%, and in the transport sector electricity use will grow 26-fold.

Reliable power price forecasts are essential to the decision-making process for energy investments. Deeper insight into how wholesale power prices develop and what factors can affect their evolution in each market is also critical to help decision makers fully understand the risk landscape they operate in and so make the right investment choices for their risk preferences.

Santiago Blanco, Regional Director, Southern Europe, Middle East, Africa and Latin America Energy Systems at DNV concludes, “The integration of Antuko´s capabilities in our DNV portfolio, offers our customers, investors, financial institutions, owners and operators, a one-stop-shop for their energy projects. We are providing a holistic approach, covering both the technical dimension of the project, including the amount of energy a project and portfolio could generate based on technology and also the market revenues that they could obtain as well as ways to optimize a customer’s commercial strategy. With this acquisition, DNV continues to consolidate its position as a market leader in the very dynamic market of due diligence for energy project finance and mergers and acquisitions advisory.”

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For media enquiries, please contact:
Neil Slater, Head of Media Relations Energy Systems
T: +44 (0) 7876 578 353
E: neil.slater@dnv.com

About DNV
DNV is the independent expert in risk management and quality assurance, operating in more than 100 countries. Through its broad experience and deep expertise DNV advances safety and sustainable performance, sets industry benchmarks, and inspires and invents solutions. 

Whether assessing a new ship design, optimizing the performance of a wind farm, analyzing sensor data from a gas pipeline or certifying a food company’s supply chain, DNV enables its customers and their stakeholders to manage technological and regulatory complexity with confidence.

Driven by its purpose, to safeguard life, property, and the environment, DNV helps tackle the challenges and global transformations facing its customers and the world today and is a trusted voice for many of the world’s most successful and forward-thinking companies.

In the energy industry
DNV provides assurance to the entire energy value chain through its advisory, monitoring, verification, and certification services. As the world's leading resource of independent energy experts and technical advisors, the assurance provider helps industries and governments to navigate the many complex, interrelated transitions taking place globally and regionally, in the energy industry. DNV is committed to realizing the goals of the Paris Agreement, and supports customers to transition faster to a deeply decarbonized energy system

More information about DNV: www.dnv.es, www.dnv.cl, www.dnv.com.mx

More information about Antuko: www.antuko.com