Power and renewables

GreenPowerMonitor acquires PV analytics technology platform from Alteso

Contract signing Alteso and GreenPowerMonitoring
Left to right: Günter Maier, COO of Alteso, Michael Oberdorfer, CEO of Alteso and Juan Carlos Arévalo, CEO of GreenPowerMonitor

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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About GreenPowerMonitor, a DNV company 
GreenPowerMonitor, a DNV company (GPM) offers a market-leading integrated solution of software, hardware, and services for the management and maintenance of renewable energy installations.  Driven by its purpose, GPM provides digital tools to maximize the performance of renewable energy assets, optimize efficiency in the management of renewable energy portfolios, and contribute to having the greenest energy mix in the grid.  
GPM has a long tradition and experience in successfully managing renewable assets and providing customized solutions for our clients’ needs. Its monitoring, managing, and analytic solutions have helped more than 700 clients in 72 different countries. 
Learn more at www.greenpowermonitor.com 


About Alteso  (Alternative Energy Solutions GmbH)
Alteso is a green technology company.  PEAK is Alteso’s  autonomous PV plant analytics platform and provides prescriptive analytics and actionable insights to ensure asset value maximization and OPEX reduction for PV asset managers, owners and O&M companies.  In parallel, PEAK allows also automated monitoring and reporting for hundreds of plants, thereby bringing an active automated monitoring to such plants.  
Alteso has executed performance improvement analyses in 20 countries and for more than 2500 MW. 
Learn more at www.alteso.at   


About DNV  
DNV is the independent expert in risk management and 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 make critical decisions 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. 


About DNV 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.