DNV acquires AI-enabled Proxima Solutions

24 January 2023

DNV, the independent energy expert and assurance provider has strengthened its green power monitoring portfolio by acquiring Proxima Solutions, a prominent company in the provision of digital platforms for remote monitoring and asset management of renewable energy plants.

Proxima Solutions offers a suite of artificial intelligence-based (AI) asset management software tools that enable renewable energy asset owners and managers to optimise operations, assess plant performance and maximise energy production. Its AI algorithms are intended to allow the early detection of component anomalies and enable asset owners to implement preventative maintenance measures to avoid expensive machinery breakdowns and production losses. Headquartered in Berlin, Germany, Proxima operates a technology centre in Madrid, Spain, and is active in over eight target countries.

Proxima Solutions’ technical expertise and its Windlog and Energylog software tools will be merged with DNV’s GreenPowerMonitor business to strengthen its renewables advanced analytics capabilities and offer state-of-the-art monitoring – including real time updates, asset management and predictive diagnostics services to renewable asset owners.

  • DNV’s Energy Transition Outlook forecasts, for the first time, that non-fossil energy will move slightly above 50% of the global energy mix by 2050. This is mainly because of the growing and greening of electricity production. Electricity production will more than double, and its share will grow from 19% to 36% of the global energy mix over the next 30 years. Solar PV and wind are already the cheapest forms of electricity in most locations and by 2050 they will grow 20-fold and 10-fold respectively and will dominate electricity production with 38% and 31% shares, respectively.

Image: Proxima Solutions CEO Giuseppe Madia (left) and GreenPowerMonitor CEO Juan Carlos Arévalo (right) (courtesy of DNV)

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