DNV, the world’s leading independent energy expert and assurance provider, has announced the signing of a definitive agreement to acquire Clean Technology Partners Pty Ltd (CTP), a leading grid consulting firm.
In a statement, CTP said DNV could increase its market presence in Australia and take on the crucial task of connecting generation projects to the nation’s grid thanks to CTP’s expertise in the power grid, renewable energy sources, and storage technology, which it has applied to more than 1,500 advisory projects over the past ten years. The company added its multidisciplinary team strengthens DNV’s position to support the expanding renewables sector while also enhancing its current technical advisory services for renewable energy sources.
“CTP brings proven capability to complement the strengths of our existing business and provides additional depth in solar, storage, and hybrid system existing. Bringing together these two great teams will significantly improve our ability to support our clients across the whole energy value chain,” DNV Energy Systems CEO Ditlev Engel said.
Engel described the acquisition as a testament to DNV’s long-term commitment to contribute to the uptake of clean energy in Australia and globally, and to continue to be at the forefront of the energy transition.
“Part of our strategy is based on inorganic growth. We are constantly on the lookout for great companies to acquire and to collaborate with. In APAC, we want to strengthen our position in the power grids sector. Our acquisition of CTP is going to considerably change our position in that sector in Australia and will also significantly change the way we are able to add value to our customers in the whole region,” said Brice Le Gallo, Vice President and Regional Director-Asia Pacific, Energy Systems at DNV.
According to CTP, Australia’s electricity system is transitioning away from coal faster than anticipated. The company added that Australia’s power grid expansion must be sped up to accommodate the rising supply of renewable energy, avoid power outages, and lower costs for consumers.
Graham Slack, Market Area Manager – Australia, Energy Systems, DNV, added that DNV’s Energy Transition Outlook identifies electrification as a vital component in the decarbonisation of energy systems and supports the view that renewables will dominate all other energy sources in power generation.
He said the expansion of Australia’s renewable energy capacity would necessitate significant changes to the grid infrastructure, with storage, connectivity, and demand response being crucial to integrating renewables and preventing project delays and curtailments.
“The acquisition of CTP by DNV is an outstanding milestone for myself and the whole CTP team. We have all worked hard over the years to refine our service offering for the continually evolving renewable energy, energy storage and power systems sectors. Joining DNV makes so much sense to us on multiple fronts – from the project work, we will be doing right through to our workplace culture. The scale, technical depth and ability of DNV to have an impact on the energy transition is something we are all very excited about,” said Lachlan Bateman, Managing Director, Clean Technology Partners.
DNV’s local leadership team will be further strengthened following the announcement by CTP senior staff. Lachlan Bateman, the founder of CTP, will serve as Head of Power Systems Planning for Asia Pacific, and Matthew Forwood, a seasoned professional in the field, will serve as Head of Project Engineering and Due Diligence – Australia. Lachlan and Matthew will both work out of the Melbourne office of DNV.
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