DNV, the independent global energy expert and insurance provider, announced today that it has signed a definitive agreement to acquire Clean Technology Partners Pty Ltd (CTP), a leading network consultancy company based in Melbourne, Australia.
CTP’s energy grid, renewables and storage technology expertise in delivering over 1500 consultancy projects over the past 10 years enables DNV to expand its market footprint in Australia and address the critical area of project connectivity of generation with the country’s grid. The addition of CTP’s multidisciplinary team enhances DNV’s existing renewable technical advisory services and strengthens its position to support the growing renewables sector.
“We are honored to welcome the CTP team to the DNV family. CTP brings proven capabilities to complement the strengths of our existing business and provides additional depth in solar, storage and hybrid system expertise. The merger of these two excellent teams will significantly improve our ability to support our customers throughout the energy value chain. This acquisition is a testament to DNV’s long-term commitment to contributing to clean energy uptake in Australia and globally and to remain at the forefront of the energy transition,” said Ditlev Engel, CEO of Energy Systems at DNV.
“Part of our strategy is based on inorganic growth. We are constantly looking for great companies to buy and collaborate with. In APAC, we want to strengthen our position in the energy grid sector. Our acquisition of CTP will significantly change our position in that sector in Australia and will also significantly change how we are able to add value to our customers across the region,” said Brice Le Gallo, Vice President and Regional Director of Asia Pacific Energy Systems at DNV.
Australia’s electricity system is moving away from coal faster than expected. Therefore, the expansion of Australia’s energy grid must be accelerated to accommodate the growing supply of renewable energy, prevent power outages and reduce costs for consumers.
“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. Growing renewable energy capacity will require significant changes to Australia’s grid infrastructure – with storage, connectivity and demand response key to integrating renewables and avoiding delays and connection cuts to projects,” Graham Slack added. , Market Area Manager – Australia, Energy Systems.DNV.
“The acquisition of CTP by DNV is an incredible milestone for me and the entire CTP team. We have all worked hard over the years to refine our service offering to the ever-evolving renewable energy, energy storage and power systems sectors. DNV membership means a lot to us on many fronts – from the project work we will be doing to our workplace culture. DNV’s scale, technical depth and ability to impact the energy transition is something we are all very excited about,” said Lachlan Bateman, Managing Director, Clean Technology Partners.
Following today’s announcement, CTP’s senior staff will further strengthen DNV’s local leadership team. CTP founder Lachlan Bateman will serve as Head of Power Systems Planning for Asia Pacific and industry veteran Matthew Forwood will be Head of Project Engineering and Due Diligence – Australia. Both Lachlan and Matthew will be based out of DNV’s Melbourne office.