DNV, the global independent energy expert and assurance provider, has announced that it has signed a definitive agreement to acquire Clean Technology Partners Pty Ltd (CTP), a leading grid consulting company based in Melbourne, Australia. The acquisition is subject to customary closing conditions.
CTP’s power grid, renewables and storage technology expertise in delivering over 1,500 advisory projects over the last 10 years enables DNV to expand its market footprint in Australia and address the critical area of connecting generation projects to the country’s grid.
“We are honoured to be welcoming CTP’s team into the DNV family. CTP brings proven capability to complement the strengths of our existing business and provides additional depth in solar, storage and hybrid system expertise. Bringing together these two great teams will significantly improve our ability to support our clients across the whole energy value chain. This acquisition is a testament to DNV’s long-term commitment to contribute to the uptake of clean energy in Australia and globally and to remain at the forefront of the energy transition,” says Ditlev Engel, CEO Energy Systems at DNV.
“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,” says Brice Le Gallo, Vice President and Regional Director-Asia Pacific, Energy Systems at DNV.
Australia’s electricity system is transitioning away from coal more rapidly than expected. Therefore, the expansion of Australia’s power grid needs to be accelerated to accommodate the increasing supply of renewable energy, prevent power disruptions 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. The rise in renewable energy capacity will require significant changes in Australia’s grid infrastructure – with storage, connectivity and demand-response key to integrating renewables and avoiding connection delays and curtailment for projects,” adds Graham Slack, Market Area Manager – Australia, Energy Systems, DNV.
“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,” says Lachlan Bateman, Managing Director, Clean Technology Partners.
Following the announcement, CTP 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.