SCADA International expands its software offerings and digital services by acquiring NovoGrid Ltd
Denmark-headquartered SCADA International has acquired UCD spinout NovoGrid for an undisclosed sum.
The move will strengthen SCADA’s grid modelling and energy project design capabilities and will help businesses in their green transition.
“NovoGrid is a front-runner in helping customers solve grid integration challenges”
NovoGrid specialises in grid analytics technology, empowering developers, asset owners, and energy traders with insights into grid connection possibilities long before investments are made.
Electrified by the opportunity
Grid integration and lengthy interconnection queues pose one of the biggest threats to electrification and decarbonisation of the energy system because the current power grid infrastructure is not built for the fast expansion of variable power generation and increase in power demand.
Particularly, this shift in the industry has been one of the reasons SCADA International has bought the Irish company.
“Alongside the rapid development of renewables and increased rate of electrification, the demand for the highly specialised expertise that NovoGrid covers is increasing, too,” said Thomas Bagger, CEO at SCADA International.
“NovoGrid is a front-runner in helping customers solve grid integration challenges by quickening the interconnection process and providing intelligent tools for better decision-making. We are very pleased to have the NovoGrid team on board, as we now can support our customers in solving their challenges along the full lifecycle of their assets – from the cradle to the grave, so to speak.”
NovoGrid was founded by Paul Manning and Andrew Keane at UCD in 2014 after building proprietary technologies based on years of research.
“For the past few years, we have closely tracked the industry’s shift toward renewables and electrification, and we are now at a tipping point where grid integration is the number one problem for most of our customers. With this increase in demand, it has been a natural step for us to expand our company, and we are more than happy to be doing so together with SCADA International.”
Andrew Keane agrees: “We are at a point where meeting grid requirements is essential in ensuring a secure and sustainable future energy supply. This puts added pressure on our customers. Bringing in more resources means we can be a stronger partner to help them scale the barrier. I am excited to begin this partnership with SCADA International and support our customers in many more areas than today.”
As a part of the acquisition, Paul and Andrew will continue in their current roles and contribute to the further development of SCADA International.
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