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Consolidation for renewable energy analytics firms

Business news |
By Nick Flaherty

TGS in Norway has acquired Prediktor, a key provider of asset management and real-time data management for renewable energy systems. The terms of the deal were not disclosed.

The move is part of a consolidation in asset management and predictive maintenance systems, with Reality Analytics, Senseye, and Brightly Software all acquired in recent weeks.

Established in 1995, Prediktor has carried out thousands of installations on industrial and energy assets, enabling data-driven automated operations in the world’s largest PV solar plants and wind farms.

The technology is used at the Benban solar farm in Egypt as well as Dogger Bank in the UK, the world’s largest offshore wind farm, that is currently under construction.

With 40 employees and based in Fredrikstad, Norway, Prediktor currently supports 7 GW of renewable energy assets (mainly PV solar), with a solid pipeline of further installations. The asset management technology monitors projects, forecasts energy production, recommends actions and automates decision-making.

“We are currently in a unique phase of industrial energy asset building of wind and solar assets at a vast global scale. Prediktor’s biggest challenge is the ability to scale fast enough in all our business processes to deliver to our clients’ ambitious pipeline. In TGS, we see the vision, resources, agile-get-the-job-done culture and infrastructure to meet this challenge,” said Espen Krogh, CEO of Prediktor.

The company also provides data management applications that organize Industrial Internet of Things sensor data (IIoT), helping to capture, validate, store and contextualize real-time data. Globally leading energy and industrial companies are among Prediktor’s data management customers.

“[Predikor] has an impressive track record of providing cutting-edge data-driven solutions and superior customer service to energy companies worldwide,” said Kristian Johansen, CEO at TGS, which was founded in Houston, Texas and is now headquartered in Oslo. “In February 2021, we introduced our New Energy Solutions initiative, which provides data and insights for industries actively contributing to reducing greenhouse gas emissions.

“Since then, we have launched several organically-developed data-driven solutions for offshore wind, geothermal energy and carbon storage, as well as acquired offshore wind market intelligence provider 4C Offshore,” he said. “Prediktor will become another important building block for realizing our vision of creating an energy industry gateway providing integrated solutions for data and actionable insights to facilitate decision making, project development and asset performance management across energy project life cycles and markets.”

www.tgs.com; www.prediktor.com

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