The management of DNV GL and PV Evolution Labs jointly decided that PVEL would become a separate legal entity under the ownership of PVEL’s experienced team. In the new setting, both organizations would have more flexibility to maximize value to customers. DNV GL and PVEL would continue to work together to provide a full portfolio of valued solar services to industry clients.
For the global energy markets, DNV GL delivered trusted advisory and testing services to the energy value chain including solar, wind, storage, transmission, distribution of electricity and energy management services.
PVEL is an independent solar reliability and performance testing lab dedicated to providing trusted bankability data to downstream solar equipment buyers, project investors and project operators. The company is known for its annual PV Module Reliability Scorecard and Product Qualification Programs.
“From the outset, PVEL pioneered a vital role as the original reliability and performance lab dedicated to the downstream solar market. Our data drives the industry’s growth by helping project developers access and optimize financing,” noted Meydbray. “Thanks to the rapid advancement of solar technology and increasing global demand for clean energy, our services are even more critical now than they were a decade ago.”
“We are both committed to growing and supporting the global solar market. DNV GL has made considerable investments in its solar lab services and the reliability scorecard over the last four years”, commented Ditlev Engel, CEO of DNV GL’s energy business. “We will maintain our close relationship with PVEL and continue our plans to leverage the data generated by PVEL by collaboratively publishing the PV Module Reliability Scorecard. DNV GL will continue to lead the solar industry focussing on other parts of the solar value chain. Our trusted advisory practice has already serviced more than 6,000 solar projects globally and our GPM asset management platform services over 14 GW of solar PV plants worldwide. Through our expertise in digitalization and data analytics we will support the global solar market by offering services for solar financing, projects, operations and grid integration.”
“PVEL will remain fully dedicated to the PV equipment buyer community as we continue to provide testing services for every aspect of a PV system,” added Tara Doyle, PVEL’s Chief Commercial Officer. “By innovating our test programs to meet the needs of our downstream partners, we provide the data they need for strategic procurement decisions.
PVEL would continue to support the global solar market with annual technology scorecards, Product Qualification Programs, and field testing services. Currently, it tests module, inverter and racking technologies at state-of-the-art indoor labs and field testbeds in the U.S. PVEL also conducts testing in the field at solar power plants, factories, and partner labs as well as connect manufacturers to the buyer community and drive data-backed solar project development.
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