DNV has acquired Power System Dynamics (PSD), a grid consultancy in South Africa, providing worldwide services for high voltage (HV) power systems.
PSD is recognised as a “world-leading expert” in grid dynamic behaviour modelling, DNV said.
This acquisition, which follows collaboration on anterior projects, will be essential to DNV’s service offerings in the area of power system planning and flexible alternating current (AC) transmission systems (FACTS), supplementing its offers to the global power market with PSD’s international project references, global customer portfolio and world recognition on FACTS advisory services.
The increasing share of sustainable power in the energy mix creates challenges for transmission and distribution operators, due to the intermittency of the power flows generated from renewable sources.
FACTS regulate alternating current transmission parameters, enhancing power flows controllability and increasing transfer capability across AC/DC grids.
This central role in ensuring voltage stability makes FACTS critical for the move towards the full integration of renewable power sources, DNV said.
The acquisition of PSD occurs as DNV’s recently published Energy Transition Outlook report states that with an 83% share of the electricity system in 2050, renewables are squeezing the fossil share of the overall energy mix to just below the 50% mark in 2050.
More grid connections will be needed as the global grid-connected electricity demand will grow by 2.7% a year from 2020 to 2050.
Also, world transmission lines will increase from just over six million circuit-kilometres in 2020 to almost 18.5 million by 2050.
The fastest progress will occur in regions with relatively weaker infrastructure: the Indian Subcontinent, Sub-Saharan Africa, and Southeast Asia.
“We are proudly looking forward to welcoming Power System Dynamics (PSD) into DNV, strengthening our team in South Africa and adding unique global expertise for our power grid customers.
“With the rise of renewables, demand for advisory services from customers on their energy transition journey continues to accelerate, and we are constantly expanding our capabilities to support this emerging need.
“The addition of PSD’s Power Grids FACTS services, essential to renewables integration, is testament to our continuous effort to support our transmission and distribution customers.” said Ditlev Engel (pictured), CEO Energy Systems at DNV.