PV Evolution Labs (PVEL) will become a separate legal entity under the ownership of PVEL’s experienced leadership team after a decision by the management of DNV GL and PVEL to transfer ownership.
A PVEL field testbed - Courtesy of DNV GL
The new setting means that two organisations will henceforth have more flexibility to maximise value to customers, although DNV GL and PVEL will continue to work together to provide a full portfolio of valued solar services to industry clients.
DNV GL’s 2300 energy experts deliver trusted advisory and testing services to the energy value chain including solar, wind, storage, transmission, distribution of electricity and energy management services.
With dozens of solar test experts and partners around the world, PVEL is the leading independent solar reliability and performance testing lab dedicated to providing trusted bankability data to downstream solar equipment buyers, project investors and project operators. It was founded in 2010 by Jenya Meydbray, who is returning to lead PVEL as CEO. The company is known worldwide for its annual PV Module Reliability Scorecard and groundbreaking Product Qualification Programmes.
“From the outset, PVEL pioneered a vital role as the original reliability and performance lab dedicated to the downstream solar market” said Jenya Meydbray. “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.”
PVEL's management team
Ditlev Engel, CEO of DNV GL’s energy business, added that the two organisations are committed to growing and supporting the global solar market and that DNV GL has made considerable investments in its solar lab services and the reliability scorecard over the last four years. DNV GL believes that PVEL’s management, as the new owner of the lab, will have more flexibility to serve its customers. DNV GL will maintain its close relationship with PVEL and continue its plans to leverage the valuable, independent data generated by PVEL by collaboratively publishing the PV Module Reliability Scorecard.
DNV GL will continue to play a leading role in the solar industry by focussing on other parts of the solar value chain. Its trusted advisory practice has already serviced more than 6,000 solar projects globally and its GPM asset management platform services over 14 GW of solar PV plants worldwide. PVEL will remain fully dedicated to the PV equipment buyer community by continuing to provide testing services for every aspect of a PV system and supporting the global solar market with annual technology scorecards. Currently, it tests module, inverter and racking technologies at state-of-the-art indoor labs and field testbeds in the US and also conducts testing in the field at solar power plants and in factories and partner labs around the world.