UCD spin-out NovoGrid acquired by Danish renewables group

It is the fourth company to join Scada International this year, alongside Sweet Geeks, Next Consult and Quantec Systems.

Danish renewable energy solutions provider Scada International has announced the acquisition of Irish renewable SaaS company NovoGrid.

NovoGrid, a University College Dublin (UCD) spin-out, specialises in grid analytics technology, which aids developers, asset owners and energy traders with insights into grid connection possibilities. This technology allows customers to shorten the time to market by providing actionable connection options for the transition to renewable energy.

It was founded in 2014 and is led by Paul Manning and Prof Andrew Keane. The company will remain headquartered in Dublin.

Scada said the acquisition strengthens the group’s suite of offerings across the entire energy lifecycle, beginning at the very early stages of energy project design.

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