Data analytics provider Verisk Analytics has acquired MAKE, an research and advisory business specializing in wind power.
MAKE will become part of Wood Mackenzie, a Verisk Analytics business focused on providing research and advisory services to the natural resources sector. The combined organization will enhance the offering to existing clients and form the leading market analysis and advisory firm on renewables and the transformation of the global electricity industry.
With detailed coverage of power market fundamentals, solar, wind, energy storage, and grid edge technologies, Wood Mackenzie says it will be ideally positioned to bring clients market-leading analysis and insight on the evolution of the entire energy landscape and will provide a strong platform for the future.
“MAKE is leading a significant transformation in the energy sector. MAKE’s cutting-edge knowledge of wind supply chains, costs, and investment trends will strengthen Wood Mackenzie’s offerings in the market during this rapidly changing time in the energy sector,” the company says.
Following the acquisition of Greentech Media in July 2016, Wood Mackenzie is continuing to expand its capabilities and solutions in data and insight for the power and renewables sector.
“Decarbonization is the defining trend in the energy industry today. And Wood Mackenzie is building a preeminent position to offer our clients the latest thinking in the renewables sector,” says Neal Anderson, president of Wood Mackenzie. “MAKE’s expertise in wind and solar power complements both Greentech Media’s expertise and our own existing practice.”
“I look forward to all of our clients benefiting from the combined offering,” says Morten B. Keller, managing partner of MAKE. “The renewables sector continues to grow at an unprecedented pace and at a scale that impacts the entire energy landscape. In 2016, more than US$200 billion was invested to build a record 116 gigawatts of solar and wind capacity. This accounted for 41% of all new electricity capacity globally, more than any other source.”