DNV GL, PV Evolution Labs Announce New Ownership Structure


The management teams of DNV GL and PV Evolution Labs (PVEL) have jointly decided that PVEL will become a separate legal entity under its own management.

In the new setting, which became effective Jan. 1, both organizations expect to have more flexibility to maximize value for customers. DNV GL and PVEL will continue to work together to provide a portfolio of solar services for industry clients.

For the global energy markets, DNV GL’s 2,300 energy experts deliver 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 an independent solar reliability and performance testing lab providing 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 for its 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,” notes 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,” adds Ditlev Engel, CEO of DNV GL’s energy business.

PVEL will 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 indoor labs and field testbeds in the U.S. PVEL also conducts testing in the field at solar power plants and in factories and partner labs around the world.

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