Norway-based risk management company acquires Houston energy SaaS biz

M&A Moves

The acquisition is inline with "DNV's ongoing commitment to support customers in leading and accelerating the energy transition." Photo courtesy of DNV

A Norwegian company that specializes in risk management in the maritime industry has acquired a Houston software business.

DNV announced the acquisition of Houston-based ANB Systems earlier this month. ANB's software-as-a-service platform provides energy program services to utility and regulatory body customers. The terms of the deal were not disclosed.

“ANB has grown steadily across its software products, its services, and its customers, through its configurable and scalable low-code proprietary software platforms," S. Balakrishnan, CEO of ANB Systems, says in the news release. "The acquisition by DNV will provide us with the resources for product development and operations, as well as give us global market reach. Most importantly, this will give us the resources to ensure we continue providing excellent customer implementation and support via our successful ReSULTS framework.”

The two companies have collaborated previously, and the acquisition is inline with "DNV's ongoing commitment to support customers in leading and accelerating the energy transition," as the company describes in the release.

"Energy efficiency is one of the defining features of the energy transition and the acquisition of ANB, with its strong focus on quality software solutions, will strengthen and expand our offerings in energy management and related services particularly in North America," Remi Eriksen, group president and CEO of DNV, says in the release.

Since its inception in 1997, ANB has developed digital solutions for automation within energy efficiency, electric vehicles, and more. Its platform is powered by artificial intelligence and machine learning.

"The collaboration between DNV and ANB will bring together two world-class teams, combining insights and experience to deliver comprehensive solutions to customers," Ditlev Engel, CEO of Energy Systems at DNV, says. "ANB Systems was founded with a clear mission - to partner with their customers to create best-in-class technology solutions that empower energy companies to provide best-in-class service including artificial intelligence.

"The company has grown and gained remarkable expertise in developing digital solutions for clean energy programs," he continues. "Together, DNV and ANB Systems are committed to accelerating the transition towards decarbonized, safe, and smart energy systems, enabling a sustainable future for all.”

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Houston companies team up on $700M floating solar projects in Texas

float on

Diamond Infrastructure Solutions has given Third Pillar Solar exclusive rights to access Diamond’s Texas reservoirs for the possible launch of utility-scale floating solar installations. Both companies are based in the Houston area.

The potential investment in the floating solar project exceeds $700 million, and the project is expected to generate up to 500 megawatts of solar energy.

“Our agreement with Third Pillar marks a bold step forward in how we think about infrastructure and sustainability. By transforming underutilized water surfaces into clean energy assets, Diamond is advancing its commitment to innovation while delivering long-term value,” Ed Noack, CEO of Diamond Infrastructure Solutions, said in the release.

Dow Chemical Co. and a fund directed by Macquarie Asset Management announced the formation of Diamond in 2024. Dow holds a majority stake in Diamond, which owns Gulf Coast infrastructure used by Dow and other industrial customers at five locations in Texas and Louisiana.

The solar installations are scheduled to be built and in operation by the end of the decade.

The agreement between Diamond and Three Pillar “demonstrates the growing appetite for utility-scale energy solutions and highlights how floating solar can enhance and transform the value of existing infrastructure, all while providing cost-competitive energy, preserving agricultural land, reducing evaporation losses, and existing out of public view,” Jaimeet Gulati, CEO of Third Pillar, added in the realease.

Founded in 2022 and majority-owned by renewable energy investor Glentra Capital, Third Pillar develops, owns and operates floating photovoltaic solar installations. The installations are designed to float in places such as wastewater lagoons, reclaimed sand and gravel pits and industrial reservoirs. Third Pillar’s development pipeline contains more than 60 projects.

Rice Alliance names participants in 22th annual energy forum

where to be

The Rice Alliance for Technology and Entrepreneurship has named the 100 energy technology ventures that will convene next month at the 22nd annual Rice Alliance Energy Tech Venture Forum, as part of the second annual Houston Energy and Climate Startup Week.

Half of the startups, which hail from nine countries and 19 states, will pitch during the event, which culminates in the annual recognition of the “Most Promising Companies." The 12 companies that were named to Class 5 of the Rice Alliance Clean Energy Accelerator will present during Demo Day to wrap up their 10-week program.

In addition to pitches, the event will also host keynotes from Arjun Murti, partner of energy macro and policy at Veriten, and Susan Schofer, partner at HAX and chief science officer at SOSV. Panels will focus on corporate innovation and institutional venture capital. Attendees can also participate in one-on-one office hours with founders and investors.

The forum will take place Sept. 18 at Rice University’s Jones Graduate School of Business.

The 2025 presenting companies include:

Aeromine Technologies
AlumaPower
Ammobia
Aqua-Cell Energy
Aquafortus
Aquora Biosystems
Arculus Solutions
Artemis Production Solutions
AtmoSpark Technologies
AtoMe
Badwater Alchemy
C+UP
Carbon Blade
Circul8 Energy & Environment
CO2 Lock
Direct C
DirectH2
Ekona Power
Exum Instruments
Fathom Storage
Flyscan Systems
Geokiln Energy Innovation
Glint Solar
Hive Autonomy
Horne Technologies
Hydrogenious LOHC Maritime
Innowind Energy Solutions
Iron IQ
Kewazo
LiNova Energy
Lukera Energy
Lydian
Mcatalysis
Metal Light
Mithril Minerals
Moment Energy
Moonshot Hydrogen
Muon Vision
PolyQor
Polystyvert dba UpSolv
Precision Additive
RapiCure Solutions
Resollant
SiriNor
Skyven Technologies
Sperra
SpiroPak
Sweetch Energy
Teverra
Utility Global
Xplorobot

Companies participating in office hours include:

Active Surfaces
Advanced Reactor Technologies
Advanced Thermovoltaic Systems
Ai Driller
Airbridge
Airworks Compressors
Austere Environmental
Brint Tech
CarbonX Solutions
Cavern Energy Storage
Celadyne Technologies
CERT Systems
CubeNexus
Deep Anchor Solutions
Ellexco
Emerald Battery Labs
Equipt.ai
FAST Metals
FieldMesh
FlowCellutions
Fluidsdata
GrapheneTX
GS VORTEX SYSTEMS
Installer
Kanin Energy
MacroCycle Technologies
Modular MOPU
NANOBORNE
NetForwards
Oxylus Energy
PetroBricks
PHNXX
RASMAG Energy
RedShift Energy
RENASYS
RenewCO2
Resonantia Diagnostics
Respire Energy
Safety Radar
SeaStock
Secant Fuel
SolGrapH
Stratos Perception
Terraflow Energy
Think Energy Holdings
Turnover Labs
Utiltyx
Zenthos Energy

Find information about the full day of events here, or click here to register.

Houston environmental firm makes partnership to deliver low-carbon ship fuel

renewable shipping

Houston-headquartered environmental services firm Anew Climate and Vancouver-based ship-to-ship marine bunkering of liquified natural gas company Seaspan Energy have entered into a first-of-its-kind strategic agreement to offer the delivery of renewable liquefied natural gas (R-LNG) to customers on the North American West Coast.

“We’re proud to collaborate with Anew Climate to forge a new path for lower-carbon marine fuel,” Harly Penner, president of Seaspan Energy, said in a news release. “This partnership supports our goal to provide cleaner energy solutions to the maritime industry and demonstrates our dedication to innovation and environmental leadership.”

Anew will supply renewable natural gas (RNG) certified by the International Sustainability and Carbon Certification (ISCC). The RNG will comply with the International Maritime Organization's (IMO) Net-Zero Framework, which recently approved measures to encourage emissions reductions, and the FuelEU Maritime Regulation in the European Union.

Together, the companies aim to identify and develop commercial opportunities to promote the adoption of lower-carbon fuels and deliver ISCC-certified renewable liquified natural gas (R-LNG) to ships throughout the North American West Coast.

The partnership builds upon Anew Climate’s bio-LNG bunkering, which was developed in 2021 when the company was known as Element Markets. It was the first bio-LNG bunkering, or refueling with bio-LNG, in the U.S.

“At a time when global shipping is under pressure to decarbonize, this partnership brings together two innovators committed to advancing sustainable solutions,” Andy Brosnan, president of Anew Climate Low Carbon Fuels, said in a news release. “By combining Anew’s expertise in RNG with Seaspan’s marine logistic capabilities, we’re offering a market-leading approach to help shipowners meet evolving emissions requirements and reduce their environmental impact without compromising performance.”

In July, Anew also extended its agreement with CNX Resources to market remediated mine gas, which is an ultra-low carbon intensity energy source from captured waste methane. It also announced a 10-year agreement earlier this summer with Aurora Sustainable Lands and Microsoft to deliver 4.8 million nature-based carbon removal credits. Anew Climate, founded in 2001, states that its mission is to reduce emissions, environmental restoration and impact the climate in a positive way.

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