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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California company launches Tesla Megapack battery project in Houston area

power on

Oakland, California-based Nightpeak Energy announced earlier this month that its 150-megawatt battery storage project in Brazoria County, known as Bocanova Power, is now operating to address Houston’s peak capacity needs.

“This battery storage project will enhance grid reliability in the Alvin area while continuing to support integrating renewable energy,” Cary Perrin, president and CEO of the Northern Brazoria County Chamber of Commerce, said in a news release. “I believe we need energy storage now more than ever for its pivotal role in reducing strain on the grid while meeting fast-growing power demand in Texas and Brazoria County."

The project reached commercial operation in August, according to the release. The project utilizes Tesla's Megapack 2 XL battery storage system, and the facility operates under a long-term power purchase agreement with an undisclosed “investment-grade power purchaser.”

“Bocanova Power demonstrates the speed at which Nightpeak Energy is overcoming complex challenges to energize projects that support America's growing need for affordable, reliable, and secure energy,” Paris Hays, co-founder and CEO/CDO of Nightpeak Energy, added in the news release. “Unprecedented AI data center and manufacturing growth has only accelerated the need for these resources.”

Hays added in the release that the company has plans for more energy infrastructure projects in Texas and in the Western U.S.

Nightpeak Energy develops, owns and operates power plants that support the growing capacity needs of a decarbonized grid. It also owns and operates 240 MW of battery storage and natural gas generation facilities.

The company was founded in 2022 and backed by equity funding of up to $200 million from Dallas-based investment firm Energy Spectrum Capital.

Texas ranks low on most energy-efficient states report

by the numbers

Texas has room to improve when it comes to energy efficiency, recent data from WalletHub shows.

The personal finance website ranked Texas at No. 35 on the latest Most & Least Energy-Efficient States list. Texas improved by one spot on the 2025 report, after coming in at No. 36 last year.

The report measured and ranked the efficiency of auto energy and home energy consumption in the 48 U.S. mainland states based on data from the U.S. Census Bureau, National Climatic Data Center, U.S. Energy Information Administration and the U.S. Department of Transportation – Federal Highway Administration.

Texas earned an overall score of 50.60. It was ranked No. 27 for home energy efficiency and No. 41 for auto efficiency. By comparison, No. 1-ranked Vermont earned a score of 85.30, ranking No. 2 for home energy and No. 6 for out energy.

The top five overall states included:

No. 1 Vermont
No. 2 California
No. 3 Washington
No. 4 New York
No. 5 Massachusetts

South Dakota earned the top rank for home energy efficiency, and Massachusetts earned the top rank for energy efficiency.

“Energy efficiency doesn’t just help save the planet – it also helps save you money by lowering the amount of electricity, gas, oil or other types of energy you need to consume. While there are some steps you can take to become more energy-efficient on your own, living in the right area can give you a big boost," WalletHub analyst Chip Lupo said in the report. "For example, certain states have much better public transportation systems that minimize your need to drive, at least in big cities. Some places also have better-constructed buildings that retain heat better during the winter or stay cooler during the summer.”

According to the report, some progress is being made in increasing energy efficiency across the country. The U.S. Energy Information Administration expects 26 percent of electricity generation in 2026 will come from renewables. A number of them are being developed in the Houston area, including recent announcements like the Pleasure Island Power Collective in Port Arthur.

Still, Houston earned an abysmal ranking on WalletHub's greenest cities in the U.S. report earlier this year, coming in at No. 99 out of 100. Read more here.

Port Houston reports emissions progress as cargo volumes climb

greener growth

Port Houston’s initiatives to reduce emissions have shown some positive results, according to new data from the Port of Houston Authority.

Pulling from the Goods Movement Emissions Inventory (GMEI) report, which tracks port-related air emissions, Port Houston cited several improvements compared to the most recent report from 2019.

The port has seen total tonnage and container volumes increase by 16 percent and 28 percent, respectively, since 2019. However, greenhouse gas emissions have increased at a slower rate, growing only by 10 percent during the same time period, according to the data.

Additionally, emissions of nitrogen oxide fell by 7 percent, and emissions of particulate matter fell by 4 percent, despite adding 280 more pieces of cargo handling equipment.

“These results show that our emission-reduction efforts are working, and we are moving in the right direction,” Chairman Ric Campo said in a news release.

The Port Commission also recently approved items related to the $3 million U.S. Environmental Protection Agency Clean Ports Program (CPP) grant, which it received last year. The items will allow the port to work towards five new sustainability initiatives.

They include:

An inventory of the port’s Scopes 1, 2, and 3 for greenhouse gas emissions
A Port Area Climate Action Plan for the area and surrounding communities
A CPP Truck Route Analysis
Creation of the CPP Trucking Industry Collaborative
Design of a customized website for Port of Houston Partners in Maritime Education, which is a non-profit leading maritime workforce development effort in local schools.

Port Houston aims to be carbon neutral by 2050.

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This article originally appeared on our sister site, Innovation Map.

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