SERVICES
Sourcing
SEGMENT
Corporate
Investor
TECH TOPICS
Grid Software
Energy Flexibility Modeling
Client Need
DNV, a global leader in assurance and risk management, partnered with Powerhouse Innovation to identify high-potential startups advancing grid technology and the energy transition. DNV Ventures needed a partner to expand its sourcing of innovative startups in areas that are complementary to both DNV and its clients.
Services Delivered
Powerhouse Innovation provided Sourcing services to DNV Ventures, running a dedicated screening project across the grid technology landscape. Leveraging our extensive network and technical expertise, we:
Mapped the competitive landscape of startups building software to model, design, and simulate complex energy projects
Screened companies for strategic fit, technical differentiation, and market traction
Facilitated warm introductions to founders for direct evaluation
This process helped DNV engage with high-quality startups positioned to complement their core expertise in advising renewable energy project developers.
Outcome Achieved
Powerhouse Innovation's sourcing services resulted in DNV Ventures' investment in Gridcog, a UK-based company that provides comprehensive, fast and accurate simulation software for energy projects. Gridcog replaces slow, error-prone spreadsheet modeling with fast, transparent, and auditable simulations spanning generation, storage, flexible load, and market participation across the full project lifecycle. Our work accelerated DNV's engagement with grid modeling software startups, and the investment and partnership will let DNV engage renewable energy project developers earlier in the project lifecycle, pairing Gridcog's fast scenario modeling with DNV's global data and advisory expertise.

