Envision Energy to Acquire BazeField

Envision, one of the world’s leading renewable energy and technology companies, today announced the acquisition of Norway-based BazeField technology in a partnership that will drive both companies forward in the digital energy revolution.

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The partnership with BazeField is a continuation of Envision’s commitment to cooperate with the best companies around the world to develop solutions to meet global energy and climate challenges, and enable the necessary transition to a low-carbon global economy.

“BazeField is at the cutting edge of renewable energy system management technology,” said Felix Zhang, Envision executive director. “The acquisition will provide the resources and support for BazeField to further develop its state-of-the-art technology, and provide better products and services to its global clients. The synergies and complementary technologies between Envision and BazeField will create a partnership that will drive forward growth and innovation for both companies.”

According to Zhang, the digital energy technology market is at an early stage of development, fragmented and geographically diverse. “At this stage of the market’s development, innovation and growth requires more partnerships and greater cooperation,” he said. “The new relationship between Envision and BazeField will play a key part in achieving those goals and pushing the market forward.”

BazeField will continue to operate independently under the agreement. “The independence of BazeField is important for the success of this partnership,” Zhang said. “With Bazefield operating independently, customers will have more choice and BazeField will have the autonomy it needs to continue its development efforts.”

“We decided we would need a partner to grow with,” said BazeField CEO Sigurd Juvik. “Envision is the right partner for us. The companies have a similar vision for smart energy technology and the partnership offers us the resources and industry insights that will accelerate our product development and entry into new market regions. We have confidence in our technology. Moving forward with Envision Energy is an endorsement of that, and a massive vote of confidence.”

Zhang pointed out that the world is rapidly moving to a future energy system that is completely different from today’s. “This energy future will rely on society and business being able to run an energy system in which digitalisation means greater control and improved efficiency at every juncture,” Zhang said. “Envision Energy and BazeField are at the forefront of this transition, using software to maximise the efficiency of every piece of hardware they help to operate. The global market is undergoing a fundamental paradigm shift and global cooperation is a must.”

After the acquisition is complete, customers will be able to use the same technology platforms they have chosen from Envision or BazeField, but with added innovation and potential. Juvik said, “The combination of BazeField and Envision Energy will accelerate investment in BazeField’s technology, increase both companies’ rate of growth and geographic expansion, and increase employment and investment in Norway and Europe, all of which will help us overcome the challenges we face today in energy and the environment.”

About Envision Energy

Envision Energy (www.envision-energy.com) is one of the world's largest smart energy management companies and among the eight largest turbine companies in the world with more than 7.5 GW of Envision smart wind turbines in operation. Envision's Energy OS platform is used to manage more than 50 GW of renewable energy assets, including charging stations and energy consumption devices worldwide. Envision has regional offices across Asia, Europe, North and South America and has established global R&D and engineering centers in Denmark, Germany and the United States.

About BazeField

Baze Technology is a software company headquartered in Norway. It’s industry leading product, BazeField Wind, is a turbine independent Wind Farm Management System (WFMS) that provides tools for real-time monitoring, reporting, availability planning, stop and loss analysis and fact-based decision making. BazeField’s Wind Farm Management System includes turnkey interfaces such as: turbine SCADA, grid, met, forecasts, trading systems etc. It also includes a suite of monitoring, analysis and operations management applications, KPI's measurements and reports needed for support in O&M of wind farms.

Envision Energy/BazeField

Transaction Summary

Purpose of the deal

With the partnership with BazeField, Envision Energy continues to cooperate with the best companies around the world to develop solutions to meet the global energy and climate challenges.

Envision Energy

Founded: 2007

HQ: Registered in Hong Kong

Employees: More than 1,000 renewable energy and software development professionals working in 12 countries.

Market position in global renewables energy and technology market:

• Second largest wind turbine company in China
• A top-10 wind turbine technology provider in the world
• Developed a leading lifecycle management system that features smart sensor networks and cloud-based IT infrastructure designed to create smart wind farms
• Largest smart energy management company in the world, currently managing more than 50 million kilowatts of global alternative energy assets
• Largest offshore turbine supplier in China
• Current markets: China, UK, Mexico, Chile, Denmark (R&D), Germany (R&D), US (R&D, System Management)

Products/Services

Wind turbines and systems

Solar power software systems

Smart energy management technology

Many other digital energy solutions

Executives

Zhang Lei - Chief Executive Officer

Felix Zhang - Executive Director

Tim Naylor - Head of Software Sales in Europe

Tim Hertel - Head of Software Sales in North America

John Childs - Head of Turbine Business Development for Europe Middle East & Africa

Michael Friedrich - Chief System Engineer

Mathias Mier - Director of Technology & Quality

Markets

Envision in North America/South America – Aerodynamics R&D, global digital energy centre and innovation lab, Envision Ventures

Envision in Europe – 1 global innovation centres

Envision in APAC – Global manufacturing, R&D, international project CoE business operations and smart energy software R&D

BazeField

Founded: 2007 as a spin-off from CARDIAC AS

HQ: Porsgrunn, Norway

Products/Services

BazeField Wind is a turbine independent Wind Farm Management System (WFMS) that provides tools for real-time monitoring, reporting, availability planning, stop and loss analysis, and fact-based decision-making. Approximately 7 GW of installed wind power capacity are managed on a daily basis.

Executives

Sigurd J. Juvik – Chief Executive Officer

Tor-Egil Tinderholt – Chief Financial Officer/Chief Operating Officer

Thorstein Rinker – Vice President Business Development

John Båserud – Chief Technology Officer

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Contact information

For Envision Energy:
UK
Stephanie Bailey, +44 (0) 208 618 2809
Press office
Stephanie.bailey@fhflondon.co.uk
or
Norway
Rune Mørck Wergeland, +47 913 88 914
Press office
rmw@wask.no
or
Brussels
Alexandria Hicks, +32 470 904 333
Press office
alexandria.hicks@fleishmaneurope.com
or
San Francisco
Yang Stratton, 650-564-5036
yang.stratton@envision-energy.com
or
Houston- Joe Brettell, +1713-513-9511
Press office
joe.brettell@fleishman.com