Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider, today announced it has acquired MAKE, an industry-leading research and advisory business specializing in wind power.
MAKE will become part of Wood Mackenzie, a Verisk Analytics business focused on providing research and advisory services to the natural resources sector. The combined organization will enhance the offering to existing clients and form the leading market analysis and advisory firm on renewables and the transformation of the global electricity industry.
With detailed coverage of power market fundamentals, solar, wind, energy storage, and grid edge technologies, Wood Mackenzie will be ideally positioned to bring clients market-leading analysis and insight on the evolution of the entire energy landscape and will provide a strong platform for the future.
MAKE is leading a significant transformation in the energy sector. MAKE’s cutting-edge knowledge of wind supply chains, costs, and investment trends will strengthen Wood Mackenzie’s offerings in the market during this rapidly changing time in the energy sector.
Following the acquisition of Greentech Media in July 2016, Wood Mackenzie is continuing to expand its capabilities and solutions in data and insight for the power and renewables sector.
“Decarbonization is the defining trend in the energy industry today. And Wood Mackenzie is building a preeminent position to offer our clients the latest thinking in the renewables sector,” said Neal Anderson, president of Wood Mackenzie. “MAKE’s expertise in wind and solar power complements both Greentech Media’s expertise and our own existing practice.”
“I look forward to all of our clients benefiting from the combined offering,” said Morten B. Keller, managing partner of MAKE. “The renewables sector continues to grow at an unprecedented pace and at a scale that impacts the entire energy landscape. In 2016, more than $200 billion was invested to build a record 116 gigawatts of solar and wind capacity. This accounted for 41 percent of all new electricity capacity globally, more than any other source.”
“I’m confident MAKE is an excellent fit for Wood Mackenzie, Greentech Media, and the Verisk Analytics family of businesses,” added Scott Stephenson, chairman, president, and chief executive officer of Verisk Analytics.
MAKE is a leading source of intelligence for the renewable energy industry—specializing in onshore and offshore wind. Products include reports, access to MAKE’s proprietary databases and forecasts, analyst presentations, and direct analyst access. Bespoke consulting projects provide insight to the wind and solar power communities. MAKE has a global, loyal, and blue-chip customer base that includes some of the world’s largest renewable energy companies. They have a highly diversified customer base, including suppliers, OEMs, utilities, independent power producers, and financial institutions, which are served from MAKE’s locations in Denmark, China, and the United States. Learn more at: www.consultmake.com
About Wood Mackenzie
Wood Mackenzie, a Verisk Analytics business, is a trusted source of commercial intelligence for the world’s natural resources sector. Wood Mackenzie empowers clients to make better strategic decisions, providing objective analysis and advice on assets, companies, and markets. Learn more at: www.woodmac.com
Source: Verisk Press Release